Funding you earn now, next payment 06:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.011%
Price spread now: Phoenix against tradeXYZ+0.182%81s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as 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−$430.431% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.182%, 7d avg +0.021%
=Together, before fees+0.126%+ Points / potential airdroptradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.161% dearer against tradeXYZ than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 81 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 | tradeXYZ xyz:INTC | 120.72 | 0.0095 | pay 0.0012% / 1h | 56m 00s | $143.7M | $62.0M | 10x |
| Short | Phoenix INTC | 120.94 | 0.0199 | get 0.0025% / 1h | 56m 00s | $47K | $236K | 10x |
tradeXYZ xyz:INTC
Phoenix INTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against tradeXYZ. 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
- $21.77
- Price spread: +0.182% → +0.021%
- $16.09
- Slippage, 4 orders
- −$18.14
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$5.29
- Costs to cover
- 0.431%
- Break-even
- 8.7 days
Slippage from tradeXYZ: live order book, 3 min ago; Phoenix: live order book, 44 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 tradeXYZ live order book, 3 min ago | 0.41 bp | 10.1 bp −$10 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 44 min ago | 3.33 bp | 11.1 bp −$11 | 24.3 bp −$243 | 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 | −0.0639% | 8h | 120.90 | +0.149% | $25.2M | $32.4M | 50x | as long as short |
| Nado INTC-PERP | −0.0022% | 1h | 120.73 | +0.012% | $157K | $294K | 10x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 120.78 | +0.049% | $425K | $669K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 120.75 | +0.025% | $12.9M | $28.7M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 120.76 | +0.033% | $8.2M | $30.2M | 75x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 121.11 | +0.323% | $907K | $1.5M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 120.71 | −0.008% | $20K | $109K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 120.78 | +0.050% | $1.7M | $49K | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0013% | 8h | 120.71 | −0.008% | $18.0M | $67.7M | 25x | as long as short |
| Variational Omni INTC | +0.0014% | 8h | 121.07 | +0.289% | $2.0M | $2.5M | — | as long as short |
Bitget INTCUSDT
Nado INTC-PERP
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
GRVT INTC_USDT_Perp
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
OKX INTC-USDT-SWAP
Variational Omni INTCShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps INTCUSD | +0.0029% | 1h | 120.85 | +0.110% | $2K | $55K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 120.76 | +0.033% | $668K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | +0.514% | $213 | $22K | 12x | as long as short |
| QFEX INTC-USD | +0.0039% | 1h | 120.79 | +0.058% | $1.3M | $10.1M | 10x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 120.87 | +0.124% | $91K | $307K | 10x | as long as short |
| Binance INTCUSDT | +0.0045% | 8h | 120.73 | +0.008% | $69.2M | $398.7M | 25x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 120.77 | +0.041% | — | $1.5M | 25x | as long as short |
| Extended INTC_24_5-USD | +0.0048% | 1h | 120.68 | −0.037% | $335K | $1.2M | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0050% | 1h | 120.77 | +0.041% | $216K | $537K | 10x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 120.77 | +0.041% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 120.75 | +0.025% | $1.2M | $2.5M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0056% | 1h | 120.15 | −0.472% | $240K | $830K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0072% | 8h | 120.76 | +0.031% | — | — | 5x | as long as short |
| tradeXYZ xyz:INTClong | +0.0095% | 1h | 120.72 | long leg | $143.7M | $62.0M | 10x | |
| Aevo INTC-PERP | +0.0096% | 1h | 120.77 | +0.040% | $49K | — | 10x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 121.05 | +0.273% | $47K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 120.73 | +0.008% | $4K | $3K | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0102% | 8h | 120.79 | +0.058% | $1.1M | $106K | 20x | as long as short |
| Lighter INTC | +0.0112% | 1h | 120.77 | +0.042% | $1.4M | $1.8M | 10x | as long as short |
| BloFin INTC-USDT | +0.0166% | 8h | 120.82 | +0.083% | $895K | $312K | 25x | as long as short |
| Phoenix INTCshort | +0.0199% | 1h | 120.94 | +0.182% | $47K | $236K | 10x | |
| RISEx INTC/USDC | +0.0230% | 1h | 120.81 | +0.079% | $317K | $323K | 10x | as long as short |
| edgeX INTCUSDC | +0.0799% | 4h | 121.02 | +0.250% | $86K | $294K | 10x | as long as short |
Aftermath Perps INTCUSD
Lighter RH INTC
Injective INTC/USDC PERP
QFEX INTC-USD
Arcus INTC-USD
Binance INTCUSDT
Vest INTC-USD-PERP
Extended INTC_24_5-USD
Polymarket Perps INTC-USD
SoDEX INTC-USD
Ondo Perps INTC-USD.P
Coinbase International INTC-PERP-INTX
Paradex INTC-USD-PERP
Aevo INTC-PERP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
KuCoin INTCUSDTM
Lighter INTC
BloFin INTC-USDT
RISEx INTC/USDC
edgeX INTCUSDC