Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%

Price spread now: Deribit against Phemex−0.075%7-day average −0.048% · you buy dearer than you sell

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

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

costs, in and out, $10k−$1131.133% of the position

Long on Phemex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.075%, 7d avg −0.048%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.026% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	120.77	0	get 0.0000% / 8h	50m 27s	$1.7M	$49K	10x
Short	Deribit INTC_USDC-PERPETUAL	120.68	0	get 0.0000% / 1h	50m 27s	$20K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.048%: −$2.63
Slippage, 4 orders: −$94.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$115.96
Costs to cover: 1.133%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Deribit: live order book, 53 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	1.24 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 53 min ago	3.75 bp	11.4 bp −$11	13.7 bp −$137	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	−0.0620%	8h	120.89	+0.099%	$25.2M	$32.4M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.78	+0.005%	$425K	$669K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.74	−0.025%	$12.9M	$28.7M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.76	−0.008%	$8.5M	$30.4M	75x	as long as short
Variational Omni INTC	0.0000%	8h	120.73	−0.032%	$2.0M	$2.5M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.77	0.000%	$905K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUALshort	0.0000%	1h	120.68	−0.075%	$20K	$110K	10x
Phemex INTCUSDTlong	0.0000%	8h	120.77	long leg	$1.7M	$49K	10x
OKX INTC-USDT-SWAP	+0.0008%	8h	120.77	0.000%	$18.0M	$67.7M	25x	as long as short
Nado INTC-PERP	+0.0021%	1h	120.66	−0.089%	$157K	$294K	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	+0.0030%	1h	120.73	−0.034%	$2K	$55K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.72	−0.041%	$670K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.472%	$213	$22K	12x	as long as short
QFEX INTC-USD	+0.0039%	1h	120.72	−0.041%	$1.3M	$10.1M	10x	as long as short
Extended INTC_24_5-USD	+0.0040%	1h	120.71	−0.048%	$333K	$1.5M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.74	−0.025%	$91K	$307K	10x	as long as short
Binance INTCUSDT	+0.0040%	8h	120.76	−0.009%	$69.2M	$398.6M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.65	−0.099%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.73	−0.033%	$216K	$549K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.73	−0.029%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.57	−0.166%	$1.2M	$2.5M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.15	−0.513%	$240K	$818K	10x	as long as short
Paradex INTC-USD-PERP	+0.0071%	8h	120.70	−0.058%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.73	−0.037%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.74	−0.025%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.69	−0.066%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0102%	8h	120.79	+0.017%	$1.1M	$106K	20x	as long as short
Lighter INTC	+0.0128%	1h	120.73	−0.029%	$1.4M	$1.8M	10x	as long as short
tradeXYZ xyz:INTC	+0.0159%	1h	120.73	−0.033%	$143.7M	$61.1M	10x	as long as short
BloFin INTC-USDT	+0.0161%	8h	120.72	−0.041%	$896K	$312K	25x	as long as short
Phoenix INTC	+0.0198%	1h	120.80	+0.025%	$47K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	120.76	−0.011%	$316K	$326K	10x	as long as short
edgeX INTCUSDC	+0.0356%	4h	120.82	+0.040%	$86K	$295K	10x	as long as short