Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0241%/8h= −26.3% APRpaid last 24h −0.013%

Price spread now: Arcus against BloFin−0.049%7-day average −0.079% · 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−$32as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.145%−$14 · spread now −0.049%, 7d avg −0.079%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.030% dearer against BloFin than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.079%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 4 days (−0.087% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin INTC-USDT	123.13	0.0281	pay 0.0281% / 8h	4h 35m	$928K	$306K	25x
Short	Arcus INTC-USD	123.07	0.0040	get 0.0005% / 1h	35m 11s	$93K	$307K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$50.51
Price spread: −0.049% → −0.079%: $3.04
Slippage, 4 orders: −$18.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$82.66
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Arcus: live order book, 23 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 BloFin live order book, 2 min ago	0.41 bp	6.4 bp −$6	7.0 bp −$70	15.0 bp −$1,496	doesn't fit
Sell Arcus live order book, 23 min ago	3.65 bp	11.1 bp −$11	13.2 bp −$132	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	−0.0067%	1h	123.01	−0.097%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.02	−0.092%	$306K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.15	+0.016%	$13.1M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.10	−0.024%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.15	+0.016%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.04	−0.073%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.13	0.000%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.13	0.000%	$659K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.454%	$213	$22K	12x	as long as short
Arcus INTC-USDshort	+0.0040%	1h	123.07	−0.049%	$93K	$307K	10x

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	−0.016%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.08	−0.041%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.13	−0.004%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.01	−0.097%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0053%	8h	123.11	−0.016%	$18.7M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0060%	8h	123.12	−0.008%	$922K	$1.4M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.09	−0.032%	$1.6M	$12.3M	10x	as long as short
edgeX INTCUSDC	+0.0070%	4h	123.08	−0.043%	$87K	$293K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.10	−0.024%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.07	−0.049%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0109%	8h	123.08	−0.041%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0116%	1h	123.10	−0.024%	$212K	$485K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.11	−0.014%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0123%	8h	123.12	−0.005%	$2.1M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	0.000%	$262K	$930K	10x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.09	−0.032%	$340K	$1.8M	10x	as long as short
Binance INTCUSDT	+0.0161%	8h	123.12	−0.004%	$72.8M	$399.9M	25x	as long as short
KuCoin INTCUSDTM	+0.0190%	8h	123.15	+0.016%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDTlong	+0.0281%	8h	123.13	long leg	$928K	$306K	25x
tradeXYZ xyz:INTC	+0.0305%	1h	123.13	0.000%	$147.1M	$69.0M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.08	−0.041%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0344%	1h	123.17	+0.031%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.14	+0.005%	$348K	$383K	10x	as long as short