Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.093%

Price spread now: GRVT against Nado+0.234%61s7-day average +0.004% · 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−$470.473% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.151%−$15 on $10k

Price spread, last 3 days (all we have)−0.436%−$44 · spread now +0.234%, 7d avg +0.004%

Together, before fees−0.587%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.229% dearer against Nado than usual: you sell high and buy low (spread +0.234% now, against its 7-day average of +0.004%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days. At the pace of the last 3 days (−0.151% in total) that is about 4.8 days. The two prices were read 61 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	Nado INTC-PERP	123.19	0.0031	pay 0.0004% / 1h	26m 23s	$169K	$240K	10x
Short	GRVT INTC_USDT_Perp	123.48	0.0003	get 0.0003% / 8h	26m 23s	$925K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Nado. 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 NadobpFee GRVTbpOrdersPrice spread, now +0.234%Rate

Funding earned: −$5.83
Price spread: +0.234% → +0.004%: $22.95
Slippage, 4 orders: −$31.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$30.2
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from Nado: live order book, 51 min ago; GRVT: live order book, 2 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 Nado live order book, 51 min ago	1.22 bp	11.4 bp −$11	34.0 bp −$340	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	2.43 bp	8.1 bp −$8	11.1 bp −$111	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
Aster INTCUSDT	0.0000%	8h	123.36	+0.137%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.25	+0.051%	$18.6M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.22	+0.027%	$9.0M	$32.3M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.31	+0.100%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perpshort	+0.0003%	8h	123.48	+0.234%	$925K	$1.4M	10x
Bybit INTCUSDT	+0.0008%	8h	123.28	+0.076%	$13.4M	$28.9M	50x	as long as short
Nado INTC-PERPlong	+0.0031%	1h	123.19	long leg	$169K	$240K	10x
Lighter RH INTC	+0.0032%	1h	123.25	+0.051%	$607K	$3.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.27	+0.067%	$263K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.499%	$213	$23K	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	+0.0041%	1h	123.30	+0.092%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.34	+0.124%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	123.26	+0.059%	$213K	$453K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.31	+0.096%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.29	+0.084%	$1.3M	$2.3M	10x	as long as short
Variational Omni INTC	+0.0053%	8h	123.49	+0.247%	$2.2M	$2.5M	—	as long as short
QFEX INTC-USD	+0.0055%	1h	123.23	+0.035%	$1.9M	$15.3M	10x	as long as short
Paradex INTC-USD-PERP	+0.0086%	8h	123.23	+0.038%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.44	+0.205%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.28	+0.076%	$4K	$3K	10x	as long as short
Binance INTCUSDT	+0.0103%	8h	123.27	+0.066%	$71.7M	$410.3M	25x	as long as short
Extended INTC_24_5-USD	+0.0104%	1h	123.23	+0.036%	$349K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	123.32	+0.106%	$50K	—	10x	as long as short
edgeX INTCUSDC	+0.0129%	4h	123.44	+0.204%	$88K	$287K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0156%	1h	123.25	+0.051%	$21K	$178K	10x	as long as short
KuCoin INTCUSDTM	+0.0213%	8h	123.34	+0.124%	$1.2M	$58K	20x	as long as short
BloFin INTC-USDT	+0.0224%	8h	123.32	+0.108%	$917K	$310K	25x	as long as short
tradeXYZ xyz:INTC	+0.0225%	1h	123.28	+0.076%	$146.4M	$79.3M	10x	as long as short
Bitget INTCUSDT	+0.0233%	8h	123.29	+0.084%	$25.4M	$34.2M	50x	as long as short
Lighter INTC	+0.0272%	1h	123.30	+0.088%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.44	+0.205%	$47K	$256K	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.29	+0.085%	$341K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.22	+0.027%	$95K	$311K	10x	as long as short