Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0263%/8h= −28.8% APRpaid last 24h −0.037%

Price spread now: Gate against Phoenix+0.074%77s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as 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−$450.454% of the position

Long on Phoenix Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 3 days (all we have)−0.423%−$42 · spread now +0.074%, 7d avg +0.002%

Together, before fees−0.660%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.072% dearer against Phoenix than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.002%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.238% in total) that is about 2.1 days. The two prices were read 77 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	121.90	0.0263	pay 0.0033% / 1h	30m 10s	$47K	$291K	10x
Short	Gate INTC_USDT	121.99	0	get 0.0000% / 8h	2h 30m	$8.9M	$32.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee GatebpOrdersPrice spread, now +0.074%Rate

Funding earned: −$55.15
Price spread: +0.074% → +0.002%: $7.15
Slippage, 4 orders: −$23.42
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.41
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Phoenix: live order book, 55 min ago; Gate: live order book, 4 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, 55 min ago	2.46 bp	10.1 bp −$10	21.5 bp −$215	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.23 bp	12.6 bp −$13	24.2 bp −$242	39.8 bp −$3,981	84.2 bp −$42.1K

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	122.00	+0.082%	$302K	$501K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	121.99	+0.074%	$18.3M	$68.3M	25x	as long as short
Gate INTC_USDTshort	0.0000%	8h	121.99	+0.074%	$8.9M	$32.3M	75x
Variational Omni INTC	0.0000%	8h	122.00	+0.082%	$2.1M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.92	+0.019%	$913K	$1.6M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.94	+0.033%	$20K	$180K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	122.00	+0.082%	$1.7M	$51K	10x	as long as short
Bybit INTCUSDT	+0.0003%	8h	122.02	+0.098%	$13.3M	$29.0M	50x	as long as short
Binance INTCUSDT	+0.0023%	8h	122.02	+0.098%	$71.4M	$411.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0024%	1h	122.00	+0.078%	$325K	$1.1M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH INTC	+0.0032%	1h	122.00	+0.082%	$602K	$3.1M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.459%	$213	$27K	12x	as long as short
Aftermath Perps INTCUSD	+0.0045%	1h	121.92	+0.016%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.00	+0.082%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.96	+0.049%	$203K	$399K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.00	+0.084%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.91	+0.008%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0080%	1h	121.99	+0.074%	$1.9M	$15.1M	10x	as long as short
Aevo INTC-PERP	+0.0088%	1h	122.01	+0.092%	$49K	—	10x	as long as short
BloFin INTC-USDT	+0.0089%	8h	122.01	+0.090%	$900K	$316K	25x	as long as short
Nado INTC-PERP	+0.0091%	1h	121.90	−0.002%	$171K	$233K	10x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	122.00	+0.082%	$1.2M	$61K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.86	−0.033%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.00	+0.082%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	121.97	+0.058%	—	—	5x	as long as short
Coinbase International INTC-PERP-INTX	+0.0160%	1h	121.83	−0.057%	$279K	$1.2M	10x	as long as short
Bitget INTCUSDT	+0.0218%	8h	122.00	+0.082%	$25.4M	$34.0M	50x	as long as short
tradeXYZ xyz:INTC	+0.0234%	1h	121.97	+0.057%	$144.1M	$80.6M	10x	as long as short
Phoenix INTClong	+0.0263%	1h	121.90	long leg	$47K	$291K	10x
Lighter INTC	+0.0400%	1h	122.06	+0.128%	$1.5M	$2.1M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	122.01	+0.087%	$328K	$367K	10x	as long as short
Arcus INTC-USD	+0.0507%	1h	121.99	+0.074%	$107K	$299K	10x	as long as short
edgeX INTCUSDC	+0.0875%	4h	121.93	+0.023%	$86K	$287K	10x	as long as short