Funding you earn now, next payment 10:00 UTC−0.0076%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.032%
Price spread now: Coinbase International against Phoenix−0.114%72s7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as 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−$430.432% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.114%, 7d avg −0.065%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.049% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.065%). Swap the legs. The two prices were read 72 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 | 122.48 | 0.0196 | pay 0.0025% / 1h | 46m 00s | $47K | $211K | 10x |
| Short | Coinbase International INTC-PERP-INTX | 122.34 | 0.0120 | get 0.0015% / 1h | 46m 00s | $255K | $909K | 10x |
Phoenix INTC
Coinbase International INTC-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$16.03
- Price spread: −0.114% → −0.065%
- −$4.91
- Slippage, 4 orders
- −$26.16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$64.1
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 61 min ago; Coinbase International: live order book, 65 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, 61 min ago | 4.13 bp | 13.0 bp −$13 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 65 min ago | 2.89 bp | 8.9 bp −$9 | 13.9 bp −$139 | 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 | 122.21 | −0.221% | $449K | $689K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.05 | −0.351% | $12.9M | $28.1M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.25 | −0.188% | $8.2M | $30.9M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 122.10 | −0.310% | $25.4M | $30.8M | 50x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 122.10 | −0.310% | $20K | $98K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 122.20 | −0.229% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 122.17 | −0.253% | $665K | $2.6M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −0.931% | $213 | $16K | 12x | as long as short |
| Aftermath Perps INTCUSD | +0.0037% | 1h | 122.26 | −0.181% | $2K | $54K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.33 | −0.122% | — | $1.5M | 25x | as long as short |
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
Vest INTC-USD-PERPShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX INTC-USD | +0.0050% | 1h | 122.21 | −0.220% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.10 | −0.310% | $1.2M | $2.6M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0056% | 8h | 122.02 | −0.376% | $18.4M | $67.8M | 25x | as long as short |
| QFEX INTC-USD | +0.0060% | 1h | 122.24 | −0.196% | $1.2M | $9.5M | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0062% | 1h | 122.23 | −0.204% | $219K | $511K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0098% | 8h | 122.28 | −0.160% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.33 | −0.122% | $47K | $258K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.22 | −0.212% | $4K | $3K | 10x | as long as short |
| Variational Omni INTC | +0.0107% | 8h | 122.49 | +0.011% | $1.9M | $2.7M | — | as long as short |
| Nado INTC-PERP | +0.0119% | 1h | 122.19 | −0.236% | $157K | $283K | 10x | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 122.20 | −0.231% | $49K | — | 10x | as long as short |
| Coinbase International INTC-PERP-INTXshort | +0.0120% | 1h | 122.34 | −0.114% | $255K | $909K | 10x | |
| Extended INTC_24_5-USD | +0.0152% | 1h | 122.01 | −0.384% | $338K | $1.9M | 10x | as long as short |
| Binance INTCUSDT | +0.0153% | 8h | 122.08 | −0.323% | $70.8M | $395.9M | 25x | as long as short |
| Phoenix INTClong | +0.0196% | 1h | 122.48 | long leg | $47K | $211K | 10x | |
| KuCoin INTCUSDTM | +0.0199% | 8h | 122.13 | −0.286% | $1.1M | $269K | 20x | as long as short |
| Arcus INTC-USD | +0.0199% | 1h | 122.20 | −0.229% | $87K | $246K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0216% | 1h | 122.10 | −0.310% | $147.0M | $51.5M | 10x | as long as short |
| GRVT INTC_USDT_Perp | +0.0228% | 8h | 122.59 | +0.091% | $919K | $1.4M | 10x | as long as short |
| Lighter INTC | +0.0256% | 1h | 122.24 | −0.198% | $1.4M | $1.6M | 10x | as long as short |
| BloFin INTC-USDT | +0.0274% | 8h | 122.39 | −0.073% | $917K | $342K | 25x | as long as short |
| RISEx INTC/USDC | +0.0415% | 1h | 122.29 | −0.152% | $322K | $288K | 10x | as long as short |
| edgeX INTCUSDC | +0.0457% | 4h | 122.42 | −0.052% | $87K | $297K | 10x | as long as short |
SoDEX INTC-USD
Ondo Perps INTC-USD.P
OKX INTC-USDT-SWAP
QFEX INTC-USD
Polymarket Perps INTC-USD
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Variational Omni INTC
Nado INTC-PERP
Aevo INTC-PERP
Extended INTC_24_5-USD
Binance INTCUSDT
KuCoin INTCUSDTM
Arcus INTC-USD
tradeXYZ xyz:INTC
GRVT INTC_USDT_Perp
Lighter INTC
BloFin INTC-USDT
RISEx INTC/USDC
edgeX INTCUSDC