Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h +0.032%

Price spread now: Lighter against Bitget+0.011%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.011%, 7d avg −0.019%

Together, before fees+0.126%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.030% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget INTCUSDT	123.13	0.0227	pay 0.0227% / 8h	1h 34m	$25.5M	$34.3M	50x
Short	Lighter INTC	123.14	0.0368	get 0.0046% / 1h	34m 06s	$1.5M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.011%Rate

Funding earned: $29.61
Price spread: +0.011% → −0.019%: $3
Slippage, 4 orders: −$9.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.49
Costs to cover: 0.211%
Break-even: 4.3 days

Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 2 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 Bitget live order book, 5 min ago	0.41 bp	7.8 bp −$8	13.5 bp −$135	36.3 bp −$3,632	doesn't fit
Sell Lighter live order book, 2 min ago	0.94 bp	2.2 bp −$2	11.6 bp −$116	43.7 bp −$4,368	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	123.07	−0.049%	$306K	$505K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.10	−0.024%	$18.5M	$69.1M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.12	−0.008%	$9.1M	$32.1M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.10	−0.024%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0006%	8h	122.89	−0.195%	$921K	$1.5M	10x	as long as short
Bybit INTCUSDT	+0.0027%	8h	123.12	−0.008%	$13.5M	$29.1M	50x	as long as short
Variational Omni INTC	+0.0030%	8h	122.96	−0.137%	$2.1M	$2.4M	—	as long as short
Lighter RH INTC	+0.0032%	1h	123.10	−0.024%	$603K	$3.0M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.454%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	122.85	−0.225%	$2K	$53K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	123.16	+0.024%	—	$1.5M	25x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.82	−0.252%	$1.3M	$2.2M	10x	as long as short
Nado INTC-PERP	+0.0056%	1h	122.90	−0.186%	$169K	$232K	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.09	−0.032%	$1.9M	$15.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.29	−0.682%	$271K	$1.2M	10x	as long as short
SoDEX INTC-USD	+0.0074%	1h	123.06	−0.057%	$27K	$4K	10x	as long as short
Extended INTC_24_5-USD	+0.0080%	1h	123.13	−0.002%	$339K	$1.1M	10x	as long as short
Binance INTCUSDT	+0.0083%	8h	123.10	−0.024%	$72.0M	$410.9M	25x	as long as short
Paradex INTC-USD-PERP	+0.0095%	8h	123.04	−0.071%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.84	−0.236%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.08	−0.041%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	123.08	−0.040%	$50K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0122%	1h	123.06	−0.057%	$206K	$423K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0157%	1h	123.04	−0.073%	$21K	$180K	10x	as long as short
KuCoin INTCUSDTM	+0.0160%	8h	123.00	−0.106%	$1.2M	$59K	20x	as long as short
BloFin INTC-USDT	+0.0202%	8h	122.94	−0.154%	$901K	$319K	25x	as long as short
Bitget INTCUSDTlong	+0.0227%	8h	123.13	long leg	$25.5M	$34.3M	50x
tradeXYZ xyz:INTC	+0.0229%	1h	123.10	−0.024%	$145.8M	$80.1M	10x	as long as short
RISEx INTC/USDC	+0.0257%	1h	123.05	−0.065%	$331K	$366K	10x	as long as short
Phoenix INTC	+0.0262%	1h	122.83	−0.244%	$47K	$256K	10x	as long as short
Lighter INTCshort	+0.0368%	1h	123.14	+0.011%	$1.5M	$1.9M	10x
edgeX INTCUSDC	+0.0680%	4h	122.88	−0.201%	$87K	$287K	10x	as long as short
Arcus INTC-USD	+0.0693%	1h	123.05	−0.065%	$108K	$298K	10x	as long as short