Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.021%

Price spread now: Ondo Perps against Bybit−0.057%47s7-day average −0.085% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.057%, 7d avg −0.085%

Together, before fees+0.099%+ Points / potential airdropOndo Perps: Active · farm board+$10 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 Ondo Perps is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.085%. The two prices were read 47 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	123.23	0	get 0.0000% / 8h	5h 02m	$13.2M	$28.3M	50x
Short	Ondo Perps INTC-USD.P	123.16	0.0050	get 0.0006% / 1h	2m 59s	$1.3M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.057%Rate

Funding earned: $10.58
Price spread: −0.057% → −0.085%: $2.83
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$2.58
Costs to cover: 0.160%
Break-even: 8.7 days

Slippage unknown: Bybit: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 1 min ago	0.81 bp	8.5 bp −$8	13.8 bp −$138	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0083%	1h	123.03	−0.161%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.16	−0.060%	$307K	$522K	20x	as long as short
Bybit INTCUSDTlong	0.0000%	8h	123.23	long leg	$13.2M	$28.3M	50x
Gate INTC_USDT	0.0000%	8h	123.22	−0.008%	$8.6M	$30.4M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.24	+0.008%	$25.5M	$32.1M	50x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.20	−0.024%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.22	−0.008%	$665K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.534%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.14	−0.073%	$93K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	123.12	−0.091%	$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	123.13	−0.081%	—	$1.5M	25x	as long as short
OKX INTC-USDT-SWAP	+0.0047%	8h	123.25	+0.016%	$18.7M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0049%	8h	123.21	−0.017%	$923K	$1.4M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.16	−0.059%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.Pshort	+0.0050%	1h	123.16	−0.057%	$1.3M	$2.2M	10x
QFEX INTC-USD	+0.0057%	1h	123.12	−0.089%	$1.6M	$12.5M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.16	−0.057%	$45K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.14	−0.073%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0116%	8h	123.09	−0.111%	—	—	5x	as long as short
Variational Omni INTC	+0.0118%	8h	123.18	−0.040%	$2.2M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.16	−0.055%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	123.18	−0.037%	$342K	$1.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0152%	1h	123.16	−0.057%	$262K	$931K	10x	as long as short
Binance INTCUSDT	+0.0155%	8h	123.21	−0.016%	$72.7M	$399.6M	25x	as long as short
Polymarket Perps INTC-USD	+0.0171%	1h	123.16	−0.057%	$212K	$484K	10x	as long as short
KuCoin INTCUSDTM	+0.0179%	8h	123.22	−0.008%	$1.1M	$104K	20x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0238%	1h	123.12	−0.089%	$21K	$107K	10x	as long as short
Phoenix INTC	+0.0261%	1h	123.28	+0.041%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0264%	1h	123.20	−0.024%	$348K	$382K	10x	as long as short
BloFin INTC-USDT	+0.0275%	8h	123.20	−0.024%	$922K	$306K	25x	as long as short
edgeX INTCUSDC	+0.0289%	4h	123.16	−0.054%	$87K	$293K	10x	as long as short
tradeXYZ xyz:INTC	+0.0315%	1h	123.19	−0.032%	$147.1M	$69.1M	10x	as long as short
Lighter INTC	+0.0360%	1h	123.24	+0.008%	$1.5M	$2.0M	10x	as long as short