Funding you earn now, next payment 01:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Phoenix+0.174%74s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as 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−$340.338% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−1.377%−$138 · spread now +0.174%, 7d avg +0.026%
=Together, before fees−1.313%+ Points / potential airdropLighter: Season 3 · farm board−$131 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.148% dearer against Phoenix than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.026%. The two prices were read 74 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 | 122.58 | 0.0194 | pay 0.0024% / 1h | 21m 51s | $47K | $245K | 10x |
| Short | Lighter INTC | 122.79 | 0.0336 | get 0.0042% / 1h | 21m 51s | $1.5M | $2.0M | 10x |
Phoenix INTC
Lighter INTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $29.83
- Price spread: +0.174% → +0.026%
- $14.77
- Slippage, 4 orders
- −$26.84
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.76
- Costs to cover
- 0.338%
- Break-even
- 4.5 days
Slippage from Phoenix: live order book, 43 min ago; Lighter: live order book, 5 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, 43 min ago | 4.04 bp | 13.1 bp −$13 | 28.6 bp −$286 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.63 bp | 3.7 bp −$4 | 10.8 bp −$108 | 34.3 bp −$3,434 | doesn't fit |
INTC on 32 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 | 122.86 | +0.229% | $306K | $528K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.78 | +0.163% | $13.3M | $28.5M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.79 | +0.171% | $8.5M | $30.3M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 122.85 | +0.220% | $25.4M | $32.3M | 50x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 122.75 | +0.139% | $920K | $1.4M | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 122.77 | +0.155% | $1.7M | $50K | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0014% | 8h | 122.77 | +0.155% | $18.5M | $67.2M | 25x | as long as short |
| Nado INTC-PERP | +0.0015% | 1h | 122.76 | +0.148% | $172K | $281K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 122.75 | +0.139% | $618K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −1.012% | $213 | $22K | 12x | as long as short |
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
GRVT INTC_USDT_Perp
Phemex INTCUSDT
OKX INTC-USDT-SWAP
Nado INTC-PERP
Lighter RH INTC
Injective INTC/USDC PERPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps INTCUSD | +0.0039% | 1h | 122.67 | +0.077% | $2K | $52K | 10x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 122.70 | +0.098% | $93K | $308K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.73 | +0.122% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 122.76 | +0.147% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.73 | +0.122% | $1.3M | $2.2M | 10x | as long as short |
| QFEX INTC-USD | +0.0055% | 1h | 122.78 | +0.163% | $1.7M | $13.2M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0064% | 1h | 122.64 | +0.049% | $259K | $1.0M | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0081% | 1h | 122.83 | +0.204% | $211K | $477K | 10x | as long as short |
| Variational Omni INTC | +0.0093% | 8h | 122.80 | +0.183% | $2.1M | $2.5M | — | as long as short |
| Paradex INTC-USD-PERP | +0.0099% | 8h | 122.76 | +0.150% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.78 | +0.163% | $45K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.81 | +0.188% | $4K | $3K | 10x | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 122.81 | +0.188% | $50K | — | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0144% | 1h | 122.77 | +0.153% | $340K | $1.8M | 10x | as long as short |
| Binance INTCUSDT | +0.0145% | 8h | 122.79 | +0.171% | $72.3M | $401.9M | 25x | as long as short |
| Deribit INTC_USDC-PERPETUAL | +0.0158% | 1h | 122.75 | +0.139% | $21K | $107K | 10x | as long as short |
| edgeX INTCUSDC | +0.0181% | 4h | 122.61 | +0.026% | $87K | $290K | 10x | as long as short |
| Phoenix INTClong | +0.0194% | 1h | 122.58 | long leg | $47K | $245K | 10x | |
| tradeXYZ xyz:INTC | +0.0250% | 1h | 122.76 | +0.147% | $146.5M | $69.5M | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0255% | 8h | 122.84 | +0.212% | $1.2M | $55K | 20x | as long as short |
| Lighter INTCshort | +0.0336% | 1h | 122.79 | +0.174% | $1.5M | $2.0M | 10x | |
| RISEx INTC/USDC | +0.0423% | 1h | 122.84 | +0.210% | $347K | $384K | 10x | as long as short |
Aftermath Perps INTCUSD
Arcus INTC-USD
Vest INTC-USD-PERP
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
Coinbase International INTC-PERP-INTX
Polymarket Perps INTC-USD
Variational Omni INTC
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Aevo INTC-PERP
Extended INTC_24_5-USD
Binance INTCUSDT
Deribit INTC_USDC-PERPETUAL
edgeX INTCUSDC
tradeXYZ xyz:INTC
KuCoin INTCUSDTM
RISEx INTC/USDC