Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.041%

Price spread now: Phemex against Extended+0.065%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1051.046% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$23 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.065%, 7d avg +0.039%

Together, before fees−0.192%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.025% dearer against Extended than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.039%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended INTC_24_5-USD	122.06	0.0152	pay 0.0019% / 1h	45m 11s	$338K	$1.9M	10x
Short	Phemex INTCUSDT	122.14	0	get 0.0000% / 8h	5h 45m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$31.92
Price spread: +0.065% → +0.039%: $2.53
Slippage, 4 orders: −$87.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$134.03
Costs to cover: 1.046%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Phemex: live order book, 1 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 Extended live order book, 1 min ago	0.37 bp	4.2 bp −$4	16.9 bp −$169	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	5.73 bp	46.3 bp −$46	doesn't fit	doesn't fit	doesn't fit

INTC on 33 exchanges

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
Aster INTCUSDT	0.0000%	8h	122.15	+0.070%	$448K	$689K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.05	−0.009%	$12.9M	$28.2M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	122.14	+0.065%	$8.2M	$30.9M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	122.18	+0.097%	$25.4M	$30.9M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.00	−0.050%	$20K	$98K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	122.14	+0.065%	$1.7M	$50K	10x
Lighter RH INTC	+0.0032%	1h	122.07	+0.007%	$664K	$2.6M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.591%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0037%	1h	122.19	+0.105%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.16	+0.081%	—	$1.5M	25x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX INTC-USD	+0.0050%	1h	122.09	+0.020%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.89	−0.140%	$1.2M	$2.6M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	122.12	+0.048%	$18.4M	$67.9M	25x	as long as short
Polymarket Perps INTC-USD	+0.0059%	1h	122.06	−0.001%	$218K	$511K	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	122.16	+0.081%	$1.2M	$9.5M	10x	as long as short
Paradex INTC-USD-PERP	+0.0097%	8h	122.10	+0.034%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.31	+0.204%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.07	+0.007%	$4K	$3K	10x	as long as short
Variational Omni INTC	+0.0107%	8h	122.20	+0.117%	$1.9M	$2.7M	—	as long as short
Nado INTC-PERP	+0.0117%	1h	122.09	+0.028%	$157K	$283K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	122.08	+0.012%	$49K	—	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0120%	1h	122.07	+0.007%	$254K	$908K	10x	as long as short
Binance INTCUSDT	+0.0152%	8h	122.08	+0.019%	$70.8M	$396.0M	25x	as long as short
Extended INTC_24_5-USDlong	+0.0152%	1h	122.06	long leg	$338K	$1.9M	10x
edgeX INTCUSDC	+0.0163%	4h	122.33	+0.220%	$87K	$298K	10x	as long as short
Phoenix INTC	+0.0196%	1h	122.48	+0.343%	$47K	$211K	10x	as long as short
KuCoin INTCUSDTM	+0.0199%	8h	122.11	+0.040%	$1.1M	$270K	20x	as long as short
Arcus INTC-USD	+0.0199%	1h	122.11	+0.040%	$87K	$246K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0218%	8h	122.40	+0.278%	$917K	$1.4M	10x	as long as short
tradeXYZ xyz:INTC	+0.0220%	1h	122.06	−0.001%	$147.0M	$51.5M	10x	as long as short
Lighter INTC	+0.0264%	1h	122.10	+0.035%	$1.4M	$1.6M	10x	as long as short
BloFin INTC-USDT	+0.0273%	8h	122.19	+0.106%	$923K	$341K	25x	as long as short
RISEx INTC/USDC	+0.0415%	1h	122.23	+0.138%	$322K	$288K	10x	as long as short