Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0894%/8h= +97.9% APRpaid last 24h +0.110%

Price spread now: edgeX against Phemex+0.241%78s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1141.137% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.098%+$110 on $10k

Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.241%, 7d avg −0.012%

Together, before fees+0.772%+ Points / potential airdropedgeX: Active · farm board+$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and edgeX is 0.253% dearer against Phemex than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.012%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	121.95	0	get 0.0000% / 8h	4h 57m	$1.7M	$49K	10x
Short	edgeX INTCUSDC	122.24	0.0894	get 0.0447% / 4h	57m 57s	$86K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now +0.241%Rate

Funding earned: $187.68
Price spread: +0.241% → −0.012%: $25.32
Slippage, 4 orders: −$92.69
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $99.32
Costs to cover: 1.137%
Break-even: 3.3 days

Slippage from Phemex: live order book, 3 min ago; edgeX: live order book, 48 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 Phemex live order book, 3 min ago	2.86 bp	45.2 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 48 min ago	5.73 bp	10.9 bp −$11	20.1 bp −$201	doesn't fit	doesn't fit

INTC on 33 exchanges

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	122.07	+0.097%	$449K	$687K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.94	−0.008%	$12.9M	$28.2M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.94	−0.008%	$8.3M	$30.6M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.86	−0.074%	$20K	$97K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	121.95	long leg	$1.7M	$49K	10x
Nado INTC-PERP	+0.0027%	1h	121.92	−0.022%	$157K	$285K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.92	−0.025%	$651K	$2.6M	10x	as long as short
Aftermath Perps INTCUSD	+0.0032%	1h	122.10	+0.127%	$2K	$54K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.500%	$213	$16K	12x	as long as short
OKX INTC-USDT-SWAP	+0.0037%	8h	121.91	−0.033%	$18.4M	$67.6M	25x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	121.98	+0.025%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.86	−0.074%	$218K	$513K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.95	0.000%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.15	+0.164%	$1.2M	$2.6M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	121.94	−0.008%	$1.2M	$9.5M	10x	as long as short
Paradex INTC-USD-PERP	+0.0078%	8h	122.00	+0.041%	—	—	5x	as long as short
Bitget INTCUSDT	+0.0100%	8h	121.99	+0.033%	$25.2M	$30.8M	50x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.31	+0.295%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.93	−0.016%	$4K	$3K	10x	as long as short
Arcus INTC-USD	+0.0103%	1h	121.88	−0.057%	$87K	$246K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0104%	1h	121.83	−0.098%	$254K	$903K	10x	as long as short
Variational Omni INTC	+0.0110%	8h	122.27	+0.260%	$1.8M	$2.7M	—	as long as short
GRVT INTC_USDT_Perp	+0.0112%	8h	122.29	+0.278%	$916K	$1.4M	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	121.94	−0.010%	$49K	—	10x	as long as short
tradeXYZ xyz:INTC	+0.0145%	1h	121.96	+0.008%	$146.8M	$49.6M	10x	as long as short
Binance INTCUSDT	+0.0151%	8h	121.92	−0.025%	$70.8M	$394.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	121.90	−0.043%	$338K	$1.9M	10x	as long as short
KuCoin INTCUSDTM	+0.0173%	8h	121.96	+0.008%	$1.1M	$324K	20x	as long as short
Phoenix INTC	+0.0196%	1h	122.26	+0.254%	$47K	$211K	10x	as long as short
Lighter INTC	+0.0200%	1h	121.96	+0.007%	$1.4M	$1.6M	10x	as long as short
BloFin INTC-USDT	+0.0269%	8h	122.37	+0.344%	$932K	$342K	25x	as long as short
RISEx INTC/USDC	+0.0374%	1h	121.98	+0.023%	$323K	$288K	10x	as long as short
edgeX INTCUSDCshort	+0.0894%	4h	122.24	+0.241%	$86K	$299K	10x