Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.103%

Price spread now: Phemex against Lighter−0.047%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.508%−$51 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.047%, 7d avg −0.001%

Together, before fees−0.419%+ Points / potential airdropLighter: Season 3 · farm board−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.046% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter INTC	123.87	0.0280	pay 0.0035% / 1h	23m 13s	$1.5M	$1.8M	10x
Short	Phemex INTCUSDT	123.81	0	get 0.0000% / 8h	7h 23m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Lighter. 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 LighterbpFee PhemexbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$58.8
Price spread: −0.047% → −0.001%: −$4.56
Slippage, 4 orders: −$80.65
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$156
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Phemex: live order book, 5 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 Lighter live order book, 3 min ago	1.25 bp	1.4 bp −$1	4.9 bp −$49	31.7 bp −$3,165	doesn't fit
Sell Phemex live order book, 5 min ago	2.82 bp	43.5 bp −$44	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
Aster INTCUSDT	0.0000%	8h	123.78	−0.074%	$318K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.78	−0.071%	$13.3M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.78	−0.071%	$8.5M	$30.7M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.74	−0.103%	$21K	$107K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	123.81	−0.047%	$1.7M	$50K	10x
Nado INTC-PERP	+0.0009%	1h	123.71	−0.130%	$170K	$245K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	−0.006%	$264K	$1.1M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0032%	8h	123.83	−0.031%	$18.6M	$67.8M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	123.83	−0.031%	$615K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.041%	$213	$22K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0038%	1h	123.84	−0.025%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.87	+0.002%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.79	−0.061%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.73	−0.111%	$1.8M	$14.2M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.67	−0.160%	$1.3M	$2.2M	10x	as long as short
Paradex INTC-USD-PERP	+0.0098%	8h	123.68	−0.149%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	124.20	+0.268%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.76	−0.087%	$5K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0120%	1h	123.74	−0.103%	$213K	$471K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.80	−0.057%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.04	+0.143%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0175%	8h	123.78	−0.074%	$72.4M	$402.6M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0175%	8h	124.03	+0.130%	$929K	$1.4M	10x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	123.75	−0.093%	$352K	$1.8M	10x	as long as short
Phoenix INTC	+0.0258%	1h	124.07	+0.163%	$48K	$256K	10x	as long as short
Bitget INTCUSDT	+0.0263%	8h	123.82	−0.039%	$25.6M	$32.7M	50x	as long as short
KuCoin INTCUSDTM	+0.0268%	8h	123.81	−0.047%	$1.2M	$53K	20x	as long as short
Lighter INTClong	+0.0280%	1h	123.87	long leg	$1.5M	$1.8M	10x
edgeX INTCUSDC	+0.0281%	4h	123.97	+0.081%	$88K	$290K	10x	as long as short
tradeXYZ xyz:INTC	+0.0284%	1h	123.82	−0.039%	$147.7M	$69.9M	10x	as long as short
BloFin INTC-USDT	+0.0295%	8h	123.81	−0.047%	$920K	$310K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.87	+0.002%	$95K	$306K	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.80	−0.053%	$343K	$379K	10x	as long as short