Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.075%

Price spread now: Bybit against Lighter−0.342%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.329%−$33 on $10k

Price spread, last 7 days+0.337%+$34 · spread now −0.342%, 7d avg +0.012%

Together, before fees+0.008%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.354% cheaper against Lighter than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter INTC	120.35	0.0080	pay 0.0010% / 1h	50m 25s	$1.4M	$1.8M	10x
Short	Bybit INTCUSDT	119.94	0	get 0.0000% / 8h	7h 50m	$12.8M	$28.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.342%Rate

Funding earned: −$16.8
Price spread: −0.342% → +0.012%: −$35.35
Slippage, 4 orders: −$13.09
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$76.24
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 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 Lighter live order book, 6 min ago	1.65 bp	1.7 bp −$2	6.8 bp −$68	36.1 bp −$3,615	doesn't fit
Sell Bybit live order book, 3 min ago	0.83 bp	10.6 bp −$11	21.9 bp −$219	298.9 bp −$29.9K	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	−0.0134%	8h	120.04	−0.258%	$25.2M	$30.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.03	−0.268%	$426K	$674K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	119.94	−0.342%	$12.8M	$28.1M	50x
Gate INTC_USDT	0.0000%	8h	119.97	−0.317%	$8.1M	$30.5M	75x	as long as short
Variational Omni INTC	0.0000%	8h	120.49	+0.111%	$2.0M	$2.5M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.47	+0.101%	$902K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.42	+0.057%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.43	+0.066%	$1.7M	$49K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0003%	8h	119.87	−0.400%	$17.9M	$67.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0024%	1h	120.24	−0.092%	$333K	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance INTCUSDT	+0.0025%	8h	120.03	−0.270%	$69.1M	$396.5M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	120.37	+0.016%	$677K	$2.7M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.18	−0.142%	$240K	$794K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.822%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	120.55	+0.168%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.13	−0.184%	$90K	$291K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.01	−0.283%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.10	−0.209%	$215K	$513K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.29	−0.051%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.20	−0.125%	$1.2M	$2.4M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.26	−0.076%	$1.2M	$9.9M	10x	as long as short
Lighter INTClong	+0.0080%	1h	120.35	long leg	$1.4M	$1.8M	10x
Paradex INTC-USD-PERP	+0.0081%	8h	120.27	−0.064%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	119.88	−0.388%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.54	+0.157%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	119.89	−0.383%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0107%	1h	119.99	−0.296%	$155K	$297K	10x	as long as short
BloFin INTC-USDT	+0.0109%	8h	120.40	+0.041%	$909K	$307K	25x	as long as short
KuCoin INTCUSDTM	+0.0120%	8h	120.12	−0.192%	$1.1M	$135K	20x	as long as short
Phoenix INTC	+0.0264%	1h	120.42	+0.057%	$46K	$236K	10x	as long as short
tradeXYZ xyz:INTC	+0.0321%	1h	119.95	−0.333%	$144.7M	$58.5M	10x	as long as short
edgeX INTCUSDC	+0.0334%	4h	120.35	+0.003%	$85K	$295K	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.21	−0.120%	$315K	$314K	10x	as long as short