Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0467%/8h= −51.2% APRpaid last 24h −0.009%

Price spread now: Lighter against edgeX+0.041%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.617%−$62 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.041%, 7d avg +0.016%

Together, before fees−0.632%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.025% dearer against edgeX than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of +0.016%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX INTCUSDC	121.31	0.0651	pay 0.0326% / 4h	3h 15m	$86K	$295K	10x
Short	Lighter INTC	121.36	0.0184	get 0.0023% / 1h	15m 20s	$1.4M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$98.13
Price spread: +0.041% → +0.016%: $2.54
Slippage, 4 orders: −$17.66
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$122.25
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from edgeX: live order book, 38 min ago; Lighter: live order book, 1 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 edgeX live order book, 38 min ago	6.12 bp	11.2 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	1.28 bp	2.6 bp −$3	5.7 bp −$57	35.7 bp −$3,572	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	−0.0404%	8h	121.53	+0.177%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0056%	1h	121.34	+0.024%	$170K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.42	+0.088%	$305K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.37	+0.045%	$12.8M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.51	+0.161%	$8.4M	$30.2M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.42	+0.087%	$1.7M	$50K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0008%	8h	121.47	+0.128%	$910K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.35	+0.029%	$660K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.021%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.32	+0.004%	$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	+0.0043%	1h	121.42	+0.086%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.17	−0.119%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.36	+0.041%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.34	+0.021%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.45	+0.111%	$1.5M	$11.6M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	121.38	+0.054%	$18.3M	$67.7M	25x	as long as short
Variational Omni INTC	+0.0087%	8h	121.46	+0.123%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.33	+0.012%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.39	+0.062%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	121.43	+0.095%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.47	+0.126%	$49K	—	10x	as long as short
Binance INTCUSDT	+0.0125%	8h	121.38	+0.054%	$71.4M	$398.9M	25x	as long as short
Extended INTC_24_5-USD	+0.0128%	1h	121.35	+0.026%	$336K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0159%	1h	121.51	+0.161%	$209K	$488K	10x	as long as short
KuCoin INTCUSDTM	+0.0162%	8h	121.40	+0.070%	$1.1M	$105K	20x	as long as short
Lighter INTCshort	+0.0184%	1h	121.36	+0.041%	$1.4M	$2.1M	10x
Coinbase International INTC-PERP-INTX	+0.0192%	1h	121.39	+0.062%	$256K	$826K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0245%	1h	121.37	+0.045%	$20K	$107K	10x	as long as short
BloFin INTC-USDT	+0.0245%	8h	121.48	+0.136%	$914K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0297%	1h	121.41	+0.078%	$145.4M	$66.8M	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.38	+0.054%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.48	+0.139%	$343K	$345K	10x	as long as short
edgeX INTCUSDClong	+0.0651%	4h	121.31	long leg	$86K	$295K	10x