Funding you earn now, next payment 04:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h −0.080%
Price spread now: Phemex against Phoenix−0.090%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1011.013% of the position
Funding, last 7 days−0.445%−$45 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.090%, 7d avg +0.037%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Phemex is 0.127% cheaper against Phoenix than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix INTC | 122.46 | 0.0326 | pay 0.0041% / 1h | 43m 09s | $47K | $265K | 10x |
| Short | Phemex INTCUSDT | 122.35 | 0 | get 0.0000% / 8h | 3h 43m | $1.7M | $50K | 10x |
Phoenix INTC
Phemex INTCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$68.46
- Price spread: −0.090% → +0.037%
- −$12.7
- Slippage, 4 orders
- −$82.32
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$182.48
- Costs to cover
- 1.013%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 7 min ago; Phemex: 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, 7 min ago | 4.09 bp | 13.2 bp −$13 | 28.7 bp −$287 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.63 bp | 38.5 bp −$38 | doesn't fit | 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 | −0.0076% | 1h | 122.24 | −0.177% | $171K | $283K | 10x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 122.37 | −0.076% | $305K | $522K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.35 | −0.090% | $12.9M | $28.5M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.31 | −0.122% | $8.5M | $29.8M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 122.38 | −0.065% | $25.3M | $31.5M | 50x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 122.25 | −0.171% | $21K | $107K | 10x | as long as short |
| Phemex INTCUSDTshort | 0.0000% | 8h | 122.35 | −0.090% | $1.7M | $50K | 10x | |
| Lighter RH INTC | +0.0032% | 1h | 122.35 | −0.090% | $667K | $2.8M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −0.915% | $213 | $22K | 12x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 122.29 | −0.139% | $92K | $307K | 10x | as long as short |
Nado INTC-PERP
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
Deribit INTC_USDC-PERPETUAL
Lighter RH INTC
Injective INTC/USDC PERP
Arcus INTC-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT INTC_USDT_Perp | +0.0043% | 8h | 122.35 | −0.086% | $917K | $1.4M | 10x | as long as short |
| Aftermath Perps INTCUSD | +0.0044% | 1h | 122.29 | −0.139% | $2K | $53K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.19 | −0.220% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 122.31 | −0.121% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.13 | −0.269% | $1.3M | $2.2M | 10x | as long as short |
| QFEX INTC-USD | +0.0054% | 1h | 122.32 | −0.114% | $1.5M | $11.9M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0064% | 8h | 122.32 | −0.114% | $18.6M | $67.5M | 25x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.37 | −0.073% | $47K | $260K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.27 | −0.155% | $4K | $3K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0106% | 8h | 122.28 | −0.146% | — | — | 5x | as long as short |
| Variational Omni INTC | +0.0116% | 8h | 122.49 | +0.027% | $2.1M | $2.5M | — | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 122.31 | −0.121% | $49K | — | 10x | as long as short |
| Binance INTCUSDT | +0.0149% | 8h | 122.34 | −0.102% | $71.9M | $399.6M | 25x | as long as short |
| Polymarket Perps INTC-USD | +0.0151% | 1h | 122.34 | −0.098% | $210K | $486K | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0152% | 1h | 122.27 | −0.158% | $326K | $1.8M | 10x | as long as short |
| Lighter INTC | +0.0160% | 1h | 122.35 | −0.093% | $1.4M | $2.0M | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0179% | 8h | 122.37 | −0.073% | $1.1M | $104K | 20x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0192% | 1h | 122.14 | −0.261% | $260K | $827K | 10x | as long as short |
| BloFin INTC-USDT | +0.0269% | 8h | 122.32 | −0.114% | $922K | $305K | 25x | as long as short |
| tradeXYZ xyz:INTC | +0.0305% | 1h | 122.32 | −0.114% | $146.4M | $68.1M | 10x | as long as short |
| Phoenix INTClong | +0.0326% | 1h | 122.46 | long leg | $47K | $265K | 10x | |
| edgeX INTCUSDC | +0.0391% | 4h | 122.34 | −0.095% | $87K | $295K | 10x | as long as short |
| RISEx INTC/USDC | +0.0459% | 1h | 122.36 | −0.086% | $345K | $365K | 10x | as long as short |
GRVT INTC_USDT_Perp
Aftermath Perps INTCUSD
Vest INTC-USD-PERP
SoDEX INTC-USD
Ondo Perps INTC-USD.P
QFEX INTC-USD
OKX INTC-USDT-SWAP
ApeX Omni INTCUSDT
Orderly PERP_INTC_USDC_mythos
Paradex INTC-USD-PERP
Variational Omni INTC
Aevo INTC-PERP
Binance INTCUSDT
Polymarket Perps INTC-USD
Extended INTC_24_5-USD
Lighter INTC
KuCoin INTCUSDTM
Coinbase International INTC-PERP-INTX
BloFin INTC-USDT
tradeXYZ xyz:INTC
edgeX INTCUSDC
RISEx INTC/USDC