Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.091%

Price spread now: Phemex against Nado+0.245%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1101.101% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.152%−$15 on $10k

Price spread, last 3 days (all we have)−0.174%−$17 · spread now +0.245%, 7d avg +0.035%

Together, before fees−0.326%+ Points / potential airdropNado: Active · farm board−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.210% dearer against Nado than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado INTC-PERP	123.19	−0.0005	get 0.0001% / 1h	56m 31s	$175K	$262K	10x
Short	Phemex INTCUSDT	123.49	0	get 0.0000% / 8h	6h 56m	$1.7M	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Nado. 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 NadobpFee PhemexbpOrdersPrice spread, now +0.245%Rate

Funding earned: $0.97
Price spread: +0.245% → +0.035%: $20.96
Slippage, 4 orders: −$91.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$88.13
Costs to cover: 1.101%
Break-even: 642.4 days

Slippage from Nado: live order book, 11 min ago; Phemex: live order book, 2 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 Nado live order book, 11 min ago	1.21 bp	10.7 bp −$11	29.5 bp −$295	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.83 bp	39.4 bp −$39	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
Nado INTC-PERPlong	−0.0005%	1h	123.19	long leg	$175K	$262K	10x
Aster INTCUSDT	0.0000%	8h	123.34	+0.122%	$318K	$516K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.18	−0.007%	$13.4M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.34	+0.123%	$8.4M	$29.9M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.41	+0.180%	$21K	$107K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	123.49	+0.245%	$1.7M	$51K	10x
GRVT INTC_USDT_Perp	+0.0016%	8h	123.71	+0.425%	$927K	$1.4M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0026%	8h	123.17	−0.015%	$18.6M	$67.4M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	123.24	+0.042%	$615K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.500%	$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	123.53	+0.277%	$94K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	123.54	+0.287%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.30	+0.091%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	123.17	−0.015%	$212K	$472K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.49	+0.247%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.14	−0.039%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.29	+0.083%	$1.7M	$13.4M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	123.53	+0.277%	$261K	$1.0M	10x	as long as short
Paradex INTC-USD-PERP	+0.0088%	8h	123.20	+0.008%	—	—	5x	as long as short
Bitget INTCUSDT	+0.0089%	8h	123.29	+0.083%	$25.5M	$32.2M	50x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.71	+0.424%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.48	+0.237%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.48	+0.240%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0129%	8h	123.72	+0.434%	$2.2M	$2.5M	—	as long as short
tradeXYZ xyz:INTC	+0.0139%	1h	123.19	+0.001%	$147.4M	$70.1M	10x	as long as short
Binance INTCUSDT	+0.0163%	8h	123.21	+0.018%	$72.1M	$400.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0168%	1h	123.28	+0.072%	$349K	$1.8M	10x	as long as short
Lighter INTC	+0.0248%	1h	123.29	+0.083%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0258%	1h	123.77	+0.472%	$48K	$244K	10x	as long as short
KuCoin INTCUSDTM	+0.0262%	8h	123.29	+0.083%	$1.2M	$54K	20x	as long as short
BloFin INTC-USDT	+0.0287%	8h	123.24	+0.042%	$914K	$309K	25x	as long as short
RISEx INTC/USDC	+0.0423%	1h	123.27	+0.065%	$341K	$379K	10x	as long as short
edgeX INTCUSDC	+0.0955%	4h	123.76	+0.464%	$88K	$289K	10x	as long as short