Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0237%/8h= −25.9% APRpaid last 24h −0.064%

Price spread now: OKX against Phoenix−0.362%46s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$420.422% of the position

Long on Phoenix Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.362%, 7d avg −0.005%

Together, before fees−0.249%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.356% cheaper against Phoenix than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 46 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	121.66	0.0262	pay 0.0033% / 1h	48m 39s	$47K	$211K	10x
Short	OKX INTC-USDT-SWAP	121.22	0.0025	get 0.0025% / 8h	4h 48m	$18.2M	$67.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.362%Rate

Funding earned: −$49.68
Price spread: −0.362% → −0.005%: −$35.62
Slippage, 4 orders: −$25.18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$127.49
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Phoenix: live order book, 52 min ago; OKX: live order book, 3 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, 52 min ago	4.10 bp	13.2 bp −$13	28.8 bp −$288	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.41 bp	7.6 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit

INTC on 33 exchanges

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	121.15	−0.419%	$446K	$697K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.21	−0.370%	$12.8M	$28.2M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.15	−0.419%	$8.1M	$30.7M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.05	−0.501%	$20K	$96K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.23	−0.353%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAPshort	+0.0025%	8h	121.22	−0.362%	$18.2M	$67.3M	25x
Lighter RH INTC	+0.0032%	1h	121.21	−0.370%	$643K	$2.6M	10x	as long as short
Aftermath Perps INTCUSD	+0.0032%	1h	121.54	−0.103%	$2K	$54K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.263%	$213	$16K	12x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.27	−0.321%	—	$1.5M	25x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps INTC-USD	+0.0050%	1h	121.24	−0.345%	$216K	$514K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.17	−0.404%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.03	−0.518%	$1.2M	$2.6M	10x	as long as short
Nado INTC-PERP	+0.0053%	1h	121.09	−0.467%	$156K	$284K	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	121.21	−0.370%	$1.2M	$9.5M	10x	as long as short
Paradex INTC-USD-PERP	+0.0076%	8h	121.19	−0.385%	—	—	5x	as long as short
GRVT INTC_USDT_Perp	+0.0086%	8h	121.57	−0.074%	$911K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.57	−0.074%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.21	−0.370%	$4K	$3K	10x	as long as short
Arcus INTC-USD	+0.0103%	1h	121.14	−0.427%	$86K	$247K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0104%	1h	121.14	−0.427%	$372K	$1.0M	10x	as long as short
Variational Omni INTC	+0.0104%	8h	121.53	−0.105%	$1.8M	$2.7M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	121.10	−0.459%	$49K	—	10x	as long as short
Binance INTCUSDT	+0.0139%	8h	121.17	−0.400%	$70.3M	$395.1M	25x	as long as short
Extended INTC_24_5-USD	+0.0144%	1h	121.04	−0.512%	$335K	$2.2M	10x	as long as short
Bitget INTCUSDT	+0.0146%	8h	121.25	−0.337%	$25.0M	$30.9M	50x	as long as short
Lighter INTC	+0.0160%	1h	121.23	−0.355%	$1.4M	$1.6M	10x	as long as short
KuCoin INTCUSDTM	+0.0167%	8h	121.21	−0.370%	$1.1M	$334K	20x	as long as short
tradeXYZ xyz:INTC	+0.0177%	1h	121.18	−0.395%	$145.8M	$48.9M	10x	as long as short
Phoenix INTClong	+0.0262%	1h	121.66	long leg	$47K	$211K	10x
BloFin INTC-USDT	+0.0262%	8h	121.15	−0.419%	$929K	$339K	25x	as long as short
RISEx INTC/USDC	+0.0374%	1h	121.30	−0.293%	$321K	$288K	10x	as long as short
edgeX INTCUSDC	+0.0384%	4h	121.56	−0.079%	$86K	$298K	10x	as long as short