Funding you earn now, next payment 05:00 UTC−0.1349%/8h= −147.8% APRpaid last 24h +0.013%
Price spread now: Bitget against Phoenix+0.492%99s7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$440.443% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)−0.710%−$71 · spread now +0.492%, 7d avg +0.054%
=The price spread pays, funding is against you. Bitget is 0.438% dearer against Phoenix than usual: you sell high and buy low (spread +0.492% now, against its 7-day average of +0.054%): +$44 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.042% in total) that is about 2 months. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix INTC | 119.95 | 0.0265 | pay 0.0033% / 1h | 21m 53s | $46K | $240K | 10x |
| Short | Bitget INTCUSDT | 120.54 | −0.1084 | pay 0.1084% / 8h | 2h 21m | $25.1M | $32.3M | 50x |
Phoenix INTC
Bitget INTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$283.38
- Price spread: +0.492% → +0.054%
- $43.82
- Slippage, 4 orders
- −$25.35
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$283.9
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 23 min ago; Bitget: live order book, 2 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, 23 min ago | 4.13 bp | 13.0 bp −$13 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.83 bp | 8.6 bp −$9 | 13.2 bp −$132 | 41.1 bp −$4,110 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget INTCUSDTshort | −0.1084% | 8h | 120.54 | +0.492% | $25.1M | $32.3M | 50x | |
| Aster INTCUSDT | 0.0000% | 8h | 120.51 | +0.468% | $299K | $543K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 120.39 | +0.367% | $12.9M | $28.8M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 120.46 | +0.425% | $8.2M | $30.6M | 75x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 119.97 | +0.017% | $899K | $1.4M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 120.23 | +0.233% | $20K | $107K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 120.45 | +0.417% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 120.40 | +0.375% | $650K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | +1.159% | $213 | $22K | 12x | as long as short |
| Aftermath Perps INTCUSD | +0.0034% | 1h | 120.11 | +0.133% | $2K | $55K | 10x | as long as short |
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
GRVT INTC_USDT_Perp
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INTC-USDT-SWAP | +0.0036% | 8h | 120.38 | +0.358% | $17.9M | $67.4M | 25x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 120.04 | +0.075% | $91K | $307K | 10x | as long as short |
| Variational Omni INTC | +0.0044% | 8h | 119.86 | −0.075% | $2.1M | $2.5M | — | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 120.06 | +0.092% | — | $1.5M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0050% | 1h | 120.24 | +0.242% | $206K | $500K | 10x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 120.22 | +0.223% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 119.98 | +0.025% | $1.2M | $2.4M | 10x | as long as short |
| QFEX INTC-USD | +0.0052% | 1h | 120.20 | +0.208% | $1.4M | $10.8M | 10x | as long as short |
| Nado INTC-PERP | +0.0071% | 1h | 120.15 | +0.166% | $157K | $288K | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0080% | 1h | 120.42 | +0.389% | $334K | $1.9M | 10x | as long as short |
| Binance INTCUSDT | +0.0082% | 8h | 120.37 | +0.350% | $69.8M | $398.9M | 25x | as long as short |
| Paradex INTC-USD-PERP | +0.0083% | 8h | 120.20 | +0.205% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 119.95 | 0.000% | $46K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 120.16 | +0.175% | $4K | $3K | 10x | as long as short |
| Aevo INTC-PERP | +0.0104% | 1h | 120.29 | +0.285% | $49K | — | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0115% | 8h | 120.37 | +0.350% | $1.1M | $107K | 20x | as long as short |
| Lighter INTC | +0.0144% | 1h | 120.33 | +0.319% | $1.4M | $2.0M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0184% | 1h | 120.04 | +0.075% | $245K | $834K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0192% | 1h | 120.44 | +0.409% | $143.9M | $64.7M | 10x | as long as short |
| BloFin INTC-USDT | +0.0202% | 8h | 120.14 | +0.158% | $898K | $306K | 25x | as long as short |
| RISEx INTC/USDC | +0.0215% | 1h | 120.19 | +0.200% | $314K | $338K | 10x | as long as short |
| Phoenix INTClong | +0.0265% | 1h | 119.95 | long leg | $46K | $240K | 10x | |
| edgeX INTCUSDC | +0.0463% | 4h | 119.99 | +0.031% | $85K | $294K | 10x | as long as short |
OKX INTC-USDT-SWAP
Arcus INTC-USD
Variational Omni INTC
Vest INTC-USD-PERP
Polymarket Perps INTC-USD
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
Nado INTC-PERP
Extended INTC_24_5-USD
Binance INTCUSDT
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Aevo INTC-PERP
KuCoin INTCUSDTM
Lighter INTC
Coinbase International INTC-PERP-INTX
tradeXYZ xyz:INTC
BloFin INTC-USDT
RISEx INTC/USDC
edgeX INTCUSDC