Funding you earn now, next payment 19:00 UTC−0.0120%/8hnext payment −$0.15 per $10,000 · paid last 24h −0.031%
Price spread now: Deribit against Phoenix−0.041%70s7-day average −0.001% · 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−$410.414% of the position
Funding, last 4 days (all we have)−0.148%−$15 on $10k
+Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.041%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.040% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 70 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 | 122.25 | 0.0198 | pay 0.0025% / 1h | 4m 15s | $47K | $287K | 10x |
| Short | Deribit INTC_USDC-PERPETUAL | 122.20 | 0.0077 | get 0.0010% / 1h | 4m 15s | $21K | $179K | 10x |
Phoenix INTC
Deribit INTC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$25.23
- Price spread: −0.041% → −0.001%
- −$3.95
- Slippage, 4 orders
- −$27.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$70.55
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 25 min ago; Deribit: live order book, 28 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, 25 min ago | 3.30 bp | 11.0 bp −$11 | 23.6 bp −$236 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 28 min ago | 2.47 bp | 13.4 bp −$13 | 16.4 bp −$164 | 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 | 122.15 | −0.085% | $305K | $477K | 20x | as long as short |
| Extended INTC_24_5-USD | 0.0000% | 1h | 122.21 | −0.030% | $327K | $1.1M | 10x | as long as short |
| Binance INTCUSDT | 0.0000% | 8h | 122.31 | +0.050% | $72.4M | $409.7M | 25x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.29 | +0.033% | $13.5M | $29.2M | 50x | as long as short |
| OKX INTC-USDT-SWAP | 0.0000% | 8h | 122.30 | +0.041% | $18.4M | $68.3M | 25x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.15 | −0.082% | $8.9M | $32.3M | 75x | as long as short |
| Variational Omni INTC | 0.0000% | 8h | 122.24 | −0.005% | $2.1M | $2.4M | — | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 122.22 | −0.021% | $916K | $1.8M | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 122.33 | +0.065% | $1.7M | $51K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 122.29 | +0.033% | $616K | $3.1M | 10x | as long as short |
Aster INTCUSDT
Extended INTC_24_5-USD
Binance INTCUSDT
Bybit INTCUSDT
OKX INTC-USDT-SWAP
Gate INTC_USDT
Variational Omni INTC
GRVT INTC_USDT_Perp
Phemex INTCUSDT
Lighter RH INTCShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.18 | −0.057% | — | $1.5M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0050% | 1h | 122.18 | −0.057% | $204K | $371K | 10x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 122.03 | −0.184% | $27K | $3K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.03 | −0.180% | $1.2M | $2.2M | 10x | as long as short |
| QFEX INTC-USD | +0.0057% | 1h | 122.10 | −0.123% | $1.9M | $15.0M | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0060% | 8h | 122.05 | −0.161% | — | — | 5x | as long as short |
| Deribit INTC_USDC-PERPETUALshort | +0.0077% | 1h | 122.20 | −0.041% | $21K | $179K | 10x | |
| Aevo INTC-PERP | +0.0080% | 1h | 122.30 | +0.039% | $49K | — | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0100% | 8h | 122.09 | −0.131% | $1.2M | $61K | 20x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.35 | +0.082% | $46K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.22 | −0.025% | $4K | $3K | 10x | as long as short |
| BloFin INTC-USDT | +0.0120% | 8h | 122.07 | −0.147% | $910K | $314K | 25x | as long as short |
| Nado INTC-PERP | +0.0158% | 1h | 122.06 | −0.159% | $172K | $204K | 10x | as long as short |
| Bitget INTCUSDT | +0.0184% | 8h | 122.27 | +0.016% | $25.7M | $33.7M | 50x | as long as short |
| RISEx INTC/USDC | +0.0193% | 1h | 122.16 | −0.071% | $330K | $387K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0197% | 1h | 122.20 | −0.041% | $144.5M | $84.2M | 10x | as long as short |
| Phoenix INTClong | +0.0198% | 1h | 122.25 | long leg | $47K | $287K | 10x | |
| Coinbase International INTC-PERP-INTX | +0.0208% | 1h | 122.08 | −0.139% | $324K | $1.0M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0220% | 1h | 121.34 | −0.744% | $213 | $32K | 12x | as long as short |
| Aftermath Perps INTCUSD | +0.0257% | 1h | 122.13 | −0.099% | $2K | $53K | 10x | as long as short |
| Arcus INTC-USD | +0.0291% | 1h | 122.13 | −0.098% | $138K | $268K | 10x | as long as short |
| Lighter INTC | +0.0312% | 1h | 122.39 | +0.111% | $1.5M | $2.3M | 10x | as long as short |
| edgeX INTCUSDC | +0.0454% | 4h | 122.06 | −0.157% | $86K | $285K | 10x | as long as short |
Vest INTC-USD-PERP
Polymarket Perps INTC-USD
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
Paradex INTC-USD-PERP
Aevo INTC-PERP
KuCoin INTCUSDTM
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
BloFin INTC-USDT
Nado INTC-PERP
Bitget INTCUSDT
RISEx INTC/USDC
tradeXYZ xyz:INTC
Coinbase International INTC-PERP-INTX
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
Arcus INTC-USD
Lighter INTC
edgeX INTCUSDC