Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.049%

Price spread now: Phemex against Nado+0.077%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1241.245% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.152%−$15 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.077%, 7d avg +0.038%

Together, before fees−0.173%+ Points / potential airdropNado: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.039% dearer against Nado than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of +0.038%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 4 days (−0.152% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado INTC-PERP	120.87	0.0032	pay 0.0004% / 1h	48m 07s	$157K	$294K	10x
Short	Phemex INTCUSDT	120.96	0	get 0.0000% / 8h	48m 07s	$1.7M	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Nado. 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 NadobpFee PhemexbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$6.73
Price spread: +0.077% → +0.038%: $3.85
Slippage, 4 orders: −$105.49
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$127.37
Costs to cover: 1.245%
Break-even: never at this rate

Slippage from Nado: live order book, 55 min ago; Phemex: live order book, 5 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 Nado live order book, 55 min ago	0.83 bp	14.5 bp −$15	26.6 bp −$266	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.24 bp	44.9 bp −$45	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	−0.0606%	8h	121.04	+0.143%	$25.3M	$32.4M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.97	+0.086%	$426K	$669K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.93	+0.052%	$12.9M	$28.7M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.94	+0.060%	$8.3M	$30.5M	75x	as long as short
Variational Omni INTC	0.0000%	8h	120.73	−0.112%	$2.0M	$2.5M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.77	−0.080%	$905K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.82	−0.039%	$20K	$110K	10x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	120.96	+0.077%	$1.7M	$49K	10x
OKX INTC-USDT-SWAP	+0.0011%	8h	120.97	+0.085%	$18.0M	$67.8M	25x	as long as short
Aftermath Perps INTCUSD	+0.0030%	1h	120.85	−0.013%	$2K	$55K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH INTC	+0.0032%	1h	120.92	+0.044%	$671K	$2.8M	10x	as long as short
Nado INTC-PERPlong	+0.0032%	1h	120.87	long leg	$157K	$294K	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.391%	$213	$22K	12x	as long as short
QFEX INTC-USD	+0.0039%	1h	120.87	+0.002%	$1.3M	$10.1M	10x	as long as short
Extended INTC_24_5-USD	+0.0040%	1h	120.86	−0.003%	$335K	$1.6M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.81	−0.047%	$91K	$307K	10x	as long as short
Binance INTCUSDT	+0.0042%	8h	120.92	+0.043%	$69.3M	$398.5M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.82	−0.039%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.85	−0.014%	$216K	$554K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.91	+0.037%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.79	−0.064%	$1.2M	$2.5M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.15	−0.593%	$240K	$818K	10x	as long as short
Paradex INTC-USD-PERP	+0.0073%	8h	120.93	+0.048%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.89	+0.019%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.68	−0.155%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.87	+0.002%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0103%	8h	120.89	+0.019%	$1.1M	$106K	20x	as long as short
BloFin INTC-USDT	+0.0161%	8h	120.98	+0.093%	$898K	$312K	25x	as long as short
tradeXYZ xyz:INTC	+0.0174%	1h	120.90	+0.027%	$143.9M	$61.1M	10x	as long as short
Lighter INTC	+0.0176%	1h	120.94	+0.058%	$1.4M	$1.8M	10x	as long as short
Phoenix INTC	+0.0198%	1h	120.80	−0.056%	$47K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	120.94	+0.056%	$317K	$326K	10x	as long as short
edgeX INTCUSDC	+0.0923%	4h	120.78	−0.076%	$86K	$295K	10x	as long as short