Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.043%

Price spread now: Phoenix against OKX+0.032%56s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as 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−$340.337% of the position

Long on OKX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 3 days (all we have)+0.208%+$21 · spread now +0.032%, 7d avg +0.005%

Together, before fees+0.566%+$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.028% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 56 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	OKX INTC-USDT-SWAP	123.38	0	get 0.0000% / 8h	38m 34s	$18.7M	$69.3M	25x
Short	Phoenix INTC	123.42	0.0325	get 0.0041% / 1h	38m 34s	$47K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against OKX. 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 OKXbpFee PhoenixbpOrdersPrice spread, now +0.032%Rate

Funding earned: $68.23
Price spread: +0.032% → +0.005%: $2.78
Slippage, 4 orders: −$16.7
Fee OKX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $37.31
Costs to cover: 0.337%
Break-even: 3.2 days

Slippage from OKX: live order book, 5 min ago; Phoenix: live order book, 36 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 OKX live order book, 5 min ago	0.41 bp	7.2 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit
Sell Phoenix live order book, 36 min ago	2.44 bp	10.1 bp −$10	21.3 bp −$213	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	123.40	+0.016%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAPlong	0.0000%	8h	123.38	long leg	$18.7M	$69.3M	25x
Gate INTC_USDT	0.0000%	8h	123.38	0.000%	$9.1M	$32.2M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.32	−0.049%	$21K	$178K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.35	−0.024%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0016%	8h	123.36	−0.013%	$924K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0017%	8h	123.41	+0.024%	$13.4M	$28.9M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.39	+0.008%	$597K	$3.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.29	−0.073%	$263K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.653%	$213	$23K	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	+0.0043%	1h	123.37	−0.006%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.43	+0.041%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.35	−0.027%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.30	−0.065%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.38	0.000%	$1.9M	$15.2M	10x	as long as short
Variational Omni INTC	+0.0062%	8h	123.32	−0.049%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0069%	1h	123.41	+0.024%	$213K	$451K	10x	as long as short
Nado INTC-PERP	+0.0070%	1h	123.34	−0.034%	$170K	$239K	10x	as long as short
Paradex INTC-USD-PERP	+0.0092%	8h	123.36	−0.020%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.31	−0.057%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.32	−0.049%	$4K	$3K	10x	as long as short
Binance INTCUSDT	+0.0110%	8h	123.38	+0.003%	$72.1M	$410.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	123.35	−0.022%	$352K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.36	−0.013%	$50K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0208%	8h	123.42	+0.032%	$1.2M	$57K	20x	as long as short
BloFin INTC-USDT	+0.0231%	8h	123.35	−0.024%	$915K	$310K	25x	as long as short
Bitget INTCUSDT	+0.0241%	8h	123.39	+0.008%	$25.5M	$34.1M	50x	as long as short
tradeXYZ xyz:INTC	+0.0246%	1h	123.38	0.000%	$146.4M	$79.1M	10x	as long as short
Phoenix INTCshort	+0.0325%	1h	123.42	+0.032%	$47K	$256K	10x
Lighter INTC	+0.0336%	1h	123.46	+0.064%	$1.5M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.41	+0.023%	$341K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.34	−0.032%	$107K	$299K	10x	as long as short
edgeX INTCUSDC	+0.0777%	4h	123.32	−0.046%	$87K	$287K	10x	as long as short