Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.059%

Price spread now: Bybit against Arcus+0.066%46s7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$400.401% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.066%, 7d avg +0.061%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. 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	Arcus INTC-USD	121.22	0.0040	pay 0.0005% / 1h	58m 52s	$91K	$290K	10x
Short	Bybit INTCUSDT	121.30	0	get 0.0000% / 8h	7h 58m	$12.9M	$28.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$8.46
Price spread: +0.066% → +0.061%: $0.52
Slippage, 4 orders: −$24.56
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from Arcus: live order book, 40 min ago; Bybit: live order book, 5 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 Arcus live order book, 40 min ago	4.95 bp	10.1 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.41 bp	10.0 bp −$10	16.6 bp −$166	327.9 bp −$32.8K	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	−0.0205%	8h	121.30	+0.066%	$25.3M	$31.9M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.37	+0.127%	$430K	$674K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	121.30	+0.066%	$12.9M	$28.2M	50x
Gate INTC_USDT	0.0000%	8h	121.23	+0.008%	$8.3M	$30.4M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.34	+0.099%	$909K	$1.4M	10x	as long as short
Nado INTC-PERP	0.0000%	1h	121.19	−0.026%	$157K	$296K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.24	+0.016%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.24	+0.016%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0009%	8h	121.30	+0.065%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0019%	8h	121.32	+0.082%	$18.1M	$67.8M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International INTC-PERP-INTX	+0.0032%	1h	121.27	+0.041%	$246K	$820K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.099%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	121.24	+0.020%	$2K	$55K	10x	as long as short
Arcus INTC-USDlong	+0.0040%	1h	121.22	long leg	$91K	$290K	10x
Vest INTC-USD-PERP	+0.0046%	1h	121.24	+0.016%	—	$1.5M	25x	as long as short
edgeX INTCUSDC	+0.0048%	4h	121.38	+0.133%	$86K	$296K	10x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.10	−0.099%	$217K	$550K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.27	+0.044%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.31	+0.074%	$1.2M	$2.5M	10x	as long as short
Binance INTCUSDT	+0.0053%	8h	121.29	+0.060%	$69.7M	$397.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	121.22	−0.003%	$334K	$1.9M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	121.24	+0.016%	$1.3M	$9.9M	10x	as long as short
Paradex INTC-USD-PERP	+0.0082%	8h	121.32	+0.087%	—	—	5x	as long as short
Lighter RH INTC	+0.0096%	1h	121.24	+0.016%	$676K	$2.7M	10x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.25	+0.025%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.38	+0.132%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.26	+0.033%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0123%	8h	121.25	+0.025%	$1.1M	$125K	20x	as long as short
Lighter INTC	+0.0136%	1h	121.23	+0.007%	$1.4M	$1.8M	10x	as long as short
BloFin INTC-USDT	+0.0173%	8h	121.22	0.000%	$901K	$309K	25x	as long as short
Phoenix INTC	+0.0198%	1h	121.28	+0.049%	$47K	$235K	10x	as long as short
tradeXYZ xyz:INTC	+0.0226%	1h	121.16	−0.049%	$146.2M	$60.1M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	121.33	+0.093%	$318K	$314K	10x	as long as short