Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.010%

Price spread now: KuCoin against Phoenix−0.025%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1581.579% of the position

Long on Phoenix Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−1.170%−$117 · spread now −0.025%, 7d avg −0.001%

Together, before fees−1.304%−$130 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.024% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix INTC	121.19	0.0198	pay 0.0025% / 1h	15m 29s	$47K	$236K	10x
Short	KuCoin INTCUSDTM	121.16	0.0126	get 0.0126% / 8h	15m 29s	$1.1M	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$15.19
Price spread: −0.025% → −0.001%: −$2.39
Slippage, 4 orders: −$138.93
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$175.51
Costs to cover: 1.579%
Break-even: never at this rate

Slippage from Phoenix: live order book, 20 min ago; KuCoin: 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, 20 min ago	4.13 bp	13.0 bp −$13	28.4 bp −$284	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	5.79 bp	86.6 bp −$87	doesn't fit	doesn't fit	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 INTCUSDT	−0.0369%	8h	121.36	+0.140%	$25.3M	$32.5M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.16	−0.025%	$429K	$671K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.22	+0.025%	$12.9M	$28.7M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.20	+0.008%	$8.2M	$31.2M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.06	−0.106%	$907K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.08	−0.091%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.21	+0.017%	$1.7M	$49K	10x	as long as short
Variational Omni INTC	+0.0013%	8h	121.16	−0.028%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0021%	8h	121.20	+0.008%	$18.1M	$67.9M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.25	+0.050%	$672K	$2.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.124%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0038%	1h	121.03	−0.133%	$2K	$55K	10x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.18	−0.008%	$1.3M	$10.0M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.07	−0.099%	$91K	$290K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.16	−0.025%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.14	−0.037%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.90	−0.239%	$1.2M	$2.5M	10x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	121.20	+0.008%	$334K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.92	−0.223%	$245K	$826K	10x	as long as short
Binance INTCUSDT	+0.0057%	8h	121.24	+0.041%	$69.6M	$397.2M	25x	as long as short
Polymarket Perps INTC-USD	+0.0080%	1h	121.23	+0.033%	$217K	$548K	10x	as long as short
Paradex INTC-USD-PERP	+0.0087%	8h	121.21	+0.016%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.17	−0.018%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.13	−0.050%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.19	0.000%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0109%	1h	121.17	−0.018%	$157K	$297K	10x	as long as short
KuCoin INTCUSDTMshort	+0.0126%	8h	121.16	−0.025%	$1.1M	$112K	20x
BloFin INTC-USDT	+0.0177%	8h	121.22	+0.025%	$904K	$309K	25x	as long as short
edgeX INTCUSDC	+0.0183%	4h	121.16	−0.027%	$86K	$296K	10x	as long as short
Phoenix INTClong	+0.0198%	1h	121.19	long leg	$47K	$236K	10x
Lighter INTC	+0.0224%	1h	121.24	+0.040%	$1.4M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.26	+0.061%	$318K	$317K	10x	as long as short
tradeXYZ xyz:INTC	+0.0289%	1h	121.23	+0.033%	$146.3M	$60.6M	10x	as long as short