Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.026%

Price spread now: Phoenix against KuCoin−0.092%48s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as 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−$1941.940% of the position

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 4 days (all we have)+0.615%+$62 · spread now −0.092%, 7d avg 0.000%

Together, before fees+0.768%+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.092% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of 0.000%). If the spread goes back, that is −$9 on $10k: about 2.5 days of funding at the current rate (+$4 a day). The two prices were read 48 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	KuCoin INTCUSDTM	120.17	0.0139	pay 0.0139% / 8h	7h 20m	$1.1M	$169K	20x
Short	Phoenix INTC	120.06	0.0264	get 0.0033% / 1h	20m 34s	$46K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now −0.092%Rate

Funding earned: $26.2
Price spread: −0.092% → 0.000%: −$9.18
Slippage, 4 orders: −$175.03
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$177.01
Costs to cover: 1.940%
Break-even: 54.3 days

Slippage from KuCoin: live order book, 4 min ago; Phoenix: live order book, 10 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 KuCoin live order book, 4 min ago	10.01 bp	62.2 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 10 min ago	3.35 bp	11.9 bp −$12	26.5 bp −$265	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
Aster INTCUSDT	0.0000%	8h	120.34	+0.145%	$427K	$675K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.39	+0.183%	$12.9M	$28.4M	50x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	120.36	+0.158%	$18.0M	$67.6M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	120.36	+0.158%	$7.9M	$31.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	120.47	+0.250%	$25.3M	$30.5M	50x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.00	−0.142%	$899K	$1.4M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.27	+0.083%	$1.7M	$49K	10x	as long as short
Variational Omni INTC	+0.0015%	8h	120.36	+0.156%	$1.8M	$2.7M	—	as long as short
Lighter RH INTC	+0.0032%	1h	120.37	+0.166%	$662K	$2.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.02	−0.125%	$250K	$880K	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	+0.974%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	119.88	−0.245%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.32	+0.125%	$88K	$288K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.40	+0.191%	—	$1.5M	25x	as long as short
Extended INTC_24_5-USD	+0.0048%	1h	120.32	+0.126%	$334K	$1.9M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.20	+0.027%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.21	+0.033%	$1.2M	$2.6M	10x	as long as short
Binance INTCUSDT	+0.0053%	8h	120.38	+0.173%	$69.1M	$398.7M	25x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.35	+0.150%	$1.3M	$9.7M	10x	as long as short
Polymarket Perps INTC-USD	+0.0063%	1h	120.34	+0.141%	$215K	$512K	10x	as long as short
Nado INTC-PERP	+0.0064%	1h	120.13	−0.036%	$154K	$296K	10x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.24	+0.059%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	119.96	−0.175%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.16	−0.008%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0104%	8h	120.40	+0.190%	—	—	5x	as long as short
Lighter INTC	+0.0112%	1h	120.29	+0.098%	$1.4M	$1.8M	10x	as long as short
KuCoin INTCUSDTMlong	+0.0139%	8h	120.17	long leg	$1.1M	$169K	20x
BloFin INTC-USDT	+0.0165%	8h	120.25	+0.067%	$903K	$331K	25x	as long as short
Phoenix INTCshort	+0.0264%	1h	120.06	−0.092%	$46K	$236K	10x
tradeXYZ xyz:INTC	+0.0266%	1h	120.35	+0.150%	$145.0M	$57.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0333%	1h	120.18	+0.008%	$20K	$105K	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.38	+0.174%	$316K	$312K	10x	as long as short
edgeX INTCUSDC	+0.0979%	4h	119.96	−0.177%	$85K	$296K	10x	as long as short