Funding you earn now, next payment 02:00 UTC−0.0221%/8h= −24.2% APRnext payment −$0.28 per $10,000 · paid last 24h +0.010%
Price spread now: Arcus against Phoenix−0.114%49s7-day average −0.044% · 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—prices read too far apart to compare
costs, in and out, $10k−$450.448% of the position
Funding, last 4 days (all we have)−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.526%−$53 · spread now −0.114%, 7d avg −0.044%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Arcus is 0.070% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.044%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.052% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix INTC | 123.07 | 0.0261 | pay 0.0033% / 1h | 27m 48s | $47K | $265K | 10x |
| Short | Arcus INTC-USD | 122.93 | 0.0040 | get 0.0005% / 1h | 27m 48s | $93K | $308K | 10x |
Phoenix INTC
Arcus INTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Phoenix. 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
- −$46.42
- Price spread: −0.114% → −0.044%
- −$6.95
- Slippage, 4 orders
- −$33.31
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$98.18
- Costs to cover
- 0.448%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 32 min ago; Arcus: live order book, 36 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 Phoenix live order book, 32 min ago | 3.27 bp | 11.7 bp −$12 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 36 min ago | 4.48 bp | 11.1 bp −$11 | 12.2 bp −$122 | 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-PERP | −0.0112% | 1h | 122.80 | −0.216% | $172K | $286K | 10x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 122.84 | −0.185% | $306K | $523K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.82 | −0.203% | $13.2M | $28.3M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.82 | −0.203% | $8.5M | $30.2M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 122.86 | −0.171% | $25.4M | $32.1M | 50x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 122.74 | −0.268% | $21K | $107K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 122.82 | −0.203% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 122.82 | −0.203% | $650K | $2.8M | 10x | as long as short |
| GRVT INTC_USDT_Perp | +0.0032% | 8h | 123.11 | +0.033% | $922K | $1.4M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −1.406% | $213 | $22K | 12x | as long as short |
Nado INTC-PERP
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
Lighter RH INTC
GRVT INTC_USDT_Perp
Injective INTC/USDC PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX INTC-USDT-SWAP | +0.0035% | 8h | 122.84 | −0.187% | $18.6M | $67.4M | 25x | as long as short |
| Arcus INTC-USDshort | +0.0040% | 1h | 122.93 | −0.114% | $93K | $308K | 10x | |
| Aftermath Perps INTCUSD | +0.0041% | 1h | 122.88 | −0.158% | $2K | $52K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.86 | −0.171% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 122.81 | −0.207% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.85 | −0.179% | $1.3M | $2.2M | 10x | as long as short |
| QFEX INTC-USD | +0.0057% | 1h | 122.86 | −0.171% | $1.6M | $12.6M | 10x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 123.04 | −0.024% | $45K | $260K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.81 | −0.211% | $4K | $3K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0104% | 8h | 122.82 | −0.202% | — | — | 5x | as long as short |
| Variational Omni INTC | +0.0112% | 8h | 123.09 | +0.016% | $2.2M | $2.5M | — | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 122.90 | −0.139% | $50K | — | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0152% | 1h | 122.79 | −0.230% | $341K | $1.8M | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0152% | 1h | 122.89 | −0.146% | $212K | $483K | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0152% | 1h | 122.57 | −0.406% | $258K | $924K | 10x | as long as short |
| Binance INTCUSDT | +0.0152% | 8h | 122.84 | −0.183% | $72.4M | $399.6M | 25x | as long as short |
| KuCoin INTCUSDTM | +0.0175% | 8h | 122.85 | −0.179% | $1.1M | $104K | 20x | as long as short |
| Phoenix INTClong | +0.0261% | 1h | 123.07 | long leg | $47K | $265K | 10x | |
| RISEx INTC/USDC | +0.0264% | 1h | 122.89 | −0.144% | $347K | $381K | 10x | as long as short |
| BloFin INTC-USDT | +0.0272% | 8h | 123.01 | −0.049% | $921K | $305K | 25x | as long as short |
| tradeXYZ xyz:INTC | +0.0290% | 1h | 122.83 | −0.195% | $146.8M | $68.4M | 10x | as long as short |
| Lighter INTC | +0.0344% | 1h | 122.87 | −0.166% | $1.5M | $2.0M | 10x | as long as short |
| edgeX INTCUSDC | +0.0521% | 4h | 122.97 | −0.082% | $87K | $292K | 10x | as long as short |
OKX INTC-USDT-SWAP
Aftermath Perps INTCUSD
Vest INTC-USD-PERP
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Paradex INTC-USD-PERP
Variational Omni INTC
Aevo INTC-PERP
Extended INTC_24_5-USD
Polymarket Perps INTC-USD
Coinbase International INTC-PERP-INTX
Binance INTCUSDT
KuCoin INTCUSDTM
RISEx INTC/USDC
BloFin INTC-USDT
tradeXYZ xyz:INTC
Lighter INTC
edgeX INTCUSDC