Funding you earn now, next payment 04:00 UTC−0.0294%/8h= −32.2% APRnext payment −$0.37 per $10,000 · paid last 24h −0.069%
Price spread now: Lighter RH against Phoenix−0.385%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days−0.350%−$35 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.385%, 7d avg −0.013%
=Together, before fees−0.211%+ Points / potential airdropLighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Lighter RH is 0.372% cheaper against Phoenix than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix INTC | 121.95 | 0.0326 | pay 0.0041% / 1h | 26m 32s | $47K | $265K | 10x |
| Short | Lighter RH INTC | 121.48 | 0.0032 | get 0.0004% / 1h | 26m 32s | $661K | $2.9M | 10x |
Phoenix INTC
Lighter RH INTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$61.74
- Price spread: −0.385% → −0.013%
- −$37.22
- Slippage, 4 orders
- −$25.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$131.85
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 24 min ago; Lighter RH: 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, 24 min ago | 4.09 bp | 13.2 bp −$13 | 28.7 bp −$287 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 0.41 bp | 5.8 bp −$6 | 8.7 bp −$87 | 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 | −0.0191% | 8h | 121.61 | −0.279% | $25.2M | $31.7M | 50x | as long as short |
| Nado INTC-PERP | −0.0061% | 1h | 121.46 | −0.402% | $170K | $282K | 10x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 121.55 | −0.327% | $305K | $522K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 121.52 | −0.353% | $12.8M | $28.5M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 121.51 | −0.361% | $8.5M | $30.1M | 75x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 121.67 | −0.230% | $20K | $107K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 121.77 | −0.148% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTCshort | +0.0032% | 1h | 121.48 | −0.385% | $661K | $2.9M | 10x | |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −0.500% | $213 | $22K | 12x | as long as short |
| GRVT INTC_USDT_Perp | +0.0037% | 8h | 121.86 | −0.073% | $913K | $1.4M | 10x | as long as short |
Bitget INTCUSDT
Nado INTC-PERP
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
Injective INTC/USDC PERP
GRVT INTC_USDT_PerpShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus INTC-USD | +0.0040% | 1h | 121.72 | −0.189% | $92K | $307K | 10x | as long as short |
| Aftermath Perps INTCUSD | +0.0044% | 1h | 121.77 | −0.145% | $2K | $53K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 121.38 | −0.467% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 121.73 | −0.176% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 121.39 | −0.459% | $1.3M | $2.2M | 10x | as long as short |
| QFEX INTC-USD | +0.0054% | 1h | 121.53 | −0.344% | $1.5M | $11.7M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0065% | 8h | 121.49 | −0.377% | $18.3M | $67.7M | 25x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 121.74 | −0.172% | $47K | $260K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 121.75 | −0.164% | $4K | $3K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0100% | 8h | 121.48 | −0.388% | — | — | 5x | as long as short |
| Variational Omni INTC | +0.0109% | 8h | 121.87 | −0.063% | $2.1M | $2.5M | — | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 121.74 | −0.172% | $49K | — | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0144% | 1h | 121.52 | −0.350% | $338K | $1.9M | 10x | as long as short |
| Binance INTCUSDT | +0.0144% | 8h | 121.56 | −0.323% | $71.4M | $399.5M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0161% | 1h | 121.52 | −0.353% | $209K | $485K | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0175% | 8h | 121.62 | −0.271% | $1.1M | $105K | 20x | as long as short |
| Lighter INTC | +0.0176% | 1h | 121.56 | −0.324% | $1.4M | $2.1M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0192% | 1h | 121.24 | −0.582% | $256K | $824K | 10x | as long as short |
| BloFin INTC-USDT | +0.0265% | 8h | 121.82 | −0.107% | $919K | $306K | 25x | as long as short |
| tradeXYZ xyz:INTC | +0.0301% | 1h | 121.47 | −0.394% | $145.4M | $67.7M | 10x | as long as short |
| Phoenix INTClong | +0.0326% | 1h | 121.95 | long leg | $47K | $265K | 10x | |
| edgeX INTCUSDC | +0.0375% | 4h | 121.87 | −0.063% | $86K | $295K | 10x | as long as short |
| RISEx INTC/USDC | +0.0459% | 1h | 121.57 | −0.314% | $343K | $361K | 10x | as long as short |
Arcus INTC-USD
Aftermath Perps INTCUSD
Vest INTC-USD-PERP
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
OKX INTC-USDT-SWAP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Paradex INTC-USD-PERP
Variational Omni INTC
Aevo INTC-PERP
Extended INTC_24_5-USD
Binance INTCUSDT
Polymarket Perps INTC-USD
KuCoin INTCUSDTM
Lighter INTC
Coinbase International INTC-PERP-INTX
BloFin INTC-USDT
tradeXYZ xyz:INTC
edgeX INTCUSDC
RISEx INTC/USDC