Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.006%

Price spread now: Deribit against Bybit−0.016%45s7-day average −0.039% · 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−$380.381% 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)+0.062%+$6 · spread now −0.016%, 7d avg −0.039%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.039%. 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	123.08	0	get 0.0000% / 8h	4h 38m	$13.1M	$28.4M	50x
Short	Deribit INTC_USDC-PERPETUAL	123.06	0.0075	get 0.0009% / 1h	38m 28s	$21K	$107K	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 −0.016%Rate

Funding earned: $15.78
Price spread: −0.016% → −0.039%: $2.29
Slippage, 4 orders: −$20.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$20.05
Costs to cover: 0.381%
Break-even: 15.9 days

Slippage from Bybit: live order book, 5 min ago; Deribit: live order book, 20 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	0.41 bp	10.1 bp −$10	15.1 bp −$151	doesn't fit	doesn't fit
Sell Deribit live order book, 20 min ago	5.69 bp	10.0 bp −$10	13.1 bp −$131	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
Nado INTC-PERP	−0.0066%	1h	123.02	−0.048%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.02	−0.048%	$306K	$524K	20x	as long as short
Bybit INTCUSDTlong	0.0000%	8h	123.08	long leg	$13.1M	$28.4M	50x
Gate INTC_USDT	0.0000%	8h	123.05	−0.024%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.14	+0.049%	$25.5M	$32.1M	50x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.10	+0.016%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.08	0.000%	$660K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.414%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.06	−0.016%	$93K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0042%	1h	123.11	+0.025%	$2K	$52K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	123.07	−0.008%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.08	−0.004%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.00	−0.065%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0054%	8h	123.05	−0.024%	$18.7M	$67.4M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0058%	8h	123.14	+0.050%	$923K	$1.4M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.07	−0.008%	$1.6M	$12.4M	10x	as long as short
Deribit INTC_USDC-PERPETUALshort	+0.0075%	1h	123.06	−0.016%	$21K	$107K	10x
ApeX Omni INTCUSDT	+0.0100%	1h	123.23	+0.122%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.09	+0.008%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0110%	8h	123.07	−0.010%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0118%	1h	123.09	+0.008%	$212K	$485K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.11	+0.025%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0121%	8h	123.14	+0.051%	$2.2M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	+0.041%	$262K	$930K	10x	as long as short
Binance INTCUSDT	+0.0160%	8h	123.08	−0.001%	$72.8M	$399.9M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.05	−0.025%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0188%	8h	123.12	+0.032%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.12	+0.032%	$925K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0299%	1h	123.06	−0.016%	$146.9M	$69.0M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.18	+0.081%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0352%	1h	123.09	+0.011%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.11	+0.023%	$347K	$383K	10x	as long as short
edgeX INTCUSDC	+0.0597%	4h	123.17	+0.071%	$87K	$292K	10x	as long as short