Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0385%/8h= −42.2% APRpaid last 24h −0.051%

Price spread now: Phoenix against edgeX+0.051%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on edgeX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.672%−$67 on $10k

Price spread, last 3 days (all we have)+0.155%+$15 · spread now +0.051%, 7d avg −0.008%

Together, before fees−0.517%+ Points / potential airdropedgeX: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.058% dearer against edgeX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.008%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX INTCUSDC	123.79	0.0643	pay 0.0322% / 4h	3h 00m	$88K	$291K	10x
Short	Phoenix INTC	123.85	0.0258	get 0.0032% / 1h	0m 34s	$48K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against edgeX. 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 edgeXbpFee PhoenixbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$80.91
Price spread: +0.051% → −0.008%: $5.85
Slippage, 4 orders: −$32.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$123.82
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from edgeX: live order book, 7 min ago; Phoenix: 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 edgeX live order book, 7 min ago	6.06 bp	11.2 bp −$11	20.7 bp −$207	doesn't fit	doesn't fit
Sell Phoenix live order book, 4 min ago	4.04 bp	13.1 bp −$13	28.6 bp −$286	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	123.84	+0.045%	$319K	$516K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.79	+0.002%	$13.3M	$28.3M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.79	+0.002%	$8.5M	$30.9M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.65	−0.111%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.74	−0.038%	$1.7M	$51K	10x	as long as short
Nado INTC-PERP	+0.0009%	1h	123.73	−0.045%	$174K	$244K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.68	−0.086%	$261K	$1.0M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.80	+0.010%	$615K	$2.8M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0032%	8h	123.78	−0.006%	$18.7M	$67.6M	25x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.977%	$213	$22K	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	+0.0040%	1h	123.76	−0.024%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.89	+0.083%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.72	−0.050%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.77	−0.014%	$1.7M	$13.6M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.65	−0.111%	$1.3M	$2.3M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0063%	8h	123.86	+0.059%	$928K	$1.4M	10x	as long as short
Paradex INTC-USD-PERP	+0.0091%	8h	123.75	−0.033%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.82	+0.027%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.73	−0.046%	$4K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0108%	1h	123.78	−0.006%	$213K	$474K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.73	−0.047%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0129%	8h	123.72	−0.051%	$2.2M	$2.5M	—	as long as short
Bitget INTCUSDT	+0.0132%	8h	123.84	+0.043%	$25.6M	$32.3M	50x	as long as short
Binance INTCUSDT	+0.0172%	8h	123.79	−0.001%	$72.4M	$401.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	123.74	−0.040%	$353K	$1.8M	10x	as long as short
Phoenix INTCshort	+0.0258%	1h	123.85	+0.051%	$48K	$256K	10x
KuCoin INTCUSDTM	+0.0268%	8h	123.84	+0.043%	$1.2M	$54K	20x	as long as short
tradeXYZ xyz:INTC	+0.0269%	1h	123.77	−0.014%	$147.7M	$69.7M	10x	as long as short
BloFin INTC-USDT	+0.0293%	8h	123.79	+0.002%	$920K	$310K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.73	−0.046%	$95K	$306K	10x	as long as short
Lighter INTC	+0.0312%	1h	123.88	+0.078%	$1.5M	$1.8M	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.80	+0.009%	$343K	$379K	10x	as long as short
edgeX INTCUSDClong	+0.0643%	4h	123.79	long leg	$88K	$291K	10x