Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.039%

Price spread now: Extended against GRVT−0.306%72s7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.247% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.306%, 7d avg −0.046%

Together, before fees+0.267%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.260% cheaper against GRVT than usual: you would sell low and buy high (spread −0.306% now, against its 7-day average of −0.046%). If the spread goes back, that is −$26 on $10k: about 7.7 days of funding at the current rate (+$3 a day). The two prices were read 72 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	GRVT INTC_USDT_Perp	121.07	0.0007	pay 0.0007% / 8h	3h 02m	$907K	$1.4M	10x
Short	Extended INTC_24_5-USD	120.70	0.0120	get 0.0015% / 1h	2m 10s	$334K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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 GRVTbpFee ExtendedbpOrdersPrice spread, now −0.306%Rate

Funding earned: $23.73
Price spread: −0.306% → −0.046%: −$26
Slippage, 4 orders: −$10.75
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$27.01
Costs to cover: 0.247%
Break-even: 15.0 days

Slippage from GRVT: live order book, 1 min ago; Extended: live order book, 1 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 GRVT live order book, 1 min ago	1.24 bp	8.9 bp −$9	26.4 bp −$264	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.37 bp	4.2 bp −$4	16.3 bp −$163	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	−0.0623%	8h	120.83	−0.198%	$25.0M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0028%	1h	120.70	−0.309%	$165K	$285K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	120.74	−0.269%	$303K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.65	−0.347%	$12.8M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.71	−0.297%	$8.4M	$30.4M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.66	−0.338%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.75	−0.264%	$1.7M	$50K	10x	as long as short
GRVT INTC_USDT_Perplong	+0.0007%	8h	121.07	long leg	$907K	$1.4M	10x
Lighter RH INTC	+0.0032%	1h	120.70	−0.305%	$658K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.223%	$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
Arcus INTC-USD	+0.0040%	1h	120.89	−0.148%	$91K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0044%	1h	120.89	−0.146%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.68	−0.322%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.73	−0.280%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.66	−0.338%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	120.76	−0.256%	$1.4M	$11.4M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0058%	8h	120.65	−0.347%	$18.2M	$67.4M	25x	as long as short
Variational Omni INTC	+0.0078%	8h	121.11	+0.037%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.90	−0.140%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.71	−0.297%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0106%	8h	120.76	−0.258%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	120.73	−0.280%	$49K	—	10x	as long as short
Extended INTC_24_5-USDshort	+0.0120%	1h	120.70	−0.306%	$334K	$1.9M	10x
Binance INTCUSDT	+0.0120%	8h	120.67	−0.330%	$70.9M	$398.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0138%	1h	120.74	−0.272%	$208K	$491K	10x	as long as short
KuCoin INTCUSDTM	+0.0149%	8h	120.79	−0.231%	$1.1M	$106K	20x	as long as short
Lighter INTC	+0.0184%	1h	120.74	−0.270%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	120.71	−0.297%	$255K	$821K	10x	as long as short
BloFin INTC-USDT	+0.0242%	8h	120.89	−0.148%	$905K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0282%	1h	120.65	−0.347%	$144.5M	$66.2M	10x	as long as short
Phoenix INTC	+0.0326%	1h	120.92	−0.124%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	120.79	−0.233%	$327K	$354K	10x	as long as short
edgeX INTCUSDC	+0.0772%	4h	121.07	−0.003%	$86K	$294K	10x	as long as short