Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: Phemex against Deribit+0.049%7-day average +0.048% · 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−$100as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on Deribit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.128%−$13 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.049%, 7d avg +0.048%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INTC_USDC-PERPETUAL	121.34	0	get 0.0000% / 1h	9m 36s	$20K	$110K	10x
Short	Phemex INTCUSDT	121.40	0	get 0.0000% / 8h	9m 36s	$1.7M	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Deribit. 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 DeribitbpFee PhemexbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.048%: $0.12
Slippage, 4 orders: −$81.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$99.92
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from Deribit: live order book, 29 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 Deribit live order book, 29 min ago	0.41 bp	10.5 bp −$11	13.2 bp −$132	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.88 bp	41.9 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
Bitget INTCUSDT	−0.0304%	8h	121.49	+0.124%	$25.3M	$32.4M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.27	−0.054%	$429K	$671K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.36	+0.016%	$12.9M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.34	0.000%	$8.3M	$31.3M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.31	−0.025%	$909K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUALlong	0.0000%	1h	121.34	long leg	$20K	$110K	10x
Phemex INTCUSDTshort	0.0000%	8h	121.40	+0.049%	$1.7M	$49K	10x
Variational Omni INTC	+0.0010%	8h	121.32	−0.017%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0020%	8h	121.33	−0.008%	$18.2M	$67.9M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.37	+0.025%	$671K	$2.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective INTC/USDC PERP	+0.0033%	1h	121.34	0.000%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	121.19	−0.121%	$2K	$54K	10x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.32	−0.016%	$1.3M	$10.0M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.25	−0.074%	$91K	$290K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.34	0.000%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.37	+0.028%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.34	0.000%	$1.2M	$2.5M	10x	as long as short
Binance INTCUSDT	+0.0055%	8h	121.36	+0.020%	$69.6M	$397.0M	25x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	121.34	−0.004%	$334K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.92	−0.346%	$245K	$819K	10x	as long as short
Polymarket Perps INTC-USD	+0.0076%	1h	121.40	+0.049%	$217K	$549K	10x	as long as short
Paradex INTC-USD-PERP	+0.0083%	8h	121.32	−0.020%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.40	+0.050%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.34	0.000%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.38	+0.033%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0111%	1h	121.33	−0.011%	$157K	$296K	10x	as long as short
KuCoin INTCUSDTM	+0.0124%	8h	121.31	−0.025%	$1.1M	$114K	20x	as long as short
BloFin INTC-USDT	+0.0175%	8h	121.23	−0.091%	$902K	$309K	25x	as long as short
Phoenix INTC	+0.0198%	1h	121.23	−0.091%	$47K	$236K	10x	as long as short
Lighter INTC	+0.0224%	1h	121.38	+0.032%	$1.4M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.40	+0.048%	$318K	$316K	10x	as long as short
tradeXYZ xyz:INTC	+0.0289%	1h	121.36	+0.016%	$146.5M	$60.0M	10x	as long as short
edgeX INTCUSDC	+0.0733%	4h	121.20	−0.114%	$86K	$297K	10x	as long as short