Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.005%

Price spread now: Deribit against OKX−0.089%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.089%, 7d avg −0.020%

Together, before fees+0.231%+$23 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 Deribit is 0.070% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.059%, 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	OKX INTC-USDT-SWAP	123.22	0.0051	pay 0.0051% / 8h	4h 23m	$18.7M	$67.5M	25x
Short	Deribit INTC_USDC-PERPETUAL	123.11	0	get 0.0000% / 1h	23m 10s	$21K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$10.77
Price spread: −0.089% → −0.020%: −$6.96
Slippage, 4 orders: −$15.35
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$50.07
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Deribit: live order book, 35 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 OKX live order book, 6 min ago	0.41 bp	6.5 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit
Sell Deribit live order book, 35 min ago	5.69 bp	10.0 bp −$10	13.1 bp −$131	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
Nado INTC-PERP	−0.0068%	1h	123.10	−0.096%	$172K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.10	−0.095%	$307K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.21	−0.008%	$13.1M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.18	−0.032%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.25	+0.024%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUALshort	0.0000%	1h	123.11	−0.089%	$21K	$107K	10x
Phemex INTCUSDT	0.0000%	8h	123.22	0.000%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.20	−0.016%	$663K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.526%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.08	−0.114%	$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	123.11	−0.090%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.14	−0.065%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.17	−0.037%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.05	−0.138%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAPlong	+0.0051%	8h	123.22	long leg	$18.7M	$67.5M	25x
QFEX INTC-USD	+0.0060%	1h	123.14	−0.065%	$1.6M	$12.3M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0062%	8h	123.16	−0.049%	$923K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.10	−0.097%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.15	−0.057%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	123.16	−0.046%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0117%	1h	123.19	−0.024%	$212K	$481K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.20	−0.013%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0121%	8h	123.09	−0.104%	$2.1M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	−0.073%	$262K	$858K	10x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.18	−0.034%	$340K	$1.8M	10x	as long as short
Binance INTCUSDT	+0.0160%	8h	123.24	+0.014%	$72.9M	$399.9M	25x	as long as short
KuCoin INTCUSDTM	+0.0189%	8h	123.13	−0.073%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.23	+0.008%	$929K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0318%	1h	123.21	−0.008%	$147.3M	$69.0M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.10	−0.097%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0328%	1h	123.20	−0.012%	$1.5M	$2.1M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.20	−0.015%	$348K	$375K	10x	as long as short
edgeX INTCUSDC	+0.0859%	4h	123.10	−0.095%	$87K	$293K	10x	as long as short