Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Lighter RH−0.008%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$980.984% of the position

Long on Lighter RH Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.008%, 7d avg +0.037%

Together, before fees−0.083%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.045% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH INTC	123.86	0.0032	pay 0.0004% / 1h	22m 14s	$615K	$2.8M	10x
Short	Phemex INTCUSDT	123.85	0	get 0.0000% / 8h	7h 22m	$1.7M	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Lighter RH. 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 Lighter RHbpFee PhemexbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$6.72
Price spread: −0.008% → +0.037%: −$4.55
Slippage, 4 orders: −$86.37
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$109.63
Costs to cover: 0.984%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 1 min ago; Phemex: live order book, 1 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 Lighter RH live order book, 1 min ago	3.63 bp	4.6 bp −$5	9.4 bp −$94	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	4.84 bp	44.3 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
Aster INTCUSDT	0.0000%	8h	123.82	−0.032%	$318K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.85	−0.008%	$13.4M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.82	−0.032%	$8.5M	$30.8M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.75	−0.089%	$21K	$107K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	123.85	−0.008%	$1.7M	$51K	10x
Nado INTC-PERP	+0.0007%	1h	123.78	−0.067%	$173K	$247K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	0.000%	$264K	$1.1M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0031%	8h	123.86	0.000%	$18.6M	$67.7M	25x	as long as short
Lighter RH INTClong	+0.0032%	1h	123.86	long leg	$615K	$2.8M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.035%	$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	+0.0038%	1h	123.83	−0.025%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.91	+0.040%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.82	−0.032%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.83	−0.024%	$1.8M	$14.2M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.72	−0.113%	$1.3M	$2.2M	10x	as long as short
Paradex INTC-USD-PERP	+0.0098%	8h	123.84	−0.012%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	124.20	+0.275%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.78	−0.065%	$5K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0114%	1h	123.79	−0.057%	$213K	$472K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.81	−0.038%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.04	+0.149%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0173%	8h	123.84	−0.015%	$72.4M	$402.4M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0175%	8h	124.03	+0.136%	$929K	$1.4M	10x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	123.80	−0.047%	$352K	$1.8M	10x	as long as short
Bitget INTCUSDT	+0.0255%	8h	123.88	+0.016%	$25.6M	$32.7M	50x	as long as short
Phoenix INTC	+0.0258%	1h	124.07	+0.170%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0268%	8h	123.85	−0.008%	$1.2M	$53K	20x	as long as short
Lighter INTC	+0.0280%	1h	123.90	+0.031%	$1.5M	$1.8M	10x	as long as short
tradeXYZ xyz:INTC	+0.0281%	1h	123.78	−0.065%	$147.7M	$70.0M	10x	as long as short
edgeX INTCUSDC	+0.0281%	4h	123.97	+0.088%	$88K	$290K	10x	as long as short
BloFin INTC-USDT	+0.0295%	8h	123.81	−0.040%	$920K	$310K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.84	−0.016%	$95K	$306K	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.85	−0.008%	$343K	$379K	10x	as long as short