Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.006%

Price spread now: Bybit against Deribit+0.091%7-day average +0.039% · 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−$38as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.091%, 7d avg +0.039%

Together, before fees−0.255%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.052% dearer against Deribit than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.039%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 5 days (−0.026% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INTC_USDC-PERPETUAL	120.84	0.0164	pay 0.0020% / 1h	10m 51s	$20K	$105K	10x
Short	Bybit INTCUSDT	120.95	0	get 0.0000% / 8h	7h 10m	$13.0M	$28.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$34.43
Price spread: +0.091% → +0.039%: $5.23
Slippage, 4 orders: −$25.12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$72.31
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Deribit: live order book, 22 min ago; Bybit: 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 Deribit live order book, 22 min ago	7.93 bp	11.4 bp −$11	15.0 bp −$150	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.25 bp	10.9 bp −$11	17.0 bp −$170	305.6 bp −$30.6K	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	120.86	+0.015%	$430K	$676K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	120.95	+0.091%	$13.0M	$28.4M	50x
Gate INTC_USDT	0.0000%	8h	120.96	+0.099%	$8.0M	$31.3M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	121.06	+0.182%	$25.3M	$30.8M	50x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.85	+0.008%	$1.7M	$49K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0003%	8h	120.97	+0.108%	$18.1M	$68.2M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	120.92	+0.066%	$666K	$2.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.41	−0.356%	$254K	$889K	10x	as long as short
Variational Omni INTC	+0.0033%	8h	120.67	−0.143%	$1.8M	$2.7M	—	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.414%	$213	$16K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX INTCUSDC	+0.0037%	4h	120.59	−0.204%	$86K	$298K	10x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	120.51	−0.277%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.80	−0.033%	$88K	$289K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.91	+0.058%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.86	+0.017%	$216K	$512K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.67	−0.141%	$1.2M	$2.6M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.79	−0.041%	$1.2M	$9.8M	10x	as long as short
Binance INTCUSDT	+0.0079%	8h	120.97	+0.108%	$69.4M	$399.0M	25x	as long as short
Nado INTC-PERP	+0.0080%	1h	120.78	−0.050%	$155K	$297K	10x	as long as short
Extended INTC_24_5-USD	+0.0080%	1h	120.93	+0.075%	$336K	$1.9M	10x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.91	+0.055%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.41	−0.356%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.81	−0.025%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0119%	8h	120.85	+0.012%	—	—	5x	as long as short
Lighter INTC	+0.0144%	1h	120.93	+0.075%	$1.4M	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0157%	8h	120.88	+0.033%	$1.1M	$179K	20x	as long as short
Deribit INTC_USDC-PERPETUALlong	+0.0164%	1h	120.84	long leg	$20K	$105K	10x
BloFin INTC-USDT	+0.0199%	8h	120.88	+0.033%	$893K	$334K	25x	as long as short
SoDEX INTC-USD	+0.0254%	1h	120.83	−0.006%	$27K	$4K	10x	as long as short
Phoenix INTC	+0.0264%	1h	120.59	−0.207%	$47K	$236K	10x	as long as short
tradeXYZ xyz:INTC	+0.0266%	1h	120.92	+0.066%	$145.8M	$57.6M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0288%	8h	120.63	−0.174%	$904K	$1.4M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.87	+0.025%	$317K	$312K	10x	as long as short