Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against ApeX Omni+0.041%77s7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$186as 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−$1571.569% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.293%−$29 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.041%, 7d avg +0.027%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 77 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	ApeX Omni INTCUSDT	121.33	0.0100	pay 0.0013% / 1h	14m 15s	$47K	$260K	50x
Short	Phemex INTCUSDT	121.38	0	get 0.0000% / 8h	3h 14m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against ApeX Omni. 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 ApeX OmnibpFee PhemexbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$21
Price spread: +0.041% → +0.027%: $1.44
Slippage, 4 orders: −$134.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$176.5
Costs to cover: 1.569%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 38 min ago; Phemex: live order book, 4 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 ApeX Omni live order book, 38 min ago	30.94 bp	35.9 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	5.36 bp	44.2 bp −$44	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
Bitget INTCUSDT	−0.0416%	8h	121.48	+0.124%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0055%	1h	121.24	−0.077%	$170K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.44	+0.091%	$305K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.35	+0.016%	$12.8M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.41	+0.066%	$8.4M	$30.2M	75x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	121.38	+0.041%	$1.7M	$50K	10x
GRVT INTC_USDT_Perp	+0.0008%	8h	121.47	+0.115%	$910K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.37	+0.033%	$660K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.008%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.32	−0.008%	$92K	$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	+0.0044%	1h	121.40	+0.059%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.15	−0.148%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.36	+0.025%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.25	−0.066%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.37	+0.033%	$1.5M	$11.5M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0058%	8h	121.36	+0.025%	$18.3M	$67.7M	25x	as long as short
Variational Omni INTC	+0.0087%	8h	121.46	+0.110%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDTlong	+0.0100%	1h	121.33	long leg	$47K	$260K	50x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.37	+0.033%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	121.29	−0.031%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.49	+0.129%	$49K	—	10x	as long as short
Binance INTCUSDT	+0.0126%	8h	121.35	+0.016%	$71.4M	$398.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0128%	1h	121.38	+0.041%	$336K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0158%	1h	121.42	+0.074%	$209K	$488K	10x	as long as short
KuCoin INTCUSDTM	+0.0160%	8h	121.34	+0.008%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0184%	1h	121.39	+0.049%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	121.39	+0.049%	$256K	$826K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0245%	1h	121.35	+0.016%	$20K	$107K	10x	as long as short
BloFin INTC-USDT	+0.0245%	8h	121.48	+0.124%	$914K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0296%	1h	121.39	+0.049%	$145.4M	$66.9M	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.38	+0.041%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.40	+0.055%	$343K	$345K	10x	as long as short
edgeX INTCUSDC	+0.0651%	4h	121.31	−0.012%	$86K	$295K	10x	as long as short