Funding arb · Price arb /

INTW

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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 0.000%

Price spread now: Bybit against Gate+0.030%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$299as in the Funding arb table

Net, price: spread back to 7d avg − costs−$301as in the Price arb table

costs, in and out, $10k−$2972.967% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.030%, 7d avg +0.076%

Together, before fees+0.010%+$1 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 0.046% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate INTW_USDT	33.230	0	get 0.0000% / 8h	4h 26m	$527K	$2.1M	25x
Short	Bybit INTWUSDT	33.240	0	get 0.0000% / 8h	4h 26m	$788K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.076%: −$4.57
Slippage, 4 orders: −$270.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$301.31
Costs to cover: 2.967%
Break-even: never at this rate

Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago	4.52 bp	109.5 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 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	−0.0165%	8h	33.215	−0.045%	$387K	$1.6M	20x	as long as short
Binance INTWUSDT	0.0000%	8h	33.231	+0.003%	$3.1M	$33.8M	25x	as long as short
Bybit INTWUSDTshort	0.0000%	8h	33.240	+0.030%	$788K	$1.1M	25x
OKX INTW-USDT-SWAP	0.0000%	8h	33.270	+0.120%	$336K	$2.4M	25x	as long as short
Gate INTW_USDTlong	0.0000%	8h	33.230	long leg	$527K	$2.1M	25x
MEXC INTW_USDT	0.0000%	8h	33.220	−0.030%	$1.4M	$411K	50x	as long as short
HTX INTW-USDT	0.0000%	8h	33.240	+0.030%	$10K	$8K	10x	as long as short
KuCoin INTWUSDTM	+0.0100%	8h	33.230	0.000%	$61K	$105K	20x	as long as short