Funding you earn now, next payment 08:00 UTC−0.0053%/8h= −5.9% APRpaid last 24h −0.008%
Price spread now: BloFin against Phoenix0.000%106s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as 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−$370.374% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.322%+$32 · spread now 0.000%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.048% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.048%). Swap the legs. The two prices were read 106 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 | 121.07 | 0.0264 | pay 0.0033% / 1h | 1m 32s | $47K | $236K | 10x |
| Short | BloFin INTC-USDT | 121.07 | 0.0210 | get 0.0210% / 8h | 7h 01m | $895K | $336K | 25x |
Phoenix INTC
BloFin INTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.22
- Price spread: 0.000% → +0.048%
- −$4.77
- Slippage, 4 orders
- −$18.44
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.43
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 29 min ago; BloFin: live order book, 10 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, 29 min ago | 3.35 bp | 11.9 bp −$12 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 0.83 bp | 6.8 bp −$7 | 9.8 bp −$98 | 27.9 bp −$2,793 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster INTCUSDT | 0.0000% | 8h | 121.06 | −0.010% | $431K | $676K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 121.18 | +0.091% | $13.0M | $28.4M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 121.18 | +0.091% | $8.0M | $31.5M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 121.24 | +0.140% | $25.3M | $30.7M | 50x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 120.98 | −0.074% | $20K | $105K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 121.08 | +0.008% | $1.7M | $49K | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0008% | 8h | 121.15 | +0.066% | $18.1M | $68.1M | 25x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 121.15 | +0.066% | $662K | $2.8M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0032% | 1h | 120.89 | −0.149% | $256K | $894K | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | +0.223% | $213 | $16K | 12x | as long as short |
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
OKX INTC-USDT-SWAP
Lighter RH INTC
Coinbase International INTC-PERP-INTX
Injective INTC/USDC PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps INTCUSD | +0.0039% | 1h | 120.90 | −0.143% | $2K | $55K | 10x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 121.14 | +0.058% | $88K | $289K | 10x | as long as short |
| Variational Omni INTC | +0.0043% | 8h | 121.00 | −0.062% | $1.8M | $2.7M | — | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 121.24 | +0.140% | — | $1.5M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0050% | 1h | 121.14 | +0.058% | $217K | $512K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 121.01 | −0.050% | $1.2M | $2.6M | 10x | as long as short |
| QFEX INTC-USD | +0.0056% | 1h | 121.16 | +0.074% | $1.2M | $9.7M | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0088% | 1h | 121.14 | +0.054% | $336K | $1.9M | 10x | as long as short |
| Nado INTC-PERP | +0.0088% | 1h | 121.05 | −0.016% | $156K | $297K | 10x | as long as short |
| Binance INTCUSDT | +0.0091% | 8h | 121.20 | +0.104% | $69.5M | $399.4M | 25x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 121.06 | −0.008% | $47K | $258K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 121.02 | −0.041% | $4K | $3K | 10x | as long as short |
| Aevo INTC-PERP | +0.0104% | 1h | 121.04 | −0.024% | $49K | — | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0117% | 8h | 121.09 | +0.018% | — | — | 5x | as long as short |
| KuCoin INTCUSDTM | +0.0159% | 8h | 121.02 | −0.041% | $1.1M | $191K | 20x | as long as short |
| Lighter INTC | +0.0160% | 1h | 121.17 | +0.078% | $1.4M | $1.8M | 10x | as long as short |
| BloFin INTC-USDTshort | +0.0210% | 8h | 121.07 | 0.000% | $895K | $336K | 25x | |
| SoDEX INTC-USD | +0.0250% | 1h | 121.05 | −0.021% | $27K | $4K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0260% | 1h | 121.12 | +0.041% | $146.0M | $56.9M | 10x | as long as short |
| Phoenix INTClong | +0.0264% | 1h | 121.07 | long leg | $47K | $236K | 10x | |
| GRVT INTC_USDT_Perp | +0.0296% | 8h | 121.02 | −0.041% | $907K | $1.4M | 10x | as long as short |
| RISEx INTC/USDC | +0.0362% | 1h | 120.99 | −0.069% | $317K | $298K | 10x | as long as short |
| edgeX INTCUSDC | +0.0588% | 4h | 121.01 | −0.049% | $86K | $297K | 10x | as long as short |
Aftermath Perps INTCUSD
Arcus INTC-USD
Variational Omni INTC
Vest INTC-USD-PERP
Polymarket Perps INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
Extended INTC_24_5-USD
Nado INTC-PERP
Binance INTCUSDT
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Aevo INTC-PERP
Paradex INTC-USD-PERP
KuCoin INTCUSDTM
Lighter INTC
SoDEX INTC-USD
tradeXYZ xyz:INTC
GRVT INTC_USDT_Perp
RISEx INTC/USDC
edgeX INTCUSDC