Funding you earn now, next payment 05:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.041%
Price spread now: Phoenix against Coinbase International+0.723%72s7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$480.478% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.794%−$79 · spread now +0.723%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.666% dearer against Coinbase International than usual: you sell high and buy low: +$67 more if the spread goes back to its 7-day average of +0.056%. The two prices were read 72 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 | Coinbase International INTC-PERP-INTX | 120.38 | 0.0184 | pay 0.0023% / 1h | 47m 35s | $250K | $838K | 10x |
| Short | Phoenix INTC | 121.25 | 0.0265 | get 0.0033% / 1h | 47m 35s | $47K | $240K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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
- $17.1
- Price spread: +0.723% → +0.056%
- $66.63
- Slippage, 4 orders
- −$30.83
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $35.89
- Costs to cover
- 0.478%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 51 min ago; Phoenix: live order book, 63 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 Coinbase International live order book, 51 min ago | 5.36 bp | 11.0 bp −$11 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 63 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 | −0.0721% | 8h | 121.18 | +0.665% | $25.1M | $31.9M | 50x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 121.14 | +0.627% | $300K | $543K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 121.10 | +0.598% | $12.9M | $28.8M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 121.07 | +0.573% | $8.5M | $30.1M | 75x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 121.26 | +0.732% | $908K | $1.5M | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 121.16 | +0.648% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 121.09 | +0.590% | $660K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | +0.797% | $213 | $22K | 12x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 121.13 | +0.623% | $92K | $307K | 10x | as long as short |
| Aftermath Perps INTCUSD | +0.0041% | 1h | 121.15 | +0.637% | $2K | $54K | 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 | 121.09 | +0.590% | — | $1.5M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0050% | 1h | 121.22 | +0.698% | $208K | $496K | 10x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 121.19 | +0.669% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 120.97 | +0.490% | $1.2M | $2.4M | 10x | as long as short |
| QFEX INTC-USD | +0.0052% | 1h | 121.06 | +0.565% | $1.4M | $11.2M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0053% | 8h | 121.11 | +0.606% | $18.2M | $67.8M | 25x | as long as short |
| Variational Omni INTC | +0.0074% | 8h | 121.24 | +0.718% | $2.1M | $2.5M | — | as long as short |
| Deribit INTC_USDC-PERPETUAL | +0.0080% | 1h | 121.14 | +0.631% | $20K | $107K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0097% | 8h | 121.07 | +0.576% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 121.16 | +0.648% | $47K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 121.18 | +0.665% | $4K | $3K | 10x | as long as short |
| Nado INTC-PERP | +0.0103% | 1h | 121.03 | +0.542% | $160K | $288K | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0104% | 1h | 121.07 | +0.575% | $336K | $1.9M | 10x | as long as short |
| Binance INTCUSDT | +0.0108% | 8h | 121.11 | +0.602% | $70.7M | $400.1M | 25x | as long as short |
| Aevo INTC-PERP | +0.0112% | 1h | 121.20 | +0.682% | $49K | — | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0139% | 8h | 121.13 | +0.623% | $1.1M | $107K | 20x | as long as short |
| Lighter INTC | +0.0168% | 1h | 121.08 | +0.584% | $1.4M | $2.0M | 10x | as long as short |
| Coinbase International INTC-PERP-INTXlong | +0.0184% | 1h | 120.38 | long leg | $250K | $838K | 10x | |
| RISEx INTC/USDC | +0.0215% | 1h | 121.13 | +0.626% | $316K | $354K | 10x | as long as short |
| BloFin INTC-USDT | +0.0228% | 8h | 121.14 | +0.631% | $904K | $307K | 25x | as long as short |
| tradeXYZ xyz:INTC | +0.0253% | 1h | 121.06 | +0.565% | $144.9M | $65.8M | 10x | as long as short |
| Phoenix INTCshort | +0.0265% | 1h | 121.25 | +0.723% | $47K | $240K | 10x | |
| edgeX INTCUSDC | +0.0993% | 4h | 121.18 | +0.662% | $86K | $295K | 10x | as long as short |
Coinbase International INTC-PERP-INTX
Phoenix INTC
Bitget INTCUSDT
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
GRVT INTC_USDT_Perp
Phemex INTCUSDT
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
Polymarket Perps INTC-USD
SoDEX INTC-USD
OKX INTC-USDT-SWAP
Variational Omni INTC
Deribit INTC_USDC-PERPETUAL
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Extended INTC_24_5-USD
Binance INTCUSDT
KuCoin INTCUSDTM
Lighter INTC
RISEx INTC/USDC
BloFin INTC-USDT
tradeXYZ xyz:INTC
edgeX INTCUSDC