INTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0225%/8h= +24.6% APRnext payment +$0.28 per $10,000 · paid last 24h +0.053%

Price spread now: Phoenix against ApeX Omni+0.089%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 3 days (all we have)+0.227%+$23 · spread now +0.089%, 7d avg +0.005%

Together, before fees+0.376%+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.084% dearer against ApeX Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.005%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni INTCUSDT	123.31	0.0100	pay 0.0013% / 1h	38m 08s	$46K	$258K	50x
Short	Phoenix INTC	123.42	0.0325	get 0.0041% / 1h	38m 08s	$47K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.089%Rate

Funding earned: $47.23
Price spread: +0.089% → +0.005%: $8.41
Slippage, 4 orders: −$26.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $12.48
Costs to cover: 0.432%
Break-even: 5.2 days

Slippage from ApeX Omni: live order book, 39 min ago; Phoenix: live order book, 37 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, 39 min ago	6.50 bp	11.5 bp −$12	47.5 bp −$475	doesn't fit	doesn't fit
Sell Phoenix live order book, 37 min ago	2.44 bp	10.1 bp −$10	21.3 bp −$213	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	123.45	+0.111%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.51	+0.162%	$18.7M	$69.4M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.46	+0.122%	$9.1M	$32.2M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.45	+0.114%	$21K	$178K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.52	+0.170%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0016%	8h	123.36	+0.044%	$924K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0017%	8h	123.50	+0.154%	$13.4M	$28.9M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.51	+0.162%	$598K	$3.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.37	+0.049%	$267K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.598%	$213	$23K	12x	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	+0.0043%	1h	123.38	+0.057%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.43	+0.097%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.38	+0.060%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.30	−0.008%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.38	+0.057%	$1.9M	$15.2M	10x	as long as short
Variational Omni INTC	+0.0062%	8h	123.32	+0.008%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0069%	1h	123.41	+0.081%	$213K	$451K	10x	as long as short
Nado INTC-PERP	+0.0070%	1h	123.34	+0.023%	$170K	$239K	10x	as long as short
Paradex INTC-USD-PERP	+0.0092%	8h	123.36	+0.037%	—	—	5x	as long as short
ApeX Omni INTCUSDTlong	+0.0100%	1h	123.31	long leg	$46K	$258K	50x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.38	+0.057%	$4K	$3K	10x	as long as short
Binance INTCUSDT	+0.0110%	8h	123.46	+0.124%	$71.9M	$410.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	123.41	+0.082%	$352K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.44	+0.106%	$50K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0208%	8h	123.50	+0.154%	$1.2M	$57K	20x	as long as short
BloFin INTC-USDT	+0.0231%	8h	123.35	+0.032%	$915K	$310K	25x	as long as short
Bitget INTCUSDT	+0.0241%	8h	123.52	+0.170%	$25.5M	$34.1M	50x	as long as short
tradeXYZ xyz:INTC	+0.0245%	1h	123.49	+0.146%	$146.5M	$79.1M	10x	as long as short
Phoenix INTCshort	+0.0325%	1h	123.42	+0.089%	$47K	$256K	10x
Lighter INTC	+0.0336%	1h	123.55	+0.191%	$1.5M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.41	+0.079%	$341K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.34	+0.024%	$107K	$299K	10x	as long as short
edgeX INTCUSDC	+0.0777%	4h	123.32	+0.011%	$87K	$287K	10x	as long as short