Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.034%

Price spread now: BloFin against Phoenix0.000%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Phoenix Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now 0.000%, 7d avg +0.049%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.049% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix INTC	121.23	0.0198	pay 0.0025% / 1h	10m 42s	$47K	$236K	10x
Short	BloFin INTC-USDT	121.23	0.0175	get 0.0175% / 8h	10m 42s	$902K	$309K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. 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 PhoenixbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$4.87
Price spread: 0.000% → +0.049%: −$4.89
Slippage, 4 orders: −$25.65
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$54.4
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Phoenix: live order book, 24 min ago; BloFin: live order book, 6 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 Phoenix live order book, 24 min ago	4.13 bp	13.0 bp −$13	28.4 bp −$284	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.82 bp	7.6 bp −$8	10.6 bp −$106	28.5 bp −$2,855	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	−0.0317%	8h	121.48	+0.206%	$25.3M	$32.4M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.31	+0.064%	$429K	$671K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.36	+0.107%	$12.9M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.33	+0.082%	$8.3M	$31.3M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.31	+0.066%	$909K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.25	+0.016%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.32	+0.074%	$1.7M	$49K	10x	as long as short
Variational Omni INTC	+0.0010%	8h	121.32	+0.074%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0019%	8h	121.42	+0.157%	$18.2M	$68.0M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.39	+0.132%	$672K	$2.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.091%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	121.17	−0.048%	$2K	$54K	10x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.24	+0.008%	$1.3M	$9.9M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.21	−0.016%	$91K	$290K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.28	+0.041%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.30	+0.061%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.07	−0.132%	$1.2M	$2.5M	10x	as long as short
Binance INTCUSDT	+0.0055%	8h	121.40	+0.140%	$69.6M	$396.9M	25x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	121.30	+0.058%	$334K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.92	−0.256%	$245K	$819K	10x	as long as short
Polymarket Perps INTC-USD	+0.0074%	1h	121.31	+0.066%	$217K	$549K	10x	as long as short
Paradex INTC-USD-PERP	+0.0084%	8h	121.34	+0.089%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.32	+0.074%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.34	+0.091%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.29	+0.049%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0110%	1h	121.25	+0.013%	$157K	$296K	10x	as long as short
KuCoin INTCUSDTM	+0.0124%	8h	121.28	+0.041%	$1.1M	$114K	20x	as long as short
BloFin INTC-USDTshort	+0.0175%	8h	121.23	0.000%	$902K	$309K	25x
Phoenix INTClong	+0.0198%	1h	121.23	long leg	$47K	$236K	10x
Lighter INTC	+0.0224%	1h	121.40	+0.139%	$1.4M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.32	+0.072%	$318K	$316K	10x	as long as short
tradeXYZ xyz:INTC	+0.0288%	1h	121.33	+0.082%	$146.4M	$60.7M	10x	as long as short
edgeX INTCUSDC	+0.0733%	4h	121.20	−0.023%	$86K	$297K	10x	as long as short