Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.28 per $10,000 · paid last 24h −0.038%
Price spread now: Phemex against OKX+0.008%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$980.979% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.008%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.021% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INTC-USDT-SWAP | 122.75 | 0.0028 | pay 0.0028% / 8h | 5h 48m | $18.6M | $67.2M | 25x |
| Short | Phemex INTCUSDT | 122.76 | 0 | get 0.0000% / 8h | 5h 48m | $1.7M | $50K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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
- −$5.79
- Price spread: +0.008% → +0.029%
- −$2.05
- Slippage, 4 orders
- −$75.91
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$105.76
- Costs to cover
- 0.979%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago | 0.81 bp | 6.6 bp −$7 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.22 bp | 44.2 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
INTC on 32 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-PERP | −0.0113% | 1h | 122.62 | −0.104% | $172K | $285K | 10x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 122.73 | −0.018% | $305K | $524K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.76 | +0.008% | $13.3M | $28.2M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.71 | −0.033% | $8.5M | $30.1M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 122.80 | +0.041% | $25.4M | $32.1M | 50x | as long as short |
| Phemex INTCUSDTshort | 0.0000% | 8h | 122.76 | +0.008% | $1.7M | $50K | 10x | |
| edgeX INTCUSDC | +0.0024% | 4h | 122.83 | +0.069% | $87K | $291K | 10x | as long as short |
| OKX INTC-USDT-SWAPlong | +0.0028% | 8h | 122.75 | long leg | $18.6M | $67.2M | 25x | |
| Lighter RH INTC | +0.0032% | 1h | 122.73 | −0.016% | $649K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −1.149% | $213 | $22K | 12x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus INTC-USD | +0.0040% | 1h | 122.80 | +0.041% | $93K | $308K | 10x | as long as short |
| Aftermath Perps INTCUSD | +0.0041% | 1h | 122.70 | −0.038% | $2K | $52K | 10x | as long as short |
| GRVT INTC_USDT_Perp | +0.0045% | 8h | 122.98 | +0.188% | $922K | $1.4M | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.65 | −0.081% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 122.73 | −0.019% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.83 | +0.065% | $1.3M | $2.1M | 10x | as long as short |
| QFEX INTC-USD | +0.0057% | 1h | 122.67 | −0.065% | $1.6M | $12.8M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUAL | +0.0076% | 1h | 122.64 | −0.090% | $21K | $107K | 10x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.92 | +0.138% | $45K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.67 | −0.065% | $4K | $3K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0109% | 8h | 122.65 | −0.084% | — | — | 5x | as long as short |
| Variational Omni INTC | +0.0118% | 8h | 122.94 | +0.156% | $2.1M | $2.5M | — | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 122.71 | −0.032% | $49K | — | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0152% | 1h | 122.73 | −0.020% | $341K | $1.8M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0152% | 1h | 122.57 | −0.147% | $258K | $925K | 10x | as long as short |
| Binance INTCUSDT | +0.0154% | 8h | 122.75 | 0.000% | $72.3M | $400.2M | 25x | as long as short |
| KuCoin INTCUSDTM | +0.0186% | 8h | 122.73 | −0.016% | $1.1M | $104K | 20x | as long as short |
| Polymarket Perps INTC-USD | +0.0195% | 1h | 122.70 | −0.041% | $211K | $481K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0245% | 1h | 122.71 | −0.033% | $146.6M | $68.8M | 10x | as long as short |
| Phoenix INTC | +0.0261% | 1h | 122.94 | +0.155% | $47K | $265K | 10x | as long as short |
| RISEx INTC/USDC | +0.0264% | 1h | 122.75 | −0.002% | $346K | $383K | 10x | as long as short |
| Lighter INTC | +0.0360% | 1h | 122.75 | +0.004% | $1.5M | $2.0M | 10x | as long as short |
OKX INTC-USDT-SWAP
Phemex INTCUSDT
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
edgeX INTCUSDC
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
GRVT INTC_USDT_Perp
SoDEX INTC-USD
Deribit INTC_USDC-PERPETUAL
ApeX Omni INTCUSDT
Paradex INTC-USD-PERP
Variational Omni INTC
Extended INTC_24_5-USD
Coinbase International INTC-PERP-INTX
Binance INTCUSDT
KuCoin INTCUSDTM
Polymarket Perps INTC-USD
tradeXYZ xyz:INTC
Phoenix INTC
RISEx INTC/USDC
Lighter INTC