Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1052%/8h= +115.2% APRpaid last 24h +0.003%

Price spread now: Arcus against Bitget−0.315%7-day average −0.097% · 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−$60as in the Price arb table

costs, in and out, $10k−$390.385% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.315%, 7d avg −0.097%

Together, before fees+0.274%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.218% cheaper against Bitget than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of −0.097%). If the spread goes back, that is −$22 on $10k: about 17 hours of funding at the current rate (+$32 a day). At the pace of the last 4 days (+0.042% in total) that is about 19 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 4.2% 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	Bitget INTCUSDT	120.57	−0.1012	get 0.1012% / 8h	1h 29m	$25.2M	$32.2M	50x
Short	Arcus INTC-USD	120.19	0.0040	get 0.0005% / 1h	29m 45s	$91K	$307K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now −0.315%Rate

Funding earned: $220.98
Price spread: −0.315% → −0.097%: −$21.79
Slippage, 4 orders: −$22.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $160.67
Costs to cover: 0.385%
Break-even: 1.9 days

Slippage from Bitget: live order book, 4 min ago; Arcus: live order book, 14 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 Bitget live order book, 4 min ago	1.66 bp	9.1 bp −$9	14.1 bp −$141	23.0 bp −$2,296	doesn't fit
Sell Arcus live order book, 14 min ago	4.16 bp	13.2 bp −$13	14.2 bp −$142	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
Bitget INTCUSDTlong	−0.1012%	8h	120.57	long leg	$25.2M	$32.2M	50x
Aster INTCUSDT	0.0000%	8h	120.49	−0.066%	$424K	$668K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.45	−0.100%	$12.9M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.51	−0.050%	$8.0M	$30.8M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.26	−0.259%	$901K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.22	−0.290%	$20K	$108K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.33	−0.199%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0021%	8h	120.49	−0.066%	$18.0M	$67.4M	25x	as long as short
Variational Omni INTC	+0.0022%	8h	120.18	−0.320%	$2.1M	$2.5M	—	as long as short
Aftermath Perps INTCUSD	+0.0031%	1h	120.17	−0.332%	$2K	$55K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH INTC	+0.0032%	1h	120.44	−0.108%	$669K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.639%	$213	$22K	12x	as long as short
Arcus INTC-USDshort	+0.0040%	1h	120.19	−0.315%	$91K	$307K	10x
Vest INTC-USD-PERP	+0.0046%	1h	120.03	−0.448%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.19	−0.315%	$1.3M	$10.1M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.21	−0.297%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.08	−0.406%	$1.2M	$2.4M	10x	as long as short
Polymarket Perps INTC-USD	+0.0060%	1h	120.23	−0.282%	$215K	$520K	10x	as long as short
Binance INTCUSDT	+0.0062%	8h	120.46	−0.091%	$69.3M	$397.6M	25x	as long as short
Extended INTC_24_5-USD	+0.0064%	1h	120.48	−0.072%	$332K	$961K	10x	as long as short
Paradex INTC-USD-PERP	+0.0082%	8h	120.46	−0.091%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.23	−0.279%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.30	−0.224%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.22	−0.290%	$4K	$3K	10x	as long as short
Lighter INTC	+0.0104%	1h	120.43	−0.113%	$1.4M	$1.9M	10x	as long as short
KuCoin INTCUSDTM	+0.0106%	8h	120.36	−0.174%	$1.1M	$105K	20x	as long as short
Coinbase International INTC-PERP-INTX	+0.0128%	1h	120.15	−0.348%	$240K	$837K	10x	as long as short
Nado INTC-PERP	+0.0137%	1h	120.15	−0.349%	$157K	$287K	10x	as long as short
BloFin INTC-USDT	+0.0182%	8h	120.16	−0.340%	$894K	$308K	25x	as long as short
tradeXYZ xyz:INTC	+0.0197%	1h	120.43	−0.116%	$143.8M	$63.2M	10x	as long as short
Phoenix INTC	+0.0199%	1h	120.13	−0.365%	$46K	$239K	10x	as long as short
RISEx INTC/USDC	+0.0239%	1h	120.23	−0.280%	$315K	$320K	10x	as long as short
edgeX INTCUSDC	+0.0282%	4h	120.25	−0.268%	$85K	$296K	10x	as long as short