Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.014%

Price spread now: Deribit against OKX−0.067%7-day average −0.019% · 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−$37as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.067%, 7d avg −0.019%

Together, before fees+0.166%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.047% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX INTC-USDT-SWAP	120.22	0.0032	pay 0.0032% / 8h	1h 41m	$18.0M	$67.4M	25x
Short	Deribit INTC_USDC-PERPETUAL	120.14	0	get 0.0000% / 1h	41m 46s	$20K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$6.69
Price spread: −0.067% → −0.019%: −$4.73
Slippage, 4 orders: −$15.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.71
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Deribit: live order book, 2 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 OKX live order book, 2 min ago	0.42 bp	7.7 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	3.75 bp	11.4 bp −$11	13.7 bp −$137	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
Bitget INTCUSDT	−0.0943%	8h	120.38	+0.133%	$25.2M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.31	+0.076%	$299K	$668K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.23	+0.008%	$12.8M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.24	+0.017%	$8.0M	$30.7M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.27	+0.042%	$901K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUALshort	0.0000%	1h	120.14	−0.067%	$20K	$108K	10x
Phemex INTCUSDT	0.0000%	8h	120.26	+0.033%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAPlong	+0.0032%	8h	120.22	long leg	$18.0M	$67.4M	25x
Lighter RH INTC	+0.0032%	1h	120.25	+0.025%	$668K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.932%	$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	+0.0033%	1h	120.24	+0.020%	$2K	$55K	10x	as long as short
Variational Omni INTC	+0.0036%	8h	120.25	+0.024%	$2.1M	$2.5M	—	as long as short
Arcus INTC-USD	+0.0040%	1h	120.20	−0.017%	$91K	$306K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.08	−0.116%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.19	−0.025%	$1.3M	$10.3M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.20	−0.017%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.12	−0.083%	$1.2M	$2.4M	10x	as long as short
Extended INTC_24_5-USD	+0.0072%	1h	120.19	−0.021%	$334K	$1.6M	10x	as long as short
Binance INTCUSDT	+0.0076%	8h	120.24	+0.017%	$69.7M	$396.9M	25x	as long as short
Polymarket Perps INTC-USD	+0.0081%	1h	120.18	−0.033%	$215K	$517K	10x	as long as short
Paradex INTC-USD-PERP	+0.0089%	8h	120.21	−0.012%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.14	−0.067%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.18	−0.033%	$4K	$3K	10x	as long as short
Lighter INTC	+0.0104%	1h	120.27	+0.038%	$1.4M	$1.9M	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.20	−0.015%	$48K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0113%	8h	120.27	+0.042%	$1.1M	$105K	20x	as long as short
Coinbase International INTC-PERP-INTX	+0.0128%	1h	120.14	−0.067%	$240K	$837K	10x	as long as short
Nado INTC-PERP	+0.0166%	1h	120.18	−0.036%	$157K	$288K	10x	as long as short
BloFin INTC-USDT	+0.0196%	8h	120.25	+0.025%	$897K	$308K	25x	as long as short
Phoenix INTC	+0.0199%	1h	120.23	+0.008%	$46K	$239K	10x	as long as short
tradeXYZ xyz:INTC	+0.0221%	1h	120.21	−0.008%	$143.8M	$63.7M	10x	as long as short
RISEx INTC/USDC	+0.0239%	1h	120.23	+0.007%	$314K	$321K	10x	as long as short
edgeX INTCUSDC	+0.0683%	4h	120.22	+0.001%	$85K	$296K	10x	as long as short