Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0507%/8h= −55.6% APRpaid last 24h −0.024%

Price spread now: Gate against Arcus0.000%7-day average +0.050% · 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−$45as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now 0.000%, 7d avg +0.050%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.050% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.019% in total (about 2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus INTC-USD	121.96	0.0507	pay 0.0063% / 1h	30m 45s	$107K	$299K	10x
Short	Gate INTC_USDT	121.96	0	get 0.0000% / 8h	2h 30m	$8.9M	$32.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$106.57
Price spread: 0.000% → +0.050%: −$5.03
Slippage, 4 orders: −$20.67
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$151.76
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Arcus: live order book, 57 min ago; Gate: live order book, 3 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, 57 min ago	4.52 bp	8.3 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.23 bp	12.6 bp −$13	24.2 bp −$242	39.8 bp −$3,981	84.2 bp −$42.1K

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	122.00	+0.033%	$302K	$501K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	121.95	−0.008%	$18.3M	$68.3M	25x	as long as short
Gate INTC_USDTshort	0.0000%	8h	121.96	0.000%	$8.9M	$32.3M	75x
Variational Omni INTC	0.0000%	8h	121.89	−0.057%	$2.1M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.92	−0.030%	$913K	$1.6M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.93	−0.025%	$20K	$180K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.98	+0.016%	$1.7M	$50K	10x	as long as short
Bybit INTCUSDT	+0.0003%	8h	122.00	+0.033%	$13.4M	$29.0M	50x	as long as short
Binance INTCUSDT	+0.0022%	8h	122.00	+0.034%	$71.4M	$411.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0024%	1h	121.99	+0.021%	$325K	$1.1M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH INTC	+0.0032%	1h	122.01	+0.041%	$602K	$3.1M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.508%	$213	$27K	12x	as long as short
Aftermath Perps INTCUSD	+0.0045%	1h	121.89	−0.056%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.97	+0.008%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.94	−0.016%	$204K	$399K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.97	+0.009%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.81	−0.123%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0080%	1h	121.97	+0.008%	$1.9M	$15.1M	10x	as long as short
Aevo INTC-PERP	+0.0088%	1h	121.99	+0.023%	$49K	—	10x	as long as short
BloFin INTC-USDT	+0.0089%	8h	122.01	+0.041%	$900K	$316K	25x	as long as short
Nado INTC-PERP	+0.0092%	1h	121.90	−0.047%	$171K	$233K	10x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	122.00	+0.033%	$1.2M	$61K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.86	−0.082%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.98	+0.016%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	121.93	−0.029%	—	—	5x	as long as short
Coinbase International INTC-PERP-INTX	+0.0160%	1h	121.83	−0.107%	$279K	$1.2M	10x	as long as short
Bitget INTCUSDT	+0.0218%	8h	122.00	+0.033%	$25.4M	$34.0M	50x	as long as short
tradeXYZ xyz:INTC	+0.0235%	1h	121.97	+0.008%	$144.1M	$80.6M	10x	as long as short
Phoenix INTC	+0.0263%	1h	121.90	−0.049%	$47K	$291K	10x	as long as short
Lighter INTC	+0.0400%	1h	122.06	+0.078%	$1.5M	$2.1M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	121.97	+0.010%	$328K	$367K	10x	as long as short
Arcus INTC-USDlong	+0.0507%	1h	121.96	long leg	$107K	$299K	10x
edgeX INTCUSDC	+0.0875%	4h	121.93	−0.026%	$86K	$287K	10x	as long as short