Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.087%

Price spread now: Lighter against Phemex−0.004%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$920.916% of the position

Long on Phemex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.499%+$50 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.004%, 7d avg 0.000%

Together, before fees+0.472%+ Points / potential airdropLighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$7 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	121.37	0	get 0.0000% / 8h	2m 43s	$1.7M	$49K	10x
Short	Lighter INTC	121.36	0.0232	get 0.0029% / 1h	2m 43s	$1.4M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.004%Rate

Funding earned: $48.72
Price spread: −0.004% → 0.000%: −$0.46
Slippage, 4 orders: −$79.65
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.39
Costs to cover: 0.916%
Break-even: 13.2 days

Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 4 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, 5 min ago	3.71 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.28 bp	2.3 bp −$2	5.4 bp −$54	31.4 bp −$3,141	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	−0.0235%	8h	121.48	+0.091%	$25.3M	$32.4M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.27	−0.084%	$429K	$671K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.31	−0.049%	$12.9M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.35	−0.016%	$8.3M	$31.3M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.38	+0.008%	$909K	$1.4M	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	121.37	long leg	$1.7M	$49K	10x
Variational Omni INTC	+0.0011%	8h	121.35	−0.018%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0021%	8h	121.34	−0.025%	$18.2M	$67.9M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.35	−0.016%	$671K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.025%	$213	$22K	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	+0.0039%	1h	121.35	−0.019%	$2K	$55K	10x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.37	0.000%	$1.3M	$9.9M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.31	−0.049%	$91K	$290K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.35	−0.016%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.39	+0.012%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.30	−0.058%	$1.2M	$2.5M	10x	as long as short
Binance INTCUSDT	+0.0054%	8h	121.35	−0.016%	$69.7M	$396.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	121.30	−0.057%	$334K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.92	−0.371%	$245K	$818K	10x	as long as short
Polymarket Perps INTC-USD	+0.0073%	1h	121.35	−0.016%	$217K	$550K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0080%	1h	121.30	−0.058%	$20K	$110K	10x	as long as short
Paradex INTC-USD-PERP	+0.0083%	8h	121.32	−0.043%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.35	−0.020%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.30	−0.058%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.35	−0.016%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0113%	1h	121.27	−0.083%	$157K	$296K	10x	as long as short
KuCoin INTCUSDTM	+0.0125%	8h	121.36	−0.008%	$1.1M	$121K	20x	as long as short
BloFin INTC-USDT	+0.0173%	8h	121.35	−0.016%	$903K	$310K	25x	as long as short
edgeX INTCUSDC	+0.0179%	4h	121.34	−0.021%	$86K	$295K	10x	as long as short
Phoenix INTC	+0.0198%	1h	121.33	−0.033%	$47K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.40	+0.024%	$318K	$314K	10x	as long as short
Lighter INTCshort	+0.0232%	1h	121.36	−0.004%	$1.4M	$1.9M	10x
tradeXYZ xyz:INTC	+0.0289%	1h	121.35	−0.016%	$146.5M	$60.1M	10x	as long as short