INTC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.065%

Price spread now: QFEX against Phoenix+0.033%112s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.349% of the position

Long on Phoenix Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.425%−$42 · spread now +0.033%, 7d avg −0.005%

Together, before fees−0.602%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.037% dearer against Phoenix than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.005%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours. The two prices were read 112 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	123.06	0.0324	pay 0.0041% / 1h	41m 32s	$47K	$265K	10x
Short	QFEX INTC-USD	123.10	0.0060	get 0.0008% / 1h	41m 32s	$1.6M	$12.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$55.44
Price spread: +0.033% → −0.005%: $3.71
Slippage, 4 orders: −$17.86
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$86.59
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Phoenix: live order book, 14 min ago; QFEX: live order book, 8 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, 14 min ago	2.43 bp	10.8 bp −$11	22.7 bp −$227	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	1.63 bp	6.6 bp −$7	7.2 bp −$72	11.5 bp −$1,148	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
Nado INTC-PERP	−0.0068%	1h	123.02	−0.031%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.02	−0.034%	$306K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.09	+0.024%	$13.1M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.05	−0.008%	$8.6M	$30.1M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.13	+0.057%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.06	0.000%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.13	+0.057%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.11	+0.041%	$663K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.398%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.06	0.000%	$93K	$307K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0042%	1h	123.08	+0.020%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.09	+0.024%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.13	+0.060%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.92	−0.114%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0052%	8h	123.09	+0.024%	$18.7M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0060%	8h	123.07	+0.010%	$922K	$1.4M	10x	as long as short
QFEX INTC-USDshort	+0.0060%	1h	123.10	+0.033%	$1.6M	$12.3M	10x
ApeX Omni INTCUSDT	+0.0100%	1h	123.09	+0.024%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.14	+0.065%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0109%	8h	123.07	+0.008%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.16	+0.083%	$50K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0120%	1h	123.11	+0.041%	$212K	$485K	10x	as long as short
Variational Omni INTC	+0.0122%	8h	123.06	+0.002%	$2.2M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	+0.057%	$262K	$930K	10x	as long as short
Binance INTCUSDT	+0.0159%	8h	123.10	+0.033%	$72.8M	$399.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.07	+0.008%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0187%	8h	123.13	+0.057%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.21	+0.122%	$928K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0296%	1h	123.07	+0.008%	$146.9M	$69.0M	10x	as long as short
Phoenix INTClong	+0.0324%	1h	123.06	long leg	$47K	$265K	10x
Lighter INTC	+0.0344%	1h	123.14	+0.063%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.15	+0.069%	$348K	$383K	10x	as long as short
edgeX INTCUSDC	+0.0597%	4h	123.17	+0.087%	$87K	$292K	10x	as long as short