Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0226%/8h= −24.8% APRpaid last 24h +0.019%

Price spread now: OKX against Deribit+0.058%46s7-day average +0.019% · 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−$320.322% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.059%−$6 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.058%, 7d avg +0.019%

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

The price spread pays, funding is against you. OKX is 0.039% dearer against Deribit than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.019%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 5 days (−0.059% in total) that is about 3.3 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.059% in total (about -4.3% 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	Deribit INTC_USDC-PERPETUAL	120.95	0.0246	pay 0.0031% / 1h	20m 33s	$20K	$110K	10x
Short	OKX INTC-USDT-SWAP	121.02	0.0020	get 0.0020% / 8h	20m 33s	$18.1M	$67.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$47.5
Price spread: +0.058% → +0.019%: $3.86
Slippage, 4 orders: −$15.23
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$75.87
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Deribit: live order book, 18 min ago; OKX: 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, 18 min ago	0.41 bp	10.5 bp −$11	13.2 bp −$132	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.41 bp	6.9 bp −$7	12.7 bp −$127	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
Bitget INTCUSDT	−0.0404%	8h	121.13	+0.149%	$25.2M	$32.5M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.08	+0.105%	$429K	$671K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.03	+0.066%	$12.9M	$28.7M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.03	+0.066%	$8.2M	$31.2M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.87	−0.067%	$906K	$1.5M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.04	+0.074%	$1.7M	$49K	10x	as long as short
Variational Omni INTC	+0.0013%	8h	120.99	+0.036%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAPshort	+0.0020%	8h	121.02	+0.058%	$18.1M	$67.8M	25x
Lighter RH INTC	+0.0032%	1h	121.04	+0.074%	$671K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.322%	$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	+0.0037%	1h	121.01	+0.052%	$2K	$55K	10x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.03	+0.066%	$1.3M	$10.0M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.91	−0.033%	$91K	$290K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.96	+0.008%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.03	+0.063%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.89	−0.050%	$1.2M	$2.5M	10x	as long as short
Binance INTCUSDT	+0.0056%	8h	121.04	+0.074%	$69.5M	$397.5M	25x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	120.98	+0.023%	$334K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.15	−0.661%	$240K	$816K	10x	as long as short
Polymarket Perps INTC-USD	+0.0076%	1h	121.04	+0.074%	$216K	$548K	10x	as long as short
Paradex INTC-USD-PERP	+0.0086%	8h	121.01	+0.049%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.02	+0.058%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.84	−0.091%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.97	+0.017%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0103%	1h	120.93	−0.015%	$157K	$298K	10x	as long as short
KuCoin INTCUSDTM	+0.0125%	8h	121.00	+0.041%	$1.1M	$110K	20x	as long as short
BloFin INTC-USDT	+0.0174%	8h	121.03	+0.066%	$903K	$309K	25x	as long as short
Phoenix INTC	+0.0198%	1h	120.93	−0.017%	$47K	$236K	10x	as long as short
Lighter INTC	+0.0224%	1h	121.05	+0.080%	$1.4M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.06	+0.089%	$317K	$317K	10x	as long as short
Deribit INTC_USDC-PERPETUALlong	+0.0246%	1h	120.95	long leg	$20K	$110K	10x
tradeXYZ xyz:INTC	+0.0282%	1h	121.04	+0.074%	$146.1M	$60.6M	10x	as long as short
edgeX INTCUSDC	+0.0415%	4h	120.80	−0.121%	$86K	$295K	10x	as long as short