Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.033%

Price spread now: edgeX against Phoenix−0.059%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs+$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.683%+$68 on $10k

Price spread, last 4 days (all we have)−0.586%−$59 · spread now −0.059%, 7d avg +0.009%

Together, before fees+0.097%+ Points / potential airdropedgeX: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.067% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.009%). If the spread goes back, that is −$7 on $10k: about 5.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.683% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix INTC	123.07	0.0261	pay 0.0033% / 1h	27m 05s	$47K	$265K	10x
Short	edgeX INTCUSDC	123.00	0.0304	get 0.0152% / 4h	1h 27m	$87K	$291K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $9.04
Price spread: −0.059% → +0.009%: −$6.75
Slippage, 4 orders: −$29.08
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.79
Costs to cover: 0.451%
Break-even: 40.1 days

Slippage from Phoenix: live order book, 33 min ago; edgeX: live order book, 36 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, 33 min ago	3.27 bp	11.7 bp −$12	25.1 bp −$251	doesn't fit	doesn't fit
Sell edgeX live order book, 36 min ago	5.70 bp	11.1 bp −$11	20.6 bp −$206	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
Nado INTC-PERP	−0.0112%	1h	122.76	−0.250%	$172K	$286K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	122.83	−0.194%	$306K	$523K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.78	−0.236%	$13.2M	$28.2M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	122.82	−0.203%	$8.5M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	122.86	−0.171%	$25.4M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.74	−0.268%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	122.83	−0.195%	$1.7M	$50K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0031%	8h	123.00	−0.055%	$921K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	122.83	−0.195%	$650K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.406%	$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
OKX INTC-USDT-SWAP	+0.0034%	8h	122.81	−0.211%	$18.6M	$67.3M	25x	as long as short
Arcus INTC-USD	+0.0040%	1h	122.88	−0.154%	$93K	$308K	10x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	122.84	−0.191%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.78	−0.236%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.82	−0.203%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.85	−0.179%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0057%	1h	122.81	−0.211%	$1.6M	$12.6M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.04	−0.024%	$45K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.79	−0.228%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0103%	8h	122.81	−0.210%	—	—	5x	as long as short
Variational Omni INTC	+0.0112%	8h	123.09	+0.016%	$2.2M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	122.81	−0.212%	$50K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0150%	1h	122.81	−0.211%	$212K	$483K	10x	as long as short
Binance INTCUSDT	+0.0152%	8h	122.81	−0.211%	$72.4M	$399.5M	25x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	122.78	−0.232%	$341K	$1.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0152%	1h	122.57	−0.406%	$258K	$924K	10x	as long as short
KuCoin INTCUSDTM	+0.0175%	8h	122.85	−0.179%	$1.1M	$104K	20x	as long as short
Phoenix INTClong	+0.0261%	1h	123.07	long leg	$47K	$265K	10x
RISEx INTC/USDC	+0.0264%	1h	122.84	−0.184%	$347K	$381K	10x	as long as short
BloFin INTC-USDT	+0.0272%	8h	122.80	−0.219%	$920K	$304K	25x	as long as short
tradeXYZ xyz:INTC	+0.0290%	1h	122.82	−0.203%	$146.8M	$68.4M	10x	as long as short
edgeX INTCUSDCshort	+0.0304%	4h	123.00	−0.059%	$87K	$291K	10x
Lighter INTC	+0.0344%	1h	122.85	−0.181%	$1.5M	$2.0M	10x	as long as short