Funding you earn now, next payment 11:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.062%
Price spread now: Deribit against Lighter−0.113%7-day average −0.049% · 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−$35as in the Price arb table
costs, in and out, $10k−$280.285% of the position
Funding, last 5 days (all we have)−0.195%−$20 on $10k
+Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.113%, 7d avg −0.049%
=Together, before fees−0.013%+ Points / potential airdropLighter: Season 3 · farm board−$1 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 Deribit is 0.064% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter INTC | 122.24 | 0.0256 | pay 0.0032% / 1h | 46m 04s | $1.4M | $1.6M | 10x |
| Short | Deribit INTC_USDC-PERPETUAL | 122.10 | 0 | get 0.0000% / 1h | 46m 04s | $20K | $98K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$53.76
- Price spread: −0.113% → −0.049%
- −$6.38
- Slippage, 4 orders
- −$21.47
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$88.61
- Costs to cover
- 0.285%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Deribit: live order book, 65 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 Lighter live order book, 3 min ago | 3.26 bp | 4.1 bp −$4 | 6.9 bp −$69 | 30.5 bp −$3,048 | doesn't fit |
| Sell Deribit live order book, 65 min ago | 7.02 bp | 10.5 bp −$11 | 12.4 bp −$124 | doesn't fit | doesn't fit |
INTC on 33 exchanges
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 | 122.34 | +0.086% | $449K | $689K | 20x | as long as short |
| Bybit INTCUSDT | 0.0000% | 8h | 122.15 | −0.072% | $12.9M | $28.1M | 50x | as long as short |
| Gate INTC_USDT | 0.0000% | 8h | 122.25 | +0.010% | $8.2M | $30.9M | 75x | as long as short |
| Bitget INTCUSDT | 0.0000% | 8h | 122.21 | −0.023% | $25.5M | $30.8M | 50x | as long as short |
| Deribit INTC_USDC-PERPETUALshort | 0.0000% | 1h | 122.10 | −0.113% | $20K | $98K | 10x | |
| Phemex INTCUSDT | 0.0000% | 8h | 122.20 | −0.031% | $1.7M | $50K | 10x | as long as short |
| Lighter RH INTC | +0.0032% | 1h | 122.17 | −0.056% | $665K | $2.6M | 10x | as long as short |
| Injective INTC/USDC PERP | +0.0033% | 1h | 121.34 | −0.735% | $213 | $16K | 12x | as long as short |
| Aftermath Perps INTCUSD | +0.0037% | 1h | 122.26 | +0.016% | $2K | $54K | 10x | as long as short |
| Vest INTC-USD-PERP | +0.0046% | 1h | 122.33 | +0.075% | — | $1.5M | 25x | as long as short |
Show all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX INTC-USD | +0.0050% | 1h | 122.21 | −0.023% | $27K | $4K | 10x | as long as short |
| Ondo Perps INTC-USD.P | +0.0050% | 1h | 122.10 | −0.113% | $1.2M | $2.6M | 10x | as long as short |
| OKX INTC-USDT-SWAP | +0.0056% | 8h | 122.16 | −0.064% | $18.4M | $67.9M | 25x | as long as short |
| QFEX INTC-USD | +0.0060% | 1h | 122.24 | +0.002% | $1.2M | $9.5M | 10x | as long as short |
| Polymarket Perps INTC-USD | +0.0062% | 1h | 122.23 | −0.007% | $219K | $511K | 10x | as long as short |
| Paradex INTC-USD-PERP | +0.0098% | 8h | 122.28 | +0.038% | — | — | 5x | as long as short |
| ApeX Omni INTCUSDT | +0.0100% | 1h | 122.33 | +0.075% | $47K | $258K | 50x | as long as short |
| Orderly PERP_INTC_USDC_mythos | +0.0100% | 8h | 122.22 | −0.015% | $4K | $3K | 10x | as long as short |
| Variational Omni INTC | +0.0107% | 8h | 122.49 | +0.209% | $1.9M | $2.7M | — | as long as short |
| Nado INTC-PERP | +0.0119% | 1h | 122.19 | −0.039% | $157K | $283K | 10x | as long as short |
| Aevo INTC-PERP | +0.0120% | 1h | 122.20 | −0.033% | $49K | — | 10x | as long as short |
| Coinbase International INTC-PERP-INTX | +0.0120% | 1h | 122.34 | +0.083% | $255K | $909K | 10x | as long as short |
| Extended INTC_24_5-USD | +0.0152% | 1h | 122.18 | −0.048% | $340K | $1.9M | 10x | as long as short |
| Binance INTCUSDT | +0.0153% | 8h | 122.20 | −0.034% | $70.9M | $395.9M | 25x | as long as short |
| Phoenix INTC | +0.0196% | 1h | 122.48 | +0.198% | $47K | $211K | 10x | as long as short |
| KuCoin INTCUSDTM | +0.0199% | 8h | 122.25 | +0.010% | $1.1M | $269K | 20x | as long as short |
| Arcus INTC-USD | +0.0199% | 1h | 122.20 | −0.031% | $87K | $246K | 10x | as long as short |
| tradeXYZ xyz:INTC | +0.0216% | 1h | 122.10 | −0.113% | $147.0M | $51.5M | 10x | as long as short |
| GRVT INTC_USDT_Perp | +0.0228% | 8h | 122.59 | +0.289% | $919K | $1.4M | 10x | as long as short |
| Lighter INTClong | +0.0256% | 1h | 122.24 | long leg | $1.4M | $1.6M | 10x | |
| BloFin INTC-USDT | +0.0274% | 8h | 122.39 | +0.124% | $917K | $342K | 25x | as long as short |
| RISEx INTC/USDC | +0.0415% | 1h | 122.29 | +0.046% | $322K | $288K | 10x | as long as short |
| edgeX INTCUSDC | +0.0457% | 4h | 122.42 | +0.146% | $87K | $297K | 10x | as long as short |
Lighter INTC
Deribit INTC_USDC-PERPETUAL
Aster INTCUSDT
Bybit INTCUSDT
Gate INTC_USDT
Bitget INTCUSDT
Phemex INTCUSDT
Lighter RH INTC
Injective INTC/USDC PERP
Aftermath Perps INTCUSD
SoDEX INTC-USD
OKX INTC-USDT-SWAP
Polymarket Perps INTC-USD
Paradex INTC-USD-PERP
ApeX Omni INTCUSDT
Variational Omni INTC
Coinbase International INTC-PERP-INTX
Extended INTC_24_5-USD
Binance INTCUSDT
Phoenix INTC
KuCoin INTCUSDTM
tradeXYZ xyz:INTC
GRVT INTC_USDT_Perp
BloFin INTC-USDT
RISEx INTC/USDC
edgeX INTCUSDC