Funding you earn now, next payment 05:00 UTC+0.0265%/8h= +29.1% APRnext payment +$0.33 per $10,000 · paid last 24h +0.051%
Price spread now: Phoenix against Deribit+0.149%7-day average +0.010% · 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−$30as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 5 days (all we have)+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.149%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.139% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit INTC_USDC-PERPETUAL | 121.01 | 0 | get 0.0000% / 1h | 46m 30s | $20K | $107K | 10x |
| Short | Phoenix INTC | 121.19 | 0.0265 | get 0.0033% / 1h | 46m 30s | $47K | $240K | 10x |
Deribit INTC_USDC-PERPETUAL
Phoenix INTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Deribit. 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
- $55.74
- Price spread: +0.149% → +0.010%
- $13.92
- Slippage, 4 orders
- −$30.18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $25.47
- Costs to cover
- 0.442%
- Break-even
- 3.8 days
Slippage from Deribit: live order book, 2 min ago; Phoenix: live order book, 64 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, 2 min ago | 4.13 bp | 8.5 bp −$8 | 10.4 bp −$104 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 64 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 | −0.0723% | 8h | 121.22 | +0.174% | $25.1M | $31.9M | 50x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 121.15 | +0.112% | $300K | $543K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 121.11 | +0.083% | $12.9M | $28.8M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 121.13 | +0.099% | $8.5M | $30.1M | 75x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 121.26 | +0.208% | $908K | $1.5M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUALlong | 0.0000% | 1h | 121.01 | long leg | $20K | $107K | 10x | |
| Phemex INTCUSDT | 0.0000% | 8h | 121.10 | +0.074% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 121.13 | +0.099% | $660K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | +0.273% | $213 | $22K | 12x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 121.11 | +0.083% | $92K | $307K | 10x | as long as short |
Bitget INTCUSDT
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
GRVT INTC_USDT_Perp
Phemex INTCUSDT
Lighter RH INTC
Injective INTC/USDC PERP
Arcus INTC-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps INTCUSD | +0.0042% | 1h | 121.06 | +0.040% | $2K | $54K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 121.05 | +0.033% | — | $1.5M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0050% | 1h | 121.09 | +0.066% | $208K | $496K | 10x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 121.09 | +0.070% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 120.97 | −0.033% | $1.2M | $2.3M | 10x | as long as short |
| QFEX INTC-USD | +0.0052% | 1h | 121.11 | +0.083% | $1.4M | $11.2M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0054% | 8h | 121.09 | +0.066% | $18.2M | $67.8M | 25x | as long as short |
| Variational Omni INTC | +0.0074% | 8h | 121.24 | +0.193% | $2.1M | $2.5M | — | as long as short |
| Paradex INTC-USD-PERP | +0.0098% | 8h | 121.10 | +0.075% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 121.16 | +0.124% | $47K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 121.05 | +0.033% | $4K | $3K | 10x | as long as short |
| Nado INTC-PERP | +0.0102% | 1h | 121.04 | +0.027% | $160K | $288K | 10x | as long as short |
| Binance INTCUSDT | +0.0108% | 8h | 121.09 | +0.066% | $70.8M | $399.9M | 25x | as long as short |
| Extended INTC_24_5-USD | +0.0112% | 1h | 121.11 | +0.083% | $336K | $1.9M | 10x | as long as short |
| Aevo INTC-PERP | +0.0112% | 1h | 121.08 | +0.060% | $49K | — | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0140% | 8h | 121.16 | +0.124% | $1.1M | $107K | 20x | as long as short |
| Lighter INTC | +0.0184% | 1h | 121.15 | +0.112% | $1.4M | $2.0M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0184% | 1h | 120.38 | −0.521% | $250K | $838K | 10x | as long as short |
| RISEx INTC/USDC | +0.0215% | 1h | 121.15 | +0.118% | $316K | $354K | 10x | as long as short |
| BloFin INTC-USDT | +0.0228% | 8h | 121.11 | +0.083% | $904K | $307K | 25x | as long as short |
| tradeXYZ xyz:INTC | +0.0259% | 1h | 121.09 | +0.066% | $145.0M | $65.8M | 10x | as long as short |
| Phoenix INTCshort | +0.0265% | 1h | 121.19 | +0.149% | $47K | $240K | 10x | |
| edgeX INTCUSDC | +0.0993% | 4h | 121.18 | +0.138% | $86K | $295K | 10x | as long as short |
Aftermath Perps INTCUSD
Vest INTC-USD-PERP
Polymarket Perps INTC-USD
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
OKX INTC-USDT-SWAP
Variational Omni INTC
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Nado INTC-PERP
Binance INTCUSDT
Extended INTC_24_5-USD
Aevo INTC-PERP
KuCoin INTCUSDTM
Lighter INTC
Coinbase International INTC-PERP-INTX
RISEx INTC/USDC
BloFin INTC-USDT
tradeXYZ xyz:INTC
edgeX INTCUSDC