Funding arb · Price arb /

INTW

RWAall INTW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against Binance−0.003%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1421.419% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.003%, 7d avg −0.023%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.020% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INTWUSDT	33.211	0	get 0.0000% / 8h	4h 25m	$3.1M	$33.8M	25x
Short	Bybit INTWUSDT	33.210	0	get 0.0000% / 8h	4h 25m	$788K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → −0.023%: $2.04
Slippage, 4 orders: −$120.92
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$139.87
Costs to cover: 1.419%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 5 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 Binance live order book, 1 min ago	1.50 bp	13.8 bp −$14	38.3 bp −$383	138.3 bp −$13.8K	doesn't fit
Sell Bybit live order book, 5 min ago	4.52 bp	56.7 bp −$57	185.9 bp −$1,859	doesn't fit	doesn't fit

INTW on 8 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 INTWUSDT	−0.0163%	8h	33.206	−0.015%	$387K	$1.6M	20x	as long as short
Binance INTWUSDTlong	0.0000%	8h	33.211	long leg	$3.1M	$33.8M	25x
Bybit INTWUSDTshort	0.0000%	8h	33.210	−0.003%	$788K	$1.1M	25x
OKX INTW-USDT-SWAP	0.0000%	8h	33.270	+0.178%	$336K	$2.4M	25x	as long as short
Gate INTW_USDT	0.0000%	8h	33.200	−0.033%	$527K	$2.1M	25x	as long as short
MEXC INTW_USDT	0.0000%	8h	33.200	−0.033%	$1.4M	$411K	50x	as long as short
HTX INTW-USDT	0.0000%	8h	33.240	+0.088%	$10K	$8K	10x	as long as short
KuCoin INTWUSDTM	+0.0100%	8h	33.210	−0.003%	$61K	$105K	20x	as long as short