Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0165%/8h= −18.0% APRpaid last 24h −0.013%

Price spread now: Binance against Phoenix−0.085%75s7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as 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−$340.340% of the position

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

Price spread, last 4 days (all we have)+0.288%+$29 · spread now −0.085%, 7d avg +0.046%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.130% cheaper against Phoenix than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 75 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	Phoenix INTC	123.18	0.0324	pay 0.0041% / 1h	38m 10s	$47K	$265K	10x
Short	Binance INTCUSDT	123.08	0.0160	get 0.0160% / 8h	4h 38m	$72.8M	$400.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now −0.085%Rate

Funding earned: −$34.57
Price spread: −0.085% → +0.046%: −$13.04
Slippage, 4 orders: −$16.96
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.56
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Phoenix: live order book, 18 min ago; Binance: live order book, 6 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, 18 min ago	2.43 bp	10.8 bp −$11	22.7 bp −$227	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.41 bp	6.1 bp −$6	9.1 bp −$91	31.5 bp −$3,148	203.7 bp −$101.8K

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	−0.0066%	1h	123.02	−0.130%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.02	−0.132%	$306K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.07	−0.089%	$13.1M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.06	−0.097%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.14	−0.032%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.00	−0.146%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.10	−0.065%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.08	−0.081%	$660K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.494%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.06	−0.097%	$93K	$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	123.09	−0.077%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.07	−0.089%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.07	−0.089%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.00	−0.146%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0054%	8h	123.08	−0.081%	$18.7M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0058%	8h	123.14	−0.032%	$923K	$1.4M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.07	−0.089%	$1.6M	$12.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.23	+0.041%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.05	−0.106%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0110%	8h	123.07	−0.091%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0118%	1h	123.09	−0.073%	$212K	$485K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.08	−0.083%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0121%	8h	123.14	−0.031%	$2.2M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	−0.041%	$262K	$930K	10x	as long as short
Binance INTCUSDTshort	+0.0160%	8h	123.08	−0.085%	$72.8M	$400.0M	25x
Extended INTC_24_5-USD	+0.0160%	1h	123.04	−0.113%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0188%	8h	123.11	−0.057%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.12	−0.049%	$925K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0298%	1h	123.07	−0.089%	$146.9M	$69.0M	10x	as long as short
Phoenix INTClong	+0.0324%	1h	123.18	long leg	$47K	$265K	10x
Lighter INTC	+0.0352%	1h	123.12	−0.050%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.11	−0.058%	$347K	$383K	10x	as long as short
edgeX INTCUSDC	+0.0597%	4h	123.17	−0.011%	$87K	$292K	10x	as long as short