Funding you earn now, next payment 08:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.069%
Price spread now: Phemex against Binance−0.065%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.065%, 7d avg −0.002%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.063% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INTCUSDT | 121.40 | 0.0055 | pay 0.0055% / 8h | 10m 38s | $69.6M | $396.9M | 25x |
| Short | Phemex INTCUSDT | 121.32 | 0 | get 0.0000% / 8h | 10m 38s | $1.7M | $49K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- −$11.52
- Price spread: −0.065% → −0.002%
- −$6.33
- Slippage, 4 orders
- −$72.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$112.14
- Costs to cover
- 0.943%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Phemex: live order book, 3 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 Binance live order book, 3 min ago | 0.41 bp | 7.2 bp −$7 | 11.3 bp −$113 | 32.6 bp −$3,256 | 202.3 bp −$101.2K |
| Sell Phemex live order book, 3 min ago | 2.88 bp | 41.9 bp −$42 | 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 | −0.0317% | 8h | 121.48 | +0.067% | $25.3M | $32.4M | 50x | as long as short |
| Aster INTCUSDT | 0.0000% | 8h | 121.31 | −0.076% | $429K | $671K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 121.36 | −0.032% | $12.9M | $28.6M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 121.33 | −0.057% | $8.3M | $31.3M | 75x | as long as short |
| GRVT INTC_USDT_Perp | 0.0000% | 8h | 121.31 | −0.073% | $909K | $1.5M | 10x | as long as short |
| Deribit INTC_USDC-PERPETUAL | 0.0000% | 1h | 121.25 | −0.123% | $20K | $110K | 10x | as long as short |
| Phemex INTCUSDTshort | 0.0000% | 8h | 121.32 | −0.065% | $1.7M | $49K | 10x | |
| Variational Omni INTC | +0.0010% | 8h | 121.32 | −0.065% | $2.0M | $2.5M | — | as long as short |
| OKX INTC-USDT-SWAP | +0.0019% | 8h | 121.42 | +0.017% | $18.2M | $68.0M | 25x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 121.39 | −0.008% | $672K | $2.8M | 10x | as long as short |
Show all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −0.049% | $213 | $22K | 12x | as long as short |
| Aftermath Perps INTCUSD | +0.0039% | 1h | 121.17 | −0.187% | $2K | $54K | 10x | as long as short |
| QFEX INTC-USD | +0.0039% | 1h | 121.24 | −0.131% | $1.3M | $9.9M | 10x | as long as short |
| Arcus INTC-USD | +0.0040% | 1h | 121.21 | −0.156% | $91K | $290K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 121.28 | −0.098% | — | $1.5M | 25x | as long as short |
| SoDEX INTC-USD | +0.0050% | 1h | 121.30 | −0.078% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 121.07 | −0.271% | $1.2M | $2.5M | 10x | as long as short |
| Binance INTCUSDTlong | +0.0055% | 8h | 121.40 | long leg | $69.6M | $396.9M | 25x | |
| Extended INTC_24_5-USD | +0.0056% | 1h | 121.30 | −0.081% | $334K | $1.9M | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0056% | 1h | 120.92 | −0.395% | $245K | $819K | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0074% | 1h | 121.31 | −0.074% | $217K | $549K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0084% | 8h | 121.34 | −0.050% | — | — | 5x | as long as short |
| Aevo INTC-PERP | +0.0096% | 1h | 121.32 | −0.065% | $49K | — | 10x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 121.34 | −0.049% | $47K | $258K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 121.29 | −0.090% | $4K | $3K | 10x | as long as short |
| Nado INTC-PERP | +0.0110% | 1h | 121.25 | −0.127% | $157K | $296K | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0124% | 8h | 121.28 | −0.098% | $1.1M | $114K | 20x | as long as short |
| BloFin INTC-USDT | +0.0175% | 8h | 121.23 | −0.139% | $902K | $309K | 25x | as long as short |
| Phoenix INTC | +0.0198% | 1h | 121.23 | −0.139% | $47K | $236K | 10x | as long as short |
| Lighter INTC | +0.0224% | 1h | 121.40 | −0.001% | $1.4M | $1.9M | 10x | as long as short |
| RISEx INTC/USDC | +0.0230% | 1h | 121.32 | −0.068% | $318K | $316K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0288% | 1h | 121.33 | −0.057% | $146.4M | $60.7M | 10x | as long as short |
| edgeX INTCUSDC | +0.0733% | 4h | 121.20 | −0.162% | $86K | $297K | 10x | as long as short |
Binance INTCUSDT
Phemex INTCUSDT
Bitget INTCUSDT
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
GRVT INTC_USDT_Perp
Deribit INTC_USDC-PERPETUAL
Variational Omni INTC
OKX INTC-USDT-SWAP
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
SoDEX INTC-USD
Extended INTC_24_5-USD
Coinbase International INTC-PERP-INTX
Polymarket Perps INTC-USD
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
KuCoin INTCUSDTM
BloFin INTC-USDT
Phoenix INTC
Lighter INTC
RISEx INTC/USDC
tradeXYZ xyz:INTC
edgeX INTCUSDC