Funding you earn now, next payment 05:00 UTC+0.0129%/8h= +14.2% APRnext payment +$0.16 per $10,000 · paid last 24h −0.017%
Price spread now: Phoenix against Lighter+0.303%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.303%, 7d avg −0.024%
=Together, before fees−0.130%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.327% dearer against Lighter than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.059%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter INTC | 119.97 | 0.0136 | pay 0.0017% / 1h | 24m 40s | $1.4M | $2.0M | 10x |
| Short | Phoenix INTC | 120.33 | 0.0265 | get 0.0033% / 1h | 24m 40s | $46K | $240K | 10x |
Lighter INTC
Phoenix INTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $27.18
- Price spread: +0.303% → −0.024%
- $32.74
- Slippage, 4 orders
- −$26.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $26.69
- Costs to cover
- 0.332%
- Break-even
- 0.1 days
Slippage from Lighter: live order book, 2 min ago; Phoenix: live order book, 20 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, 2 min ago | 3.46 bp | 3.8 bp −$4 | 10.4 bp −$104 | 38.5 bp −$3,853 | doesn't fit |
| Sell Phoenix live order book, 20 min ago | 4.13 bp | 13.0 bp −$13 | 28.5 bp −$285 | 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 | −0.1059% | 8h | 120.16 | +0.162% | $25.0M | $32.2M | 50x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 119.96 | −0.009% | $298K | $543K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 119.99 | +0.020% | $12.8M | $28.8M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 119.90 | −0.055% | $8.1M | $30.6M | 75x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 120.35 | +0.319% | $902K | $1.4M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 119.90 | −0.055% | $20K | $107K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 119.98 | +0.012% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 119.93 | −0.030% | $649K | $2.8M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0033% | 8h | 120.05 | +0.070% | $17.9M | $67.1M | 25x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | +1.145% | $213 | $22K | 12x | as long as short |
Bitget INTCUSDT
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
GRVT INTC_USDT_Perp
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
Lighter RH INTC
OKX INTC-USDT-SWAP
Injective INTC/USDC PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps INTCUSD | +0.0034% | 1h | 120.09 | +0.103% | $2K | $55K | 10x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 119.96 | −0.005% | $91K | $307K | 10x | as long as short |
| Variational Omni INTC | +0.0044% | 8h | 119.86 | −0.088% | $2.1M | $2.5M | — | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 119.80 | −0.138% | — | $1.5M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0050% | 1h | 120.00 | +0.028% | $206K | $499K | 10x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 119.88 | −0.068% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 119.92 | −0.038% | $1.2M | $2.4M | 10x | as long as short |
| QFEX INTC-USD | +0.0052% | 1h | 119.94 | −0.022% | $1.4M | $10.8M | 10x | as long as short |
| Nado INTC-PERP | +0.0073% | 1h | 119.93 | −0.027% | $156K | $288K | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0080% | 1h | 119.84 | −0.108% | $334K | $1.9M | 10x | as long as short |
| Binance INTCUSDT | +0.0080% | 8h | 119.96 | −0.008% | $69.6M | $398.7M | 25x | as long as short |
| Paradex INTC-USD-PERP | +0.0084% | 8h | 119.97 | +0.001% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 119.95 | −0.013% | $46K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 119.90 | −0.055% | $4K | $3K | 10x | as long as short |
| Aevo INTC-PERP | +0.0104% | 1h | 119.95 | −0.014% | $48K | — | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0115% | 8h | 119.97 | +0.003% | $1.1M | $107K | 20x | as long as short |
| Lighter INTClong | +0.0136% | 1h | 119.97 | long leg | $1.4M | $2.0M | 10x | |
| Coinbase International INTC-PERP-INTX | +0.0184% | 1h | 119.97 | +0.003% | $243K | $831K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0188% | 1h | 119.93 | −0.030% | $143.3M | $64.7M | 10x | as long as short |
| BloFin INTC-USDT | +0.0201% | 8h | 119.91 | −0.047% | $897K | $305K | 25x | as long as short |
| RISEx INTC/USDC | +0.0215% | 1h | 119.97 | +0.002% | $313K | $338K | 10x | as long as short |
| Phoenix INTCshort | +0.0265% | 1h | 120.33 | +0.303% | $46K | $240K | 10x | |
| edgeX INTCUSDC | +0.0463% | 4h | 119.99 | +0.018% | $85K | $294K | 10x | as long as short |
Aftermath Perps INTCUSD
Arcus INTC-USD
Variational Omni INTC
Vest INTC-USD-PERP
Polymarket Perps INTC-USD
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
Nado INTC-PERP
Extended INTC_24_5-USD
Binance INTCUSDT
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Aevo INTC-PERP
KuCoin INTCUSDTM
Coinbase International INTC-PERP-INTX
tradeXYZ xyz:INTC
BloFin INTC-USDT
RISEx INTC/USDC
edgeX INTCUSDC