Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.055%

Price spread now: OKX against Arcus−0.202%7-day average +0.046% · 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−$53as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Arcus Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.335%+$34 · spread now −0.202%, 7d avg +0.046%

Together, before fees+0.251%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.248% cheaper against Arcus than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.084% in total (about -8.9% 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	Arcus INTC-USD	123.95	0.0296	pay 0.0037% / 1h	24m 27s	$95K	$306K	10x
Short	OKX INTC-USDT-SWAP	123.70	0.0031	get 0.0031% / 8h	7h 24m	$18.6M	$68.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Arcus. 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 ArcusbpFee OKXbpOrdersPrice spread, now −0.202%Rate

Funding earned: −$55.69
Price spread: −0.202% → +0.046%: −$24.77
Slippage, 4 orders: −$13.92
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$108.88
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Arcus: live order book, 49 min ago; OKX: 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 Arcus live order book, 49 min ago	4.85 bp	7.1 bp −$7	9.6 bp −$96	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.40 bp	8.1 bp −$8	14.6 bp −$146	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	123.95	+0.002%	$319K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.72	−0.186%	$13.3M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.78	−0.137%	$8.5M	$30.7M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.91	−0.032%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	124.01	+0.048%	$1.7M	$50K	10x	as long as short
Nado INTC-PERP	+0.0010%	1h	123.78	−0.134%	$170K	$245K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	−0.073%	$264K	$1.1M	10x	as long as short
OKX INTC-USDT-SWAPshort	+0.0031%	8h	123.70	−0.202%	$18.6M	$68.0M	25x
Lighter RH INTC	+0.0032%	1h	123.84	−0.089%	$615K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.106%	$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	123.88	−0.058%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.94	−0.008%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.98	+0.028%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.77	−0.145%	$1.8M	$14.3M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.67	−0.226%	$1.3M	$2.2M	10x	as long as short
Paradex INTC-USD-PERP	+0.0099%	8h	123.73	−0.177%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	124.20	+0.202%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.82	−0.105%	$5K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0124%	1h	123.75	−0.161%	$213K	$471K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.70	−0.201%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.04	+0.076%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0179%	8h	123.78	−0.137%	$72.4M	$402.6M	25x	as long as short
Extended INTC_24_5-USD	+0.0184%	1h	123.82	−0.105%	$348K	$1.8M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0202%	8h	124.14	+0.154%	$930K	$1.4M	10x	as long as short
Phoenix INTC	+0.0258%	1h	124.07	+0.097%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0271%	8h	123.87	−0.065%	$1.2M	$53K	20x	as long as short
Bitget INTCUSDT	+0.0274%	8h	123.80	−0.121%	$25.6M	$32.7M	50x	as long as short
Lighter INTC	+0.0280%	1h	123.84	−0.086%	$1.5M	$1.8M	10x	as long as short
tradeXYZ xyz:INTC	+0.0284%	1h	123.71	−0.194%	$147.6M	$69.9M	10x	as long as short
Arcus INTC-USDlong	+0.0296%	1h	123.95	long leg	$95K	$306K	10x
BloFin INTC-USDT	+0.0301%	8h	124.04	+0.073%	$920K	$310K	25x	as long as short
edgeX INTCUSDC	+0.0314%	4h	124.10	+0.122%	$88K	$289K	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.85	−0.084%	$343K	$379K	10x	as long as short