Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.024%

Price spread now: Bybit against Lighter RH+0.016%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.016%, 7d avg +0.041%

Together, before fees+0.093%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.099%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH INTC	123.09	0.0032	pay 0.0004% / 1h	24m 25s	$658K	$2.9M	10x
Short	Bybit INTCUSDT	123.11	0	get 0.0000% / 8h	4h 24m	$13.1M	$28.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter RH. 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 Lighter RHbpFee BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$6.72
Price spread: +0.016% → +0.041%: −$2.51
Slippage, 4 orders: −$11.64
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.87
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Bybit: live order book, 4 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 RH live order book, 4 min ago	2.03 bp	2.6 bp −$3	5.2 bp −$52	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.41 bp	8.0 bp −$8	12.9 bp −$129	352.6 bp −$35.3K	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
Nado INTC-PERP	−0.0068%	1h	123.02	−0.055%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.05	−0.029%	$307K	$522K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	123.11	+0.016%	$13.1M	$28.5M	50x
Gate INTC_USDT	0.0000%	8h	123.09	0.000%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.15	+0.049%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.00	−0.073%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.09	0.000%	$1.7M	$50K	10x	as long as short
Lighter RH INTClong	+0.0032%	1h	123.09	long leg	$658K	$2.9M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.422%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.07	−0.016%	$93K	$307K	10x	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	+0.0043%	1h	123.08	−0.008%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.07	−0.016%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.08	−0.008%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.05	−0.032%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0051%	8h	123.11	+0.016%	$18.7M	$67.5M	25x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.09	0.000%	$1.6M	$12.3M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0062%	8h	123.16	+0.057%	$923K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.10	+0.008%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.08	−0.008%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	123.07	−0.017%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0115%	1h	123.11	+0.016%	$212K	$482K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.10	+0.009%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0121%	8h	123.09	+0.002%	$2.1M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	+0.032%	$262K	$859K	10x	as long as short
Binance INTCUSDT	+0.0159%	8h	123.13	+0.032%	$72.9M	$399.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.08	−0.005%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0190%	8h	123.13	+0.032%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.16	+0.057%	$929K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0315%	1h	123.10	+0.008%	$147.1M	$68.9M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.15	+0.049%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0328%	1h	123.15	+0.045%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.14	+0.038%	$348K	$376K	10x	as long as short
edgeX INTCUSDC	+0.0975%	4h	123.14	+0.045%	$87K	$292K	10x	as long as short