Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0161%/8h= −17.7% APRpaid last 24h −0.056%

Price spread now: Orderly against Phoenix+0.089%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.089% dearer against Phoenix than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix INTC	122.95	0.0261	pay 0.0033% / 1h	31m 08s	$47K	$265K	10x
Short	Orderly PERP_INTC_USDC_mythos	123.06	0.0100	get 0.0100% / 8h	5h 31m	$4K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.089%Rate

Funding earned: −$33.88
Price spread: +0.089% → 0.000%: $8.95
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$37.93
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 29 min ago; Orderly: no order-book sample. Net counts fees only.

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, 29 min ago	3.27 bp	11.7 bp −$12	25.1 bp −$251	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado INTC-PERP	−0.0115%	1h	123.01	+0.045%	$172K	$285K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.00	+0.044%	$306K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.08	+0.106%	$13.3M	$28.2M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.08	+0.106%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.12	+0.138%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.00	+0.041%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.09	+0.114%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.08	+0.106%	$651K	$2.8M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0032%	8h	123.00	+0.041%	$921K	$1.4M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.309%	$213	$22K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX INTC-USDT-SWAP	+0.0034%	8h	123.10	+0.122%	$18.6M	$67.5M	25x	as long as short
Arcus INTC-USD	+0.0040%	1h	122.96	+0.008%	$93K	$308K	10x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	122.97	+0.017%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.03	+0.065%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.10	+0.119%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.89	−0.049%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0057%	1h	123.05	+0.081%	$1.6M	$12.7M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.00	+0.041%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythosshort	+0.0100%	8h	123.06	+0.089%	$4K	$3K	10x
Paradex INTC-USD-PERP	+0.0105%	8h	123.04	+0.075%	—	—	5x	as long as short
Variational Omni INTC	+0.0114%	8h	123.02	+0.054%	$2.1M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.09	+0.116%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	123.06	+0.088%	$341K	$1.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0152%	1h	122.57	−0.309%	$258K	$924K	10x	as long as short
Binance INTCUSDT	+0.0153%	8h	123.11	+0.129%	$72.5M	$399.7M	25x	as long as short
Polymarket Perps INTC-USD	+0.0154%	1h	123.10	+0.122%	$212K	$482K	10x	as long as short
KuCoin INTCUSDTM	+0.0175%	8h	123.02	+0.057%	$1.1M	$104K	20x	as long as short
Phoenix INTClong	+0.0261%	1h	122.95	long leg	$47K	$265K	10x
RISEx INTC/USDC	+0.0264%	1h	123.10	+0.120%	$347K	$381K	10x	as long as short
BloFin INTC-USDT	+0.0273%	8h	123.11	+0.130%	$922K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0287%	1h	123.09	+0.114%	$147.1M	$68.4M	10x	as long as short
Lighter INTC	+0.0344%	1h	123.11	+0.134%	$1.5M	$2.0M	10x	as long as short
edgeX INTCUSDC	+0.0521%	4h	122.97	+0.015%	$87K	$292K	10x	as long as short