Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: SoDEX against Phemex−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.048% cheaper against Phemex than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	121.15	0	get 0.0000% / 8h	3h 04m	$1.7M	$50K	10x
Short	SoDEX INTC-USD	121.09	0.0050	get 0.0006% / 1h	4m 04s	$27K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $10.5
Price spread: −0.048% → 0.000%: −$4.79
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.29
Costs to cover: 0.200%
Break-even: 16.5 days

Slippage unknown: Phemex: live order book, 4 min ago; SoDEX: no order-book sample. Net counts fees only.

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	2.07 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0593%	8h	121.20	+0.041%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0032%	1h	120.96	−0.156%	$165K	$285K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.13	−0.013%	$304K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.09	−0.050%	$12.8M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.12	−0.025%	$8.4M	$30.4M	75x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	121.15	long leg	$1.7M	$50K	10x
GRVT INTC_USDT_Perp	+0.0007%	8h	120.96	−0.155%	$906K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.09	−0.050%	$662K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.157%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.98	−0.140%	$91K	$307K	10x	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	+0.0043%	1h	121.06	−0.074%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.94	−0.173%	—	$1.5M	25x	as long as short
SoDEX INTC-USDshort	+0.0050%	1h	121.09	−0.048%	$27K	$4K	10x
Ondo Perps INTC-USD.P	+0.0050%	1h	120.94	−0.173%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.03	−0.099%	$1.5M	$11.4M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0059%	8h	121.13	−0.017%	$18.2M	$67.6M	25x	as long as short
Variational Omni INTC	+0.0078%	8h	121.11	−0.030%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.90	−0.206%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.07	−0.066%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0106%	8h	121.01	−0.113%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.09	−0.053%	$49K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	121.09	−0.052%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0121%	8h	121.09	−0.050%	$71.2M	$398.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0144%	1h	121.09	−0.050%	$208K	$491K	10x	as long as short
KuCoin INTCUSDTM	+0.0153%	8h	121.10	−0.041%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0192%	1h	121.11	−0.032%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	120.89	−0.215%	$255K	$822K	10x	as long as short
BloFin INTC-USDT	+0.0241%	8h	121.04	−0.091%	$906K	$305K	25x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0246%	1h	121.04	−0.091%	$20K	$107K	10x	as long as short
tradeXYZ xyz:INTC	+0.0288%	1h	121.11	−0.033%	$145.1M	$66.2M	10x	as long as short
Phoenix INTC	+0.0326%	1h	120.92	−0.190%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.09	−0.051%	$328K	$354K	10x	as long as short
edgeX INTCUSDC	+0.0674%	4h	120.95	−0.164%	$86K	$294K	10x	as long as short