Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.073%

Price spread now: Extended against Phemex−0.077%55s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as 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−$940.935% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.077%, 7d avg −0.039%

Together, before fees+0.202%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.039% cheaper against Phemex than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.039%). If the spread goes back, that is −$4 on $10k: about 26 hours of funding at the current rate (+$4 a day). The two prices were read 55 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	Phemex INTCUSDT	121.51	0	get 0.0000% / 8h	3h 16m	$1.7M	$50K	10x
Short	Extended INTC_24_5-USD	121.42	0.0120	get 0.0015% / 1h	16m 17s	$336K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: $25.2
Price spread: −0.077% → −0.039%: −$3.86
Slippage, 4 orders: −$76.51
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$72.16
Costs to cover: 0.935%
Break-even: 27.0 days

Slippage from Phemex: live order book, 2 min ago; Extended: 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, 2 min ago	5.36 bp	40.9 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.37 bp	4.2 bp −$4	15.4 bp −$154	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	−0.0395%	8h	121.59	+0.066%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0058%	1h	121.37	−0.112%	$170K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.49	−0.020%	$305K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.48	−0.025%	$12.8M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.49	−0.016%	$8.4M	$30.2M	75x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	121.51	long leg	$1.7M	$50K	10x
GRVT INTC_USDT_Perp	+0.0009%	8h	121.46	−0.041%	$910K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.55	+0.033%	$661K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.140%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.28	−0.189%	$92K	$307K	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	+0.0043%	1h	121.37	−0.115%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.18	−0.272%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.27	−0.198%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.43	−0.066%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.50	−0.008%	$1.5M	$11.6M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	121.46	−0.041%	$18.3M	$67.7M	25x	as long as short
Variational Omni INTC	+0.0085%	8h	121.45	−0.046%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.06	−0.370%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.44	−0.058%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0103%	8h	121.52	+0.006%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.48	−0.026%	$49K	—	10x	as long as short
edgeX INTCUSDC	+0.0113%	4h	121.46	−0.042%	$86K	$294K	10x	as long as short
Extended INTC_24_5-USDshort	+0.0120%	1h	121.42	−0.077%	$336K	$1.9M	10x
Binance INTCUSDT	+0.0123%	8h	121.49	−0.016%	$71.5M	$399.0M	25x	as long as short
Polymarket Perps INTC-USD	+0.0158%	1h	121.53	+0.016%	$209K	$487K	10x	as long as short
KuCoin INTCUSDTM	+0.0161%	8h	121.40	−0.091%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0176%	1h	121.51	+0.002%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	121.39	−0.099%	$256K	$826K	10x	as long as short
BloFin INTC-USDT	+0.0243%	8h	121.44	−0.058%	$913K	$305K	25x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0244%	1h	121.40	−0.091%	$20K	$107K	10x	as long as short
tradeXYZ xyz:INTC	+0.0295%	1h	121.45	−0.049%	$145.4M	$66.8M	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.38	−0.107%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.55	+0.032%	$343K	$345K	10x	as long as short