Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0203%/8h= +22.2% APRpaid last 24h +0.011%

Price spread now: Phoenix against Binance+0.240%55s7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as 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−$390.394% of the position

Long on Binance Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.240%, 7d avg −0.045%

Together, before fees−0.154%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.285% dearer against Binance than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.045%. The two prices were read 55 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	Binance INTCUSDT	121.11	0.0123	pay 0.0123% / 8h	3h 18m	$71.3M	$399.5M	25x
Short	Phoenix INTC	121.40	0.0326	get 0.0041% / 1h	18m 27s	$47K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. 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 BinancebpFee PhoenixbpOrdersPrice spread, now +0.240%Rate

Funding earned: $42.67
Price spread: +0.240% → −0.045%: $28.49
Slippage, 4 orders: −$22.37
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $31.79
Costs to cover: 0.394%
Break-even: 1.8 days

Slippage from Binance: live order book, 10 min ago; Phoenix: live order book, 32 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 Binance live order book, 10 min ago	0.41 bp	6.5 bp −$6	10.9 bp −$109	33.1 bp −$3,310	160.7 bp −$80.3K
Sell Phoenix live order book, 32 min ago	4.09 bp	13.2 bp −$13	28.8 bp −$288	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	−0.0360%	8h	121.21	+0.083%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0060%	1h	121.04	−0.055%	$169K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.12	+0.009%	$304K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.09	−0.016%	$12.8M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.08	−0.024%	$8.4M	$30.2M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.09	−0.016%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.20	+0.075%	$1.7M	$50K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0009%	8h	121.46	+0.290%	$910K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.10	−0.007%	$659K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.191%	$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
Arcus INTC-USD	+0.0040%	1h	121.23	+0.100%	$92K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0044%	1h	121.26	+0.129%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.86	−0.206%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.16	+0.038%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.97	−0.115%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0053%	8h	121.11	+0.001%	$18.2M	$67.6M	25x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.10	−0.007%	$1.5M	$11.7M	10x	as long as short
Variational Omni INTC	+0.0085%	8h	121.45	+0.285%	$2.1M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0100%	8h	121.08	−0.026%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.46	+0.290%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.11	+0.001%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.16	+0.044%	$49K	—	10x	as long as short
edgeX INTCUSDC	+0.0113%	4h	121.46	+0.289%	$86K	$294K	10x	as long as short
Binance INTCUSDTlong	+0.0123%	8h	121.11	long leg	$71.3M	$399.5M	25x
Extended INTC_24_5-USD	+0.0128%	1h	121.07	−0.035%	$336K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0154%	1h	121.10	−0.007%	$208K	$486K	10x	as long as short
KuCoin INTCUSDTM	+0.0159%	8h	121.14	+0.026%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0176%	1h	121.13	+0.018%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	121.39	+0.232%	$256K	$827K	10x	as long as short
BloFin INTC-USDT	+0.0244%	8h	121.15	+0.034%	$909K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0292%	1h	121.09	−0.016%	$145.0M	$66.8M	10x	as long as short
Phoenix INTCshort	+0.0326%	1h	121.40	+0.240%	$47K	$265K	10x
RISEx INTC/USDC	+0.0459%	1h	121.11	+0.005%	$342K	$345K	10x	as long as short