Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Deribit against Bybit−0.150%45s7-day average −0.037% · 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−$380.375% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.150%, 7d avg −0.037%

Together, before fees+0.185%+$19 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: Deribit is 0.112% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.037%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INTCUSDT	120.23	0	get 0.0000% / 8h	1h 43m	$12.8M	$28.5M	50x
Short	Deribit INTC_USDC-PERPETUAL	120.05	0	get 0.0000% / 1h	43m 32s	$20K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.037%: −$11.24
Slippage, 4 orders: −$19.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.77
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Deribit: live order book, 65 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, 5 min ago	1.25 bp	9.8 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell Deribit live order book, 65 min ago	4.13 bp	9.3 bp −$9	12.7 bp −$127	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 INTCUSDT	−0.0936%	8h	120.46	+0.191%	$25.2M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.33	+0.083%	$299K	$668K	20x	as long as short
Bybit INTCUSDTlong	0.0000%	8h	120.23	long leg	$12.8M	$28.5M	50x
Gate INTC_USDT	0.0000%	8h	120.27	+0.033%	$8.0M	$30.6M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.27	+0.033%	$901K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUALshort	0.0000%	1h	120.05	−0.150%	$20K	$108K	10x
Phemex INTCUSDT	0.0000%	8h	120.19	−0.033%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.25	+0.017%	$668K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.923%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0033%	1h	120.26	+0.028%	$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
OKX INTC-USDT-SWAP	+0.0034%	8h	120.26	+0.025%	$18.0M	$67.4M	25x	as long as short
Variational Omni INTC	+0.0036%	8h	120.25	+0.016%	$2.1M	$2.5M	—	as long as short
Arcus INTC-USD	+0.0040%	1h	120.22	−0.008%	$91K	$306K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.11	−0.100%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.28	+0.042%	$1.3M	$10.3M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.15	−0.066%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.03	−0.166%	$1.2M	$2.4M	10x	as long as short
Binance INTCUSDT	+0.0076%	8h	120.30	+0.058%	$69.8M	$396.9M	25x	as long as short
Extended INTC_24_5-USD	+0.0080%	1h	120.22	−0.006%	$334K	$1.7M	10x	as long as short
Paradex INTC-USD-PERP	+0.0090%	8h	120.22	−0.008%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0091%	1h	120.28	+0.042%	$215K	$517K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.14	−0.075%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.25	+0.017%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.12	−0.090%	$48K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0113%	8h	120.31	+0.067%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0128%	1h	120.25	+0.019%	$1.4M	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0128%	1h	120.14	−0.075%	$240K	$837K	10x	as long as short
Nado INTC-PERP	+0.0172%	1h	120.14	−0.075%	$157K	$288K	10x	as long as short
BloFin INTC-USDT	+0.0197%	8h	120.25	+0.017%	$897K	$308K	25x	as long as short
Phoenix INTC	+0.0199%	1h	120.23	0.000%	$46K	$239K	10x	as long as short
RISEx INTC/USDC	+0.0239%	1h	120.30	+0.058%	$314K	$321K	10x	as long as short
tradeXYZ xyz:INTC	+0.0239%	1h	120.28	+0.042%	$143.9M	$63.7M	10x	as long as short
edgeX INTCUSDC	+0.0683%	4h	120.22	−0.007%	$85K	$296K	10x	as long as short