Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.001%

Price spread now: BloFin against Lighter−0.044%60s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as 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−$150.152% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.044%, 7d avg +0.007%

Together, before fees+0.063%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 0.051% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.007%). Swap the legs. The two prices were read 60 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	Lighter INTC	123.19	0.0344	pay 0.0043% / 1h	14m 12s	$1.5M	$1.9M	10x
Short	BloFin INTC-USDT	123.14	0.0218	get 0.0218% / 8h	1h 14m	$907K	$323K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$26.46
Price spread: −0.044% → +0.007%: −$5.13
Slippage, 4 orders: −$3.24
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$46.83
Costs to cover: 0.152%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; BloFin: 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 Lighter live order book, 2 min ago	0.98 bp	1.0 bp −$1	2.9 bp −$29	21.6 bp −$2,162	doesn't fit
Sell BloFin live order book, 3 min ago	0.41 bp	6.6 bp −$7	11.4 bp −$114	24.4 bp −$2,438	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	123.17	−0.017%	$307K	$505K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.15	−0.036%	$18.6M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.16	−0.028%	$9.1M	$32.2M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.06	−0.109%	$21K	$180K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.16	−0.028%	$1.7M	$51K	10x	as long as short
Bybit INTCUSDT	+0.0019%	8h	123.16	−0.028%	$13.4M	$29.2M	50x	as long as short
GRVT INTC_USDT_Perp	+0.0020%	8h	123.04	−0.125%	$922K	$1.5M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.14	−0.044%	$601K	$3.0M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.505%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0042%	1h	123.11	−0.066%	$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	123.13	−0.052%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.13	−0.054%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.09	−0.084%	$1.3M	$2.2M	10x	as long as short
Variational Omni INTC	+0.0052%	8h	123.03	−0.129%	$2.1M	$2.4M	—	as long as short
Nado INTC-PERP	+0.0057%	1h	123.05	−0.117%	$169K	$237K	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.13	−0.052%	$1.9M	$15.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	123.07	−0.101%	$264K	$1.2M	10x	as long as short
Polymarket Perps INTC-USD	+0.0071%	1h	123.14	−0.044%	$206K	$433K	10x	as long as short
Paradex INTC-USD-PERP	+0.0087%	8h	123.14	−0.045%	—	—	5x	as long as short
Extended INTC_24_5-USD	+0.0096%	1h	123.14	−0.046%	$343K	$1.1M	10x	as long as short
Binance INTCUSDT	+0.0098%	8h	123.16	−0.024%	$72.1M	$411.2M	25x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.97	−0.182%	$45K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.11	−0.068%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	123.16	−0.031%	$50K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0180%	8h	123.17	−0.019%	$1.2M	$60K	20x	as long as short
BloFin INTC-USDTshort	+0.0218%	8h	123.14	−0.044%	$907K	$323K	25x
Bitget INTCUSDT	+0.0230%	8h	123.17	−0.019%	$25.4M	$34.3M	50x	as long as short
tradeXYZ xyz:INTC	+0.0238%	1h	123.14	−0.044%	$145.7M	$79.6M	10x	as long as short
RISEx INTC/USDC	+0.0257%	1h	123.17	−0.019%	$341K	$371K	10x	as long as short
Phoenix INTC	+0.0262%	1h	123.09	−0.084%	$47K	$256K	10x	as long as short
Lighter INTClong	+0.0344%	1h	123.19	long leg	$1.5M	$1.9M	10x
Arcus INTC-USD	+0.0693%	1h	123.14	−0.044%	$108K	$298K	10x	as long as short
edgeX INTCUSDC	+0.0949%	4h	123.04	−0.124%	$87K	$289K	10x	as long as short