Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0301%/8h= +33.0% APRpaid last 24h +0.054%

Price spread now: BloFin against Deribit+0.089%57s7-day average +0.058% · 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−$360.365% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.187%+$19 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.089%, 7d avg +0.058%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.031% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.058%. The two prices were read 57 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	Deribit INTC_USDC-PERPETUAL	124.05	0	get 0.0000% / 1h	36m 08s	$21K	$107K	10x
Short	BloFin INTC-USDT	124.16	0.0301	get 0.0301% / 8h	7h 36m	$922K	$317K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now +0.089%Rate

Funding earned: $63.25
Price spread: +0.089% → +0.058%: $3.1
Slippage, 4 orders: −$17.49
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $29.85
Costs to cover: 0.365%
Break-even: 3.7 days

Slippage from Deribit: live order book, 37 min ago; BloFin: live order book, 36 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 Deribit live order book, 37 min ago	6.47 bp	10.0 bp −$10	13.9 bp −$139	doesn't fit	doesn't fit
Sell BloFin live order book, 36 min ago	0.81 bp	7.2 bp −$7	9.8 bp −$98	24.1 bp −$2,412	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	124.08	+0.027%	$319K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.97	−0.064%	$13.4M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	124.07	+0.016%	$8.6M	$30.6M	75x	as long as short
Deribit INTC_USDC-PERPETUALlong	0.0000%	1h	124.05	long leg	$21K	$107K	10x
Phemex INTCUSDT	0.0000%	8h	124.11	+0.048%	$1.7M	$52K	10x	as long as short
Nado INTC-PERP	+0.0012%	1h	124.04	−0.011%	$170K	$243K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	124.02	−0.024%	$263K	$1.1M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	124.12	+0.056%	$619K	$2.8M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0033%	8h	123.94	−0.089%	$18.7M	$68.0M	25x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.185%	$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	+0.0038%	1h	124.05	+0.004%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	124.21	+0.129%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	124.06	+0.012%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	124.11	+0.048%	$1.9M	$14.7M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.87	−0.145%	$1.3M	$2.2M	10x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	124.03	−0.016%	$5K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0107%	8h	124.11	+0.045%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0116%	1h	123.94	−0.089%	$46K	$259K	50x	as long as short
Aevo INTC-PERP	+0.0128%	1h	124.07	+0.018%	$50K	—	10x	as long as short
edgeX INTCUSDC	+0.0138%	4h	123.92	−0.103%	$88K	$289K	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.09	+0.029%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0184%	8h	123.95	−0.081%	$72.4M	$403.0M	25x	as long as short
Extended INTC_24_5-USD	+0.0184%	1h	124.09	+0.031%	$349K	$1.7M	10x	as long as short
Polymarket Perps INTC-USD	+0.0209%	1h	124.08	+0.024%	$214K	$470K	10x	as long as short
Lighter INTC	+0.0256%	1h	124.15	+0.081%	$1.5M	$1.8M	10x	as long as short
Phoenix INTC	+0.0258%	1h	123.90	−0.121%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0277%	8h	124.14	+0.073%	$1.2M	$52K	20x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.98	−0.056%	$95K	$306K	10x	as long as short
BloFin INTC-USDTshort	+0.0301%	8h	124.16	+0.089%	$922K	$317K	25x
tradeXYZ xyz:INTC	+0.0321%	1h	123.99	−0.048%	$147.9M	$71.8M	10x	as long as short
Bitget INTCUSDT	+0.0350%	8h	124.12	+0.056%	$25.6M	$33.0M	50x	as long as short
RISEx INTC/USDC	+0.0427%	1h	124.12	+0.054%	$344K	$378K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0490%	8h	123.89	−0.133%	$928K	$1.4M	10x	as long as short