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 −0.094%

Price spread now: GRVT against Arcus+0.811%114s7-day average +0.053% · 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−$430.434% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−0.927%−$93 · spread now +0.811%, 7d avg +0.053%

Together, before fees−1.034%+ Points / potential airdropGRVT: Active · farm board−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.758% dearer against Arcus than usual: you sell high and buy low (spread +0.811% now, against its 7-day average of +0.053%): +$76 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 4 days (−0.107% in total) that is about 27 days. The two prices were read 114 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	120.37	0.0040	pay 0.0005% / 1h	53m 42s	$90K	$291K	10x
Short	GRVT INTC_USDT_Perp	121.35	0	get 0.0000% / 8h	7h 53m	$909K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.811%Rate

Funding earned: −$8.46
Price spread: +0.811% → +0.053%: $75.81
Slippage, 4 orders: −$29.86
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $23.99
Costs to cover: 0.434%
Break-even: from the start

Slippage from Arcus: live order book, 45 min ago; GRVT: 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 Arcus live order book, 45 min ago	4.95 bp	10.1 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	2.47 bp	10.4 bp −$10	15.5 bp −$155	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
SoDEX INTC-USD	−0.0262%	1h	120.13	−0.203%	$27K	$4K	10x	as long as short
Bitget INTCUSDT	−0.0159%	8h	120.54	+0.141%	$25.2M	$30.9M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.50	+0.106%	$428K	$674K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.41	+0.033%	$12.9M	$28.0M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.41	+0.033%	$8.2M	$30.5M	75x	as long as short
GRVT INTC_USDT_Perpshort	0.0000%	8h	121.35	+0.811%	$909K	$1.4M	10x
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.05	−0.266%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.28	−0.075%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0010%	8h	120.86	+0.403%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0013%	8h	120.39	+0.017%	$18.0M	$67.4M	25x	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	120.42	+0.042%	$676K	$2.7M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.18	−0.158%	$240K	$794K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.806%	$213	$16K	12x	as long as short
Binance INTCUSDT	+0.0034%	8h	120.42	+0.038%	$69.2M	$396.3M	25x	as long as short
Arcus INTC-USDlong	+0.0040%	1h	120.37	long leg	$90K	$291K	10x
Aftermath Perps INTCUSD	+0.0041%	1h	120.80	+0.357%	$2K	$55K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	119.94	−0.357%	—	$1.5M	25x	as long as short
Extended INTC_24_5-USD	+0.0048%	1h	120.39	+0.020%	$332K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	119.84	−0.440%	$214K	$513K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	119.60	−0.640%	$1.2M	$2.4M	10x	as long as short
Lighter INTC	+0.0056%	1h	120.37	0.000%	$1.4M	$1.8M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.37	0.000%	$1.3M	$9.9M	10x	as long as short
Paradex INTC-USD-PERP	+0.0081%	8h	120.44	+0.055%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.13	−0.198%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.19	+0.681%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.19	−0.150%	$4K	$3K	10x	as long as short
edgeX INTCUSDC	+0.0116%	4h	121.12	+0.624%	$86K	$295K	10x	as long as short
KuCoin INTCUSDTM	+0.0119%	8h	120.48	+0.091%	$1.1M	$130K	20x	as long as short
Nado INTC-PERP	+0.0142%	1h	119.92	−0.374%	$155K	$297K	10x	as long as short
BloFin INTC-USDT	+0.0169%	8h	120.04	−0.274%	$900K	$306K	25x	as long as short
Phoenix INTC	+0.0198%	1h	121.18	+0.673%	$47K	$236K	10x	as long as short
tradeXYZ xyz:INTC	+0.0322%	1h	120.40	+0.025%	$145.3M	$58.2M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.47	+0.084%	$316K	$315K	10x	as long as short