Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0226%/8h= −24.7% APRpaid last 24h −0.054%

Price spread now: OKX against Phoenix−0.250%46s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.359% of the position

Long on Phoenix Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.365%−$37 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.250%, 7d avg −0.004%

Together, before fees−0.325%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.245% cheaper against Phoenix than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix INTC	124.07	0.0258	pay 0.0032% / 1h	24m 43s	$48K	$256K	10x
Short	OKX INTC-USDT-SWAP	123.76	0.0033	get 0.0033% / 8h	7h 24m	$18.6M	$68.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$47.38
Price spread: −0.250% → −0.004%: −$24.54
Slippage, 4 orders: −$18.91
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$107.84
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Phoenix: live order book, 45 min ago; OKX: 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 Phoenix live order book, 45 min ago	3.23 bp	10.8 bp −$11	22.6 bp −$226	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.40 bp	8.1 bp −$8	14.6 bp −$146	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	124.05	−0.014%	$319K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.80	−0.218%	$13.3M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.97	−0.081%	$8.5M	$30.7M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.91	−0.129%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	124.01	−0.048%	$1.7M	$50K	10x	as long as short
Nado INTC-PERP	+0.0011%	1h	123.90	−0.135%	$170K	$245K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	−0.169%	$264K	$1.1M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.84	−0.185%	$615K	$2.8M	10x	as long as short
OKX INTC-USDT-SWAPshort	+0.0033%	8h	123.76	−0.250%	$18.6M	$68.0M	25x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.200%	$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	123.96	−0.088%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	124.12	+0.040%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.98	−0.069%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.95	−0.097%	$1.8M	$14.3M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.93	−0.113%	$1.3M	$2.2M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	124.20	+0.105%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.99	−0.064%	$5K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0101%	8h	123.91	−0.129%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.99	−0.066%	$50K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0131%	1h	123.96	−0.089%	$213K	$471K	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.04	−0.021%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0179%	8h	123.87	−0.162%	$72.4M	$402.7M	25x	as long as short
Extended INTC_24_5-USD	+0.0184%	1h	123.92	−0.119%	$348K	$1.8M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0202%	8h	124.14	+0.057%	$930K	$1.4M	10x	as long as short
Phoenix INTClong	+0.0258%	1h	124.07	long leg	$48K	$256K	10x
KuCoin INTCUSDTM	+0.0273%	8h	124.02	−0.040%	$1.2M	$53K	20x	as long as short
Bitget INTCUSDT	+0.0278%	8h	123.97	−0.081%	$25.6M	$32.7M	50x	as long as short
Lighter INTC	+0.0280%	1h	123.84	−0.182%	$1.5M	$1.8M	10x	as long as short
tradeXYZ xyz:INTC	+0.0286%	1h	123.78	−0.234%	$147.6M	$69.9M	10x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.99	−0.064%	$95K	$306K	10x	as long as short
BloFin INTC-USDT	+0.0301%	8h	124.04	−0.024%	$920K	$310K	25x	as long as short
edgeX INTCUSDC	+0.0314%	4h	124.10	+0.025%	$88K	$289K	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.96	−0.090%	$343K	$379K	10x	as long as short