Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0550%/8h= +60.2% APRpaid last 24h +0.039%

Price spread now: Arcus against Bybit−0.178%46s7-day average −0.066% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.341% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.178%, 7d avg −0.066%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.112% cheaper against Bybit than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of −0.066%). If the spread goes back, that is −$11 on $10k: about 16 hours of funding at the current rate (+$16 a day). At the pace of the last 3 days (+0.075% in total) that is about 5.0 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.075% in total (about 8.1% 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	Bybit INTCUSDT	123.56	0.0017	pay 0.0017% / 8h	37m 52s	$13.4M	$28.9M	50x
Short	Arcus INTC-USD	123.34	0.0567	get 0.0071% / 1h	37m 52s	$107K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now −0.178%Rate

Funding earned: $115.44
Price spread: −0.178% → −0.066%: −$11.17
Slippage, 4 orders: −$18.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $70.17
Costs to cover: 0.341%
Break-even: 2.7 days

Slippage from Bybit: live order book, 1 min ago; Arcus: live order book, 41 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 Bybit live order book, 1 min ago	0.81 bp	10.3 bp −$10	14.8 bp −$148	doesn't fit	doesn't fit
Sell Arcus live order book, 41 min ago	3.65 bp	5.9 bp −$6	8.5 bp −$85	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
Aster INTCUSDT	0.0000%	8h	123.48	−0.064%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.57	+0.008%	$18.7M	$69.4M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.49	−0.057%	$9.1M	$32.2M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.45	−0.089%	$21K	$178K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.52	−0.032%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0016%	8h	123.36	−0.159%	$924K	$1.4M	10x	as long as short
Bybit INTCUSDTlong	+0.0017%	8h	123.56	long leg	$13.4M	$28.9M	50x
Lighter RH INTC	+0.0032%	1h	123.51	−0.040%	$598K	$3.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.37	−0.154%	$267K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.797%	$213	$23K	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	+0.0043%	1h	123.38	−0.146%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.43	−0.105%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.38	−0.142%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.30	−0.210%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.38	−0.146%	$1.9M	$15.2M	10x	as long as short
Variational Omni INTC	+0.0062%	8h	123.32	−0.195%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0069%	1h	123.41	−0.121%	$213K	$451K	10x	as long as short
Nado INTC-PERP	+0.0070%	1h	123.34	−0.180%	$170K	$239K	10x	as long as short
Paradex INTC-USD-PERP	+0.0092%	8h	123.36	−0.166%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.31	−0.202%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.38	−0.146%	$4K	$3K	10x	as long as short
Binance INTCUSDT	+0.0110%	8h	123.52	−0.035%	$72.0M	$410.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	123.46	−0.082%	$352K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.44	−0.097%	$50K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0208%	8h	123.52	−0.032%	$1.2M	$57K	20x	as long as short
BloFin INTC-USDT	+0.0231%	8h	123.35	−0.170%	$915K	$310K	25x	as long as short
Bitget INTCUSDT	+0.0241%	8h	123.58	+0.016%	$25.5M	$34.1M	50x	as long as short
tradeXYZ xyz:INTC	+0.0245%	1h	123.57	+0.008%	$146.6M	$79.2M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.42	−0.113%	$47K	$256K	10x	as long as short
Lighter INTC	+0.0328%	1h	123.62	+0.052%	$1.5M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.41	−0.123%	$341K	$378K	10x	as long as short
Arcus INTC-USDshort	+0.0567%	1h	123.34	−0.178%	$107K	$299K	10x
edgeX INTCUSDC	+0.0777%	4h	123.32	−0.191%	$87K	$287K	10x	as long as short