Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Phemex−0.041%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1151.146% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.041%, 7d avg −0.028%

Together, before fees+0.251%+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	121.19	0	get 0.0000% / 8h	34m 58s	$1.7M	$49K	10x
Short	ApeX Omni INTCUSDT	121.14	0.0100	get 0.0013% / 1h	34m 58s	$47K	$258K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now −0.041%Rate

Funding earned: $21
Price spread: −0.041% → −0.028%: −$1.29
Slippage, 4 orders: −$92.61
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.9
Costs to cover: 1.146%
Break-even: 38.6 days

Slippage from Phemex: live order book, 3 min ago; ApeX Omni: 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 Phemex live order book, 3 min ago	4.95 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	6.19 bp	11.2 bp −$11	19.2 bp −$192	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	−0.0459%	8h	121.30	+0.091%	$25.3M	$32.5M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.12	−0.058%	$426K	$669K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.17	−0.017%	$12.9M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.10	−0.074%	$8.2M	$31.1M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.17	−0.019%	$908K	$1.5M	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	121.19	long leg	$1.7M	$49K	10x
Variational Omni INTC	+0.0009%	8h	121.11	−0.069%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0010%	8h	121.18	−0.008%	$18.1M	$68.0M	25x	as long as short
Aftermath Perps INTCUSD	+0.0032%	1h	121.14	−0.042%	$2K	$55K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.15	−0.033%	$671K	$2.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.124%	$213	$22K	12x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.15	−0.033%	$1.3M	$10.1M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.13	−0.050%	$91K	$308K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.12	−0.058%	—	$1.5M	25x	as long as short
Extended INTC_24_5-USD	+0.0048%	1h	121.15	−0.036%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0048%	8h	121.20	+0.008%	$69.6M	$399.0M	25x	as long as short
Nado INTC-PERP	+0.0049%	1h	121.08	−0.088%	$157K	$297K	10x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.11	−0.066%	$217K	$555K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.14	−0.037%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.10	−0.074%	$1.2M	$2.5M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.15	−0.858%	$240K	$817K	10x	as long as short
Paradex INTC-USD-PERP	+0.0074%	8h	121.19	−0.003%	—	—	5x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0081%	1h	121.01	−0.149%	$20K	$110K	10x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.10	−0.077%	$49K	—	10x	as long as short
ApeX Omni INTCUSDTshort	+0.0100%	1h	121.14	−0.041%	$47K	$258K	50x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.07	−0.099%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0111%	8h	121.14	−0.041%	$1.1M	$106K	20x	as long as short
BloFin INTC-USDT	+0.0168%	8h	121.16	−0.025%	$895K	$309K	25x	as long as short
Lighter INTC	+0.0176%	1h	121.09	−0.083%	$1.4M	$1.8M	10x	as long as short
tradeXYZ xyz:INTC	+0.0196%	1h	121.15	−0.033%	$144.6M	$60.4M	10x	as long as short
Phoenix INTC	+0.0198%	1h	121.21	+0.017%	$47K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.19	−0.003%	$318K	$328K	10x	as long as short
edgeX INTCUSDC	+0.0984%	4h	121.17	−0.013%	$86K	$295K	10x	as long as short