Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.016%
Price spread now: Binance against Phoenix+0.042%55s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 4 days (all we have)+0.294%+$29 · spread now +0.042%, 7d avg +0.046%
=The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix INTC | 122.97 | 0.0261 | pay 0.0033% / 1h | 34m 23s | $47K | $265K | 10x |
| Short | Binance INTCUSDT | 123.02 | 0.0154 | get 0.0154% / 8h | 5h 34m | $72.5M | $400.0M | 25x |
Phoenix INTC
Binance INTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$22.61
- Price spread: +0.042% → +0.046%
- −$0.44
- Slippage, 4 orders
- −$18.65
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$58.7
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 26 min ago; Binance: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 26 min ago | 3.27 bp | 11.7 bp −$12 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.41 bp | 6.3 bp −$6 | 10.2 bp −$102 | 20.1 bp −$2,006 | 151.1 bp −$75.5K |
INTC on 33 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado INTC-PERP | −0.0113% | 1h | 122.91 | −0.046% | $172K | $285K | 10x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 122.92 | −0.043% | $306K | $524K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.99 | +0.016% | $13.3M | $28.3M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.98 | +0.008% | $8.6M | $30.2M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 123.05 | +0.065% | $25.4M | $32.1M | 50x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 122.98 | +0.008% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 122.98 | +0.008% | $649K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −1.326% | $213 | $22K | 12x | as long as short |
| GRVT INTC_USDT_Perp | +0.0034% | 8h | 123.04 | +0.057% | $922K | $1.4M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0034% | 8h | 123.00 | +0.024% | $18.6M | $67.6M | 25x | as long as short |
Nado INTC-PERP
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
Phemex INTCUSDT
Lighter RH INTC
Injective INTC/USDC PERP
GRVT INTC_USDT_Perp
OKX INTC-USDT-SWAPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus INTC-USD | +0.0040% | 1h | 122.92 | −0.041% | $93K | $308K | 10x | as long as short |
| Aftermath Perps INTCUSD | +0.0041% | 1h | 122.92 | −0.043% | $2K | $52K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.94 | −0.024% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 122.94 | −0.020% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.95 | −0.016% | $1.3M | $2.2M | 10x | as long as short |
| QFEX INTC-USD | +0.0057% | 1h | 122.99 | +0.016% | $1.6M | $12.7M | 10x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.95 | −0.016% | $45K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.89 | −0.065% | $4K | $3K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0108% | 8h | 122.97 | −0.002% | — | — | 5x | as long as short |
| Variational Omni INTC | +0.0114% | 8h | 123.02 | +0.037% | $2.1M | $2.5M | — | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 122.94 | −0.026% | $50K | — | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0152% | 1h | 122.98 | +0.008% | $341K | $1.8M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0152% | 1h | 122.57 | −0.325% | $258K | $925K | 10x | as long as short |
| Binance INTCUSDTshort | +0.0154% | 8h | 123.02 | +0.042% | $72.5M | $400.0M | 25x | |
| Deribit INTC_USDC-PERPETUAL | +0.0157% | 1h | 122.86 | −0.089% | $21K | $107K | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0162% | 1h | 123.00 | +0.024% | $212K | $482K | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0177% | 8h | 122.94 | −0.024% | $1.1M | $104K | 20x | as long as short |
| Phoenix INTClong | +0.0261% | 1h | 122.97 | long leg | $47K | $265K | 10x | |
| RISEx INTC/USDC | +0.0264% | 1h | 123.04 | +0.054% | $347K | $381K | 10x | as long as short |
| BloFin INTC-USDT | +0.0274% | 8h | 122.99 | +0.016% | $921K | $305K | 25x | as long as short |
| tradeXYZ xyz:INTC | +0.0286% | 1h | 122.99 | +0.016% | $147.0M | $68.4M | 10x | as long as short |
| Lighter INTC | +0.0360% | 1h | 123.01 | +0.036% | $1.5M | $2.0M | 10x | as long as short |
| edgeX INTCUSDC | +0.0729% | 4h | 122.98 | +0.008% | $87K | $292K | 10x | as long as short |
Arcus INTC-USD
Aftermath Perps INTCUSD
Vest INTC-USD-PERP
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Paradex INTC-USD-PERP
Variational Omni INTC
Aevo INTC-PERP
Extended INTC_24_5-USD
Coinbase International INTC-PERP-INTX
Deribit INTC_USDC-PERPETUAL
Polymarket Perps INTC-USD
KuCoin INTCUSDTM
RISEx INTC/USDC
BloFin INTC-USDT
tradeXYZ xyz:INTC
Lighter INTC
edgeX INTCUSDC