Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.086%

Price spread now: Nado against Phemex−0.071%7-day average −0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1101.099% of the position

Long on Phemex Short on Nado

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)+0.016%+$2 · spread now −0.071%, 7d avg −0.035%

Together, before fees+0.168%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.037% cheaper against Phemex than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.035%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.152% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	122.56	0	get 0.0000% / 8h	6h 34m	$1.7M	$51K	10x
Short	Nado INTC-PERP	122.47	0.0053	get 0.0007% / 1h	34m 21s	$171K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.071%Rate

Funding earned: $11.2
Price spread: −0.071% → −0.035%: −$3.69
Slippage, 4 orders: −$90.89
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$102.38
Costs to cover: 1.099%
Break-even: 71.0 days

Slippage from Phemex: live order book, 4 min ago; Nado: live order book, 33 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, 4 min ago	1.63 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 33 min ago	1.21 bp	20.9 bp −$21	33.5 bp −$335	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
Aster INTCUSDT	0.0000%	8h	122.63	+0.061%	$305K	$527K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.55	−0.008%	$13.2M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	122.55	−0.008%	$8.5M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	122.62	+0.049%	$25.3M	$32.2M	50x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	122.83	+0.219%	$920K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.50	−0.049%	$21K	$107K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	122.56	long leg	$1.7M	$51K	10x
OKX INTC-USDT-SWAP	+0.0008%	8h	122.55	−0.008%	$18.5M	$67.2M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	122.63	+0.057%	$616K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.995%	$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
Aftermath Perps INTCUSD	+0.0040%	1h	122.61	+0.043%	$2K	$52K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	122.57	+0.008%	$93K	$308K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.48	−0.065%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	122.55	−0.008%	$211K	$473K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.54	−0.016%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.42	−0.114%	$1.3M	$2.2M	10x	as long as short
Nado INTC-PERPshort	+0.0053%	1h	122.47	−0.071%	$171K	$278K	10x
QFEX INTC-USD	+0.0055%	1h	122.57	+0.008%	$1.7M	$13.2M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.89	+0.269%	$259K	$1.0M	10x	as long as short
Paradex INTC-USD-PERP	+0.0080%	8h	122.59	+0.027%	—	—	5x	as long as short
Variational Omni INTC	+0.0099%	8h	122.51	−0.044%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.56	0.000%	$45K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.58	+0.016%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	122.55	−0.005%	$49K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0136%	1h	122.55	−0.009%	$340K	$1.8M	10x	as long as short
Binance INTCUSDT	+0.0138%	8h	122.59	+0.024%	$71.6M	$401.9M	25x	as long as short
Phoenix INTC	+0.0194%	1h	122.75	+0.155%	$47K	$245K	10x	as long as short
tradeXYZ xyz:INTC	+0.0232%	1h	122.52	−0.033%	$146.2M	$69.9M	10x	as long as short
edgeX INTCUSDC	+0.0237%	4h	122.78	+0.184%	$87K	$291K	10x	as long as short
KuCoin INTCUSDTM	+0.0252%	8h	122.64	+0.065%	$1.2M	$55K	20x	as long as short
BloFin INTC-USDT	+0.0264%	8h	123.03	+0.383%	$923K	$309K	25x	as long as short
Lighter INTC	+0.0272%	1h	122.64	+0.061%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0423%	1h	122.60	+0.031%	$346K	$384K	10x	as long as short