Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.073%

Price spread now: Phemex against Extended+0.077%55s7-day average +0.039% · 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—prices read too far apart to compare

costs, in and out, $10k−$940.935% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.077%, 7d avg +0.039%

Together, before fees−0.202%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.039% dearer against Extended than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.039%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours. The two prices were read 55 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	Extended INTC_24_5-USD	121.42	0.0120	pay 0.0015% / 1h	16m 18s	$336K	$1.9M	10x
Short	Phemex INTCUSDT	121.51	0	get 0.0000% / 8h	3h 16m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$25.2
Price spread: +0.077% → +0.039%: $3.86
Slippage, 4 orders: −$76.51
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$114.85
Costs to cover: 0.935%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Phemex: live order book, 2 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 Extended live order book, 2 min ago	0.37 bp	4.2 bp −$4	19.6 bp −$196	doesn't fit	doesn't fit
Sell Phemex live order book, 2 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	−0.0395%	8h	121.59	+0.143%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0058%	1h	121.37	−0.035%	$170K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.49	+0.058%	$305K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.48	+0.053%	$12.8M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.49	+0.061%	$8.4M	$30.2M	75x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	121.51	+0.077%	$1.7M	$50K	10x
GRVT INTC_USDT_Perp	+0.0009%	8h	121.46	+0.036%	$910K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.55	+0.110%	$661K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.063%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.28	−0.112%	$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	+0.0043%	1h	121.37	−0.038%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.18	−0.194%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.27	−0.120%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.43	+0.012%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.50	+0.069%	$1.5M	$11.6M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	121.46	+0.036%	$18.3M	$67.7M	25x	as long as short
Variational Omni INTC	+0.0085%	8h	121.45	+0.031%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.06	−0.293%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.44	+0.020%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0103%	8h	121.52	+0.083%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.48	+0.052%	$49K	—	10x	as long as short
edgeX INTCUSDC	+0.0113%	4h	121.46	+0.035%	$86K	$294K	10x	as long as short
Extended INTC_24_5-USDlong	+0.0120%	1h	121.42	long leg	$336K	$1.9M	10x
Binance INTCUSDT	+0.0123%	8h	121.49	+0.061%	$71.5M	$399.0M	25x	as long as short
Polymarket Perps INTC-USD	+0.0158%	1h	121.53	+0.094%	$209K	$487K	10x	as long as short
KuCoin INTCUSDTM	+0.0161%	8h	121.40	−0.013%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0176%	1h	121.51	+0.079%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	121.39	−0.021%	$256K	$826K	10x	as long as short
BloFin INTC-USDT	+0.0243%	8h	121.44	+0.020%	$913K	$305K	25x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0244%	1h	121.40	−0.013%	$20K	$107K	10x	as long as short
tradeXYZ xyz:INTC	+0.0295%	1h	121.45	+0.028%	$145.4M	$66.8M	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.38	−0.030%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.55	+0.109%	$343K	$345K	10x	as long as short