Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Phemex−0.008%7-day average −0.131% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.008%, 7d avg −0.131%

Together, before fees+0.109%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.122% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	120.95	0	get 0.0000% / 8h	46m 05s	$1.7M	$49K	10x
Short	Ondo Perps INTC-USD.P	120.94	0.0050	get 0.0006% / 1h	46m 05s	$1.2M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: $10.58
Price spread: −0.008% → −0.131%: $12.24
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $5.82
Costs to cover: 0.170%
Break-even: 3.2 days

Slippage unknown: Phemex: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	1.24 bp	44.6 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0590%	8h	121.09	+0.116%	$25.3M	$32.4M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.04	+0.075%	$426K	$669K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.95	0.000%	$12.9M	$28.7M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.94	−0.008%	$8.3M	$30.6M	75x	as long as short
Variational Omni INTC	0.0000%	8h	120.73	−0.181%	$2.0M	$2.5M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.77	−0.149%	$905K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.86	−0.074%	$20K	$110K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	120.95	long leg	$1.7M	$49K	10x
OKX INTC-USDT-SWAP	+0.0012%	8h	120.95	0.000%	$18.0M	$67.8M	25x	as long as short
Aftermath Perps INTCUSD	+0.0029%	1h	120.89	−0.052%	$2K	$55K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado INTC-PERP	+0.0031%	1h	120.96	+0.011%	$157K	$294K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.95	0.000%	$670K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.322%	$213	$22K	12x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.02	+0.058%	$1.3M	$10.0M	10x	as long as short
Extended INTC_24_5-USD	+0.0040%	1h	120.93	−0.019%	$333K	$1.6M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.87	−0.066%	$91K	$307K	10x	as long as short
Binance INTCUSDT	+0.0041%	8h	120.96	+0.008%	$69.3M	$398.5M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.92	−0.025%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.95	0.000%	$216K	$555K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.94	−0.004%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.Pshort	+0.0050%	1h	120.94	−0.008%	$1.2M	$2.5M	10x
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.15	−0.661%	$240K	$817K	10x	as long as short
Paradex INTC-USD-PERP	+0.0072%	8h	121.01	+0.048%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.94	−0.004%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.89	−0.050%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.95	0.000%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0103%	8h	120.91	−0.033%	$1.1M	$106K	20x	as long as short
Lighter INTC	+0.0144%	1h	120.97	+0.015%	$1.4M	$1.8M	10x	as long as short
BloFin INTC-USDT	+0.0161%	8h	121.04	+0.074%	$899K	$312K	25x	as long as short
tradeXYZ xyz:INTC	+0.0171%	1h	120.91	−0.033%	$143.9M	$61.1M	10x	as long as short
Phoenix INTC	+0.0198%	1h	120.93	−0.017%	$47K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.10	+0.122%	$317K	$326K	10x	as long as short
edgeX INTCUSDC	+0.0923%	4h	120.78	−0.144%	$86K	$295K	10x	as long as short