Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.015%

Price spread now: Lighter RH against Phemex+0.008%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$980.984% of the position

Long on Phemex Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.008%, 7d avg −0.037%

Together, before fees+0.083%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.045% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	123.85	0	get 0.0000% / 8h	7h 22m	$1.7M	$51K	10x
Short	Lighter RH INTC	123.86	0.0032	get 0.0004% / 1h	22m 01s	$615K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.008%Rate

Funding earned: $6.72
Price spread: +0.008% → −0.037%: $4.55
Slippage, 4 orders: −$86.37
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$87.1
Costs to cover: 0.984%
Break-even: 97.7 days

Slippage from Phemex: live order book, 1 min ago; Lighter RH: live order book, 1 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, 1 min ago	4.84 bp	45.5 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	3.63 bp	4.0 bp −$4	10.6 bp −$106	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	123.84	−0.010%	$319K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.84	−0.008%	$13.4M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.80	−0.040%	$8.5M	$30.8M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.75	−0.081%	$21K	$107K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	123.85	long leg	$1.7M	$51K	10x
Nado INTC-PERP	+0.0007%	1h	123.78	−0.059%	$173K	$247K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	+0.008%	$264K	$1.1M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0031%	8h	123.77	−0.065%	$18.6M	$67.7M	25x	as long as short
Lighter RH INTCshort	+0.0032%	1h	123.86	+0.008%	$615K	$2.8M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.027%	$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	+0.0038%	1h	123.83	−0.017%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.91	+0.048%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.82	−0.024%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.83	−0.016%	$1.8M	$14.2M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.72	−0.105%	$1.3M	$2.2M	10x	as long as short
Paradex INTC-USD-PERP	+0.0098%	8h	123.84	−0.004%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	124.20	+0.283%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.78	−0.057%	$5K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0114%	1h	123.79	−0.048%	$213K	$472K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.81	−0.030%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.04	+0.157%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0173%	8h	123.82	−0.024%	$72.4M	$402.4M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0175%	8h	124.03	+0.144%	$929K	$1.4M	10x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	123.80	−0.039%	$352K	$1.8M	10x	as long as short
Bitget INTCUSDT	+0.0255%	8h	123.91	+0.048%	$25.6M	$32.7M	50x	as long as short
Phoenix INTC	+0.0258%	1h	124.07	+0.178%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0268%	8h	123.85	0.000%	$1.2M	$53K	20x	as long as short
Lighter INTC	+0.0280%	1h	123.90	+0.040%	$1.5M	$1.8M	10x	as long as short
tradeXYZ xyz:INTC	+0.0281%	1h	123.82	−0.024%	$147.7M	$70.0M	10x	as long as short
edgeX INTCUSDC	+0.0281%	4h	123.97	+0.096%	$88K	$290K	10x	as long as short
BloFin INTC-USDT	+0.0295%	8h	123.81	−0.032%	$920K	$310K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.84	−0.008%	$95K	$306K	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.85	0.000%	$343K	$379K	10x	as long as short