Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.021%

Price spread now: Lighter RH against Bybit0.000%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 7 days+0.024%+$2 · spread now 0.000%, 7d avg −0.040%

Together, before fees−0.075%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.040% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.099%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INTCUSDT	123.74	0	get 0.0000% / 8h	7h 23m	$13.3M	$28.4M	50x
Short	Lighter RH INTC	123.74	0.0032	get 0.0004% / 1h	23m 33s	$615K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.72
Price spread: 0.000% → −0.040%: $4.03
Slippage, 4 orders: −$16.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$16.52
Costs to cover: 0.273%
Break-even: 24.2 days

Slippage from Bybit: live order book, 5 min ago; Lighter RH: live order book, 5 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	1.21 bp	10.8 bp −$11	13.7 bp −$137	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	2.82 bp	3.5 bp −$3	11.1 bp −$111	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	123.87	+0.107%	$319K	$518K	20x	as long as short
Bybit INTCUSDTlong	0.0000%	8h	123.74	long leg	$13.3M	$28.4M	50x
Gate INTC_USDT	0.0000%	8h	123.77	+0.024%	$8.5M	$30.7M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.62	−0.097%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.70	−0.032%	$1.7M	$50K	10x	as long as short
Nado INTC-PERP	+0.0009%	1h	123.71	−0.026%	$170K	$245K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	+0.097%	$264K	$1.1M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0032%	8h	123.79	+0.040%	$18.6M	$67.7M	25x	as long as short
Lighter RH INTCshort	+0.0032%	1h	123.74	0.000%	$615K	$2.8M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.940%	$213	$22K	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	+0.0038%	1h	123.84	+0.078%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.87	+0.105%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.71	−0.024%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.73	−0.008%	$1.8M	$14.2M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.67	−0.057%	$1.3M	$2.2M	10x	as long as short
Paradex INTC-USD-PERP	+0.0098%	8h	123.68	−0.046%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	124.20	+0.372%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.82	+0.065%	$5K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0120%	1h	123.74	0.000%	$213K	$471K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.70	−0.032%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.04	+0.246%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0175%	8h	123.74	−0.001%	$72.3M	$402.6M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0175%	8h	124.03	+0.233%	$929K	$1.4M	10x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	123.70	−0.030%	$351K	$1.8M	10x	as long as short
Phoenix INTC	+0.0258%	1h	124.07	+0.267%	$48K	$256K	10x	as long as short
Bitget INTCUSDT	+0.0263%	8h	123.81	+0.057%	$25.6M	$32.7M	50x	as long as short
KuCoin INTCUSDTM	+0.0268%	8h	123.81	+0.057%	$1.2M	$53K	20x	as long as short
Lighter INTC	+0.0280%	1h	123.78	+0.032%	$1.5M	$1.8M	10x	as long as short
edgeX INTCUSDC	+0.0281%	4h	123.97	+0.185%	$88K	$290K	10x	as long as short
tradeXYZ xyz:INTC	+0.0284%	1h	123.82	+0.065%	$147.7M	$69.9M	10x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.87	+0.105%	$95K	$306K	10x	as long as short
BloFin INTC-USDT	+0.0301%	8h	124.04	+0.242%	$920K	$310K	25x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.80	+0.051%	$343K	$379K	10x	as long as short