Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.009%

Price spread now: Deribit against OKX+0.033%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.033%, 7d avg −0.018%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.051% dearer against OKX than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.018%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 5 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX INTC-USDT-SWAP	120.94	0.0054	pay 0.0054% / 8h	2h 44m	$18.2M	$67.5M	25x
Short	Deribit INTC_USDC-PERPETUAL	120.98	0	get 0.0000% / 1h	44m 42s	$20K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$11.25
Price spread: +0.033% → −0.018%: $5.15
Slippage, 4 orders: −$14.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.82
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Deribit: live order book, 4 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 OKX live order book, 4 min ago	0.41 bp	7.8 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell Deribit live order book, 4 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	−0.0729%	8h	121.06	+0.099%	$25.1M	$31.9M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.00	+0.052%	$299K	$543K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.93	−0.008%	$12.9M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.99	+0.041%	$8.5M	$30.1M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.12	+0.152%	$907K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUALshort	0.0000%	1h	120.98	+0.033%	$20K	$107K	10x
Phemex INTCUSDT	0.0000%	8h	121.00	+0.050%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.96	+0.017%	$659K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.331%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.05	+0.091%	$92K	$307K	10x	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	+0.0041%	1h	121.11	+0.139%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.07	+0.107%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.11	+0.141%	$208K	$496K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.00	+0.054%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.04	+0.083%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0052%	1h	121.16	+0.182%	$1.4M	$11.2M	10x	as long as short
OKX INTC-USDT-SWAPlong	+0.0054%	8h	120.94	long leg	$18.2M	$67.5M	25x
Variational Omni INTC	+0.0075%	8h	121.07	+0.111%	$2.1M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0098%	8h	120.93	−0.010%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.02	+0.066%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.00	+0.050%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0106%	1h	121.02	+0.069%	$160K	$288K	10x	as long as short
Binance INTCUSDT	+0.0108%	8h	120.96	+0.015%	$70.7M	$399.5M	25x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	120.90	−0.035%	$336K	$1.9M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.03	+0.076%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0141%	8h	121.00	+0.050%	$1.1M	$107K	20x	as long as short
Coinbase International INTC-PERP-INTX	+0.0184%	1h	120.91	−0.025%	$250K	$839K	10x	as long as short
Lighter INTC	+0.0192%	1h	120.98	+0.031%	$1.4M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0215%	1h	120.92	−0.013%	$316K	$353K	10x	as long as short
BloFin INTC-USDT	+0.0228%	8h	121.08	+0.116%	$902K	$307K	25x	as long as short
tradeXYZ xyz:INTC	+0.0265%	1h	120.96	+0.017%	$144.8M	$65.8M	10x	as long as short
Phoenix INTC	+0.0265%	1h	121.08	+0.116%	$47K	$240K	10x	as long as short
edgeX INTCUSDC	+0.0444%	4h	121.10	+0.128%	$86K	$295K	10x	as long as short