Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: Phemex against Lighter RH+0.149%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$880.883% of the position

Long on Lighter RH Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.149%, 7d avg +0.036%

Together, before fees−0.207%+ Points / potential airdropLighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.113% dearer against Lighter RH than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.036%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH INTC	120.97	0.0032	pay 0.0004% / 1h	3m 25s	$661K	$2.9M	10x
Short	Phemex INTCUSDT	121.15	0	get 0.0000% / 8h	3h 03m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Lighter RH. 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 Lighter RHbpFee PhemexbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$6.72
Price spread: +0.149% → +0.036%: $11.3
Slippage, 4 orders: −$76.28
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$83.7
Costs to cover: 0.883%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 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 RH live order book, 5 min ago	2.07 bp	2.6 bp −$3	5.8 bp −$58	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.07 bp	41.9 bp −$42	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
Bitget INTCUSDT	−0.0605%	8h	120.92	−0.041%	$25.0M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0029%	1h	120.88	−0.073%	$165K	$285K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	120.86	−0.089%	$303K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.76	−0.174%	$12.7M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.86	−0.091%	$8.4M	$30.4M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.72	−0.207%	$20K	$107K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	121.15	+0.149%	$1.7M	$50K	10x
GRVT INTC_USDT_Perp	+0.0007%	8h	121.07	+0.082%	$907K	$1.4M	10x	as long as short
Lighter RH INTClong	+0.0032%	1h	120.97	long leg	$661K	$2.9M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.306%	$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
Arcus INTC-USD	+0.0040%	1h	120.98	+0.008%	$91K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0044%	1h	120.94	−0.021%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.78	−0.157%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.80	−0.141%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.80	−0.141%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	120.83	−0.116%	$1.5M	$11.4M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0059%	8h	120.79	−0.149%	$18.2M	$67.4M	25x	as long as short
Variational Omni INTC	+0.0078%	8h	121.11	+0.119%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.90	−0.058%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.76	−0.174%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0107%	8h	120.86	−0.093%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	120.78	−0.157%	$49K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	120.76	−0.175%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0122%	8h	120.79	−0.149%	$71.0M	$398.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0141%	1h	120.77	−0.165%	$208K	$491K	10x	as long as short
KuCoin INTCUSDTM	+0.0150%	8h	120.92	−0.041%	$1.1M	$106K	20x	as long as short
Lighter INTC	+0.0192%	1h	120.90	−0.060%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	120.71	−0.215%	$255K	$821K	10x	as long as short
BloFin INTC-USDT	+0.0241%	8h	121.04	+0.058%	$906K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0286%	1h	120.78	−0.157%	$144.7M	$66.2M	10x	as long as short
Phoenix INTC	+0.0326%	1h	120.92	−0.041%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	120.90	−0.061%	$328K	$354K	10x	as long as short
edgeX INTCUSDC	+0.0772%	4h	121.07	+0.080%	$86K	$294K	10x	as long as short