Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0427%/8h= −46.7% APRpaid last 24h −0.133%

Price spread now: Phemex against RISEx−0.032%7-day average −0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$920.921% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.273%−$27 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.032%, 7d avg −0.008%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.024% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx INTC/USDC	123.89	0.0427	pay 0.0053% / 1h	4m 13s	$343K	$379K	10x
Short	Phemex INTCUSDT	123.85	0	get 0.0000% / 8h	7h 04m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against RISEx. 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 RISExbpFee PhemexbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$89.57
Price spread: −0.032% → −0.008%: −$2.44
Slippage, 4 orders: −$74.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$184.07
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Phemex: live order book, 4 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 RISEx live order book, 4 min ago	1.09 bp	4.1 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.81 bp	41.6 bp −$42	doesn't fit	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
Aster INTCUSDT	0.0000%	8h	123.90	+0.011%	$319K	$516K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.88	−0.008%	$13.4M	$28.3M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.86	−0.024%	$8.5M	$30.9M	75x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	123.85	−0.032%	$1.7M	$50K	10x
Nado INTC-PERP	+0.0011%	1h	123.78	−0.090%	$174K	$249K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	−0.024%	$264K	$1.0M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.85	−0.032%	$615K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.058%	$213	$22K	12x	as long as short
OKX INTC-USDT-SWAP	+0.0036%	8h	123.82	−0.057%	$18.7M	$67.7M	25x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	123.82	−0.059%	$2K	$52K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	123.92	+0.024%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.83	−0.044%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.87	−0.016%	$1.7M	$13.6M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.64	−0.202%	$1.3M	$2.2M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0072%	8h	123.71	−0.146%	$927K	$1.4M	10x	as long as short
Paradex INTC-USD-PERP	+0.0095%	8h	123.84	−0.037%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.65	−0.194%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.83	−0.048%	$5K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0114%	1h	123.87	−0.016%	$213K	$479K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.87	−0.016%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0129%	8h	123.74	−0.123%	$2.2M	$2.5M	—	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0154%	1h	123.82	−0.057%	$21K	$107K	10x	as long as short
Bitget INTCUSDT	+0.0157%	8h	123.93	+0.032%	$25.6M	$32.4M	50x	as long as short
Binance INTCUSDT	+0.0174%	8h	123.84	−0.040%	$72.5M	$401.1M	25x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	123.83	−0.046%	$353K	$1.8M	10x	as long as short
Phoenix INTC	+0.0258%	1h	123.77	−0.097%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0272%	8h	123.87	−0.016%	$1.2M	$54K	20x	as long as short
tradeXYZ xyz:INTC	+0.0280%	1h	123.85	−0.032%	$147.8M	$69.7M	10x	as long as short
BloFin INTC-USDT	+0.0293%	8h	123.89	0.000%	$920K	$310K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.76	−0.105%	$95K	$306K	10x	as long as short
Lighter INTC	+0.0312%	1h	123.91	+0.019%	$1.5M	$1.8M	10x	as long as short
RISEx INTC/USDClong	+0.0427%	1h	123.89	long leg	$343K	$379K	10x
edgeX INTCUSDC	+0.0943%	4h	123.79	−0.079%	$88K	$290K	10x	as long as short