Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0670%/8h= −73.4% APRpaid last 24h −0.063%

Price spread now: Aster against tradeXYZ−0.111%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1081.080% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.111%, 7d avg +0.035%

Together, before fees−0.143%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Aster is 0.146% cheaper against tradeXYZ than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.286% in total (about -14.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:INTC	124.30	0.0670	pay 0.0084% / 1h	51m 16s	$148.0M	$74.1M	10x
Short	Aster INTCUSDT	124.16	0	get 0.0000% / 8h	7h 51m	$317K	$517K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$140.79
Price spread: −0.111% → +0.035%: −$14.62
Slippage, 4 orders: −$82.03
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$263.43
Costs to cover: 1.080%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Aster: live order book, 21 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 tradeXYZ live order book, 8 min ago	1.21 bp	11.6 bp −$12	13.5 bp −$135	doesn't fit	doesn't fit
Sell Aster live order book, 21 min ago	3.23 bp	22.1 bp −$22	260.8 bp −$2,608	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	−0.0018%	1h	124.28	−0.012%	$171K	$241K	10x	as long as short
Aster INTCUSDTshort	0.0000%	8h	124.16	−0.111%	$317K	$517K	20x
Gate INTC_USDT	0.0000%	8h	124.31	+0.008%	$8.7M	$30.3M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	124.29	−0.008%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	124.31	+0.008%	$1.7M	$51K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	124.02	−0.225%	$263K	$1.1M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0022%	8h	124.32	+0.016%	$18.8M	$68.8M	25x	as long as short
Bybit INTCUSDT	+0.0025%	8h	124.33	+0.024%	$13.4M	$28.6M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	124.31	+0.008%	$616K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.381%	$213	$22K	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	+0.0037%	1h	124.21	−0.075%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	124.49	+0.153%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0050%	1h	124.35	+0.040%	$1.9M	$15.0M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	124.28	−0.016%	$1.3M	$2.2M	10x	as long as short
Variational Omni INTC	+0.0095%	8h	124.31	+0.005%	$2.2M	$2.5M	—	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	124.30	0.000%	$5K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0106%	8h	124.35	+0.043%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0120%	1h	124.29	−0.007%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0144%	1h	124.30	+0.003%	$353K	$1.2M	10x	as long as short
Binance INTCUSDT	+0.0147%	8h	124.33	+0.024%	$72.6M	$404.5M	25x	as long as short
SoDEX INTC-USD	+0.0148%	1h	124.31	+0.008%	$28K	$4K	10x	as long as short
ApeX Omni INTCUSDT	+0.0253%	1h	124.15	−0.121%	$46K	$258K	50x	as long as short
KuCoin INTCUSDTM	+0.0255%	8h	124.24	−0.048%	$1.2M	$57K	20x	as long as short
Phoenix INTC	+0.0258%	1h	124.30	0.000%	$48K	$256K	10x	as long as short
Lighter INTC	+0.0264%	1h	124.37	+0.060%	$1.5M	$1.7M	10x	as long as short
BloFin INTC-USDT	+0.0267%	8h	124.35	+0.040%	$915K	$318K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	124.22	−0.064%	$95K	$307K	10x	as long as short
Bitget INTCUSDT	+0.0304%	8h	124.33	+0.024%	$25.6M	$33.4M	50x	as long as short
GRVT INTC_USDT_Perp	+0.0415%	8h	124.26	−0.032%	$931K	$1.4M	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	124.35	+0.041%	$344K	$379K	10x	as long as short
Polymarket Perps INTC-USD	+0.0573%	1h	124.32	+0.016%	$214K	$467K	10x	as long as short
tradeXYZ xyz:INTClong	+0.0670%	1h	124.30	long leg	$148.0M	$74.1M	10x
edgeX INTCUSDC	+0.0974%	4h	124.24	−0.048%	$88K	$289K	10x	as long as short