Funding you earn now, next payment 06:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h +0.016%
Price spread now: Lighter against Phoenix+0.039%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.320% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)−0.272%−$27 · spread now +0.039%, 7d avg +0.024%
=Together, before fees−0.217%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix INTC | 120.47 | 0.0199 | pay 0.0025% / 1h | 51m 33s | $46K | $239K | 10x |
| Short | Lighter INTC | 120.52 | 0.0184 | get 0.0023% / 1h | 51m 33s | $1.4M | $1.9M | 10x |
Phoenix INTC
Lighter INTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$3.06
- Price spread: +0.039% → +0.024%
- $1.5
- Slippage, 4 orders
- −$24.97
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$33.54
- Costs to cover
- 0.320%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 53 min ago; Lighter: live order book, 5 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, 53 min ago | 4.13 bp | 13.0 bp −$13 | 28.5 bp −$285 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 2.61 bp | 3.1 bp −$3 | 5.6 bp −$56 | 30.9 bp −$3,090 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget INTCUSDT | −0.0895% | 8h | 120.69 | +0.183% | $25.2M | $32.3M | 50x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 120.54 | +0.062% | $299K | $544K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 120.52 | +0.042% | $12.9M | $28.7M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 120.52 | +0.042% | $8.1M | $30.5M | 75x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 120.57 | +0.086% | $903K | $1.4M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 120.38 | −0.075% | $20K | $108K | 10x | as long as short |
| Phemex INTCUSDT | 0.0000% | 8h | 120.46 | −0.008% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 120.51 | +0.033% | $666K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | +0.722% | $213 | $22K | 12x | as long as short |
| Aftermath Perps INTCUSD | +0.0034% | 1h | 120.56 | +0.075% | $2K | $55K | 10x | as long as short |
Bitget INTCUSDT
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
GRVT INTC_USDT_Perp
Deribit INTC_USDC-PERPETUAL
Phemex INTCUSDT
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INTC | +0.0035% | 8h | 120.58 | +0.095% | $2.1M | $2.5M | — | as long as short |
| OKX INTC-USDT-SWAP | +0.0037% | 8h | 120.56 | +0.075% | $18.0M | $67.6M | 25x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 120.50 | +0.025% | $91K | $307K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 120.40 | −0.058% | — | $1.5M | 25x | as long as short |
| QFEX INTC-USD | +0.0047% | 1h | 120.47 | 0.000% | $1.3M | $10.4M | 10x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 120.44 | −0.025% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 120.47 | 0.000% | $1.2M | $2.4M | 10x | as long as short |
| Binance INTCUSDT | +0.0077% | 8h | 120.52 | +0.041% | $69.9M | $397.4M | 25x | as long as short |
| Extended INTC_24_5-USD | +0.0080% | 1h | 120.46 | −0.006% | $336K | $1.9M | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0081% | 1h | 120.53 | +0.050% | $215K | $516K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0089% | 8h | 120.46 | −0.007% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 120.49 | +0.017% | $47K | $259K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 120.45 | −0.017% | $4K | $3K | 10x | as long as short |
| Aevo INTC-PERP | +0.0104% | 1h | 120.44 | −0.029% | $49K | — | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0112% | 8h | 120.53 | +0.050% | $1.1M | $105K | 20x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0128% | 1h | 120.27 | −0.166% | $242K | $835K | 10x | as long as short |
| Nado INTC-PERP | +0.0154% | 1h | 120.48 | +0.010% | $157K | $288K | 10x | as long as short |
| Lighter INTCshort | +0.0184% | 1h | 120.52 | +0.039% | $1.4M | $1.9M | 10x | |
| BloFin INTC-USDT | +0.0198% | 8h | 120.51 | +0.033% | $891K | $309K | 25x | as long as short |
| Phoenix INTClong | +0.0199% | 1h | 120.47 | long leg | $46K | $239K | 10x | |
| RISEx INTC/USDC | +0.0239% | 1h | 120.52 | +0.045% | $315K | $322K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0247% | 1h | 120.48 | +0.008% | $144.1M | $63.6M | 10x | as long as short |
| edgeX INTCUSDC | +0.0624% | 4h | 120.50 | +0.026% | $86K | $295K | 10x | as long as short |
Variational Omni INTC
OKX INTC-USDT-SWAP
Arcus INTC-USD
Vest INTC-USD-PERP
QFEX INTC-USD
SoDEX INTC-USD
Ondo Perps INTC-USD.P
Binance INTCUSDT
Extended INTC_24_5-USD
Polymarket Perps INTC-USD
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Aevo INTC-PERP
KuCoin INTCUSDTM
Coinbase International INTC-PERP-INTX
Nado INTC-PERP
BloFin INTC-USDT
RISEx INTC/USDC
tradeXYZ xyz:INTC
edgeX INTCUSDC