Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0239%/8h= −26.1% APRpaid last 24h −0.074%

Price spread now: Bybit against RISEx−0.040%55s7-day average −0.015% · 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−$280.279% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.239%−$24 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.040%, 7d avg −0.015%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.025% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.015%). Swap the legs. The two prices were read 55 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	RISEx INTC/USDC	120.65	0.0239	pay 0.0030% / 1h	25m 49s	$316K	$321K	10x
Short	Bybit INTCUSDT	120.60	0	get 0.0000% / 8h	1h 25m	$12.9M	$28.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against RISEx. 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 RISExbpFee BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$50.1
Price spread: −0.040% → −0.015%: −$2.47
Slippage, 4 orders: −$10.88
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$80.45
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from RISEx: live order book, 17 min ago; Bybit: live order book, 3 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 RISEx live order book, 17 min ago	1.33 bp	4.3 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.24 bp	10.4 bp −$10	22.8 bp −$228	356.0 bp −$35.6K	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	−0.0993%	8h	120.79	+0.118%	$25.2M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.53	−0.099%	$424K	$668K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	120.60	−0.040%	$12.9M	$28.5M	50x
Gate INTC_USDT	0.0000%	8h	120.68	+0.026%	$8.2M	$30.9M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.18	−0.387%	$900K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.57	−0.065%	$20K	$109K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.69	+0.035%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0018%	8h	120.65	+0.005%	$2.1M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0018%	8h	120.62	−0.023%	$18.0M	$67.5M	25x	as long as short
Aftermath Perps INTCUSD	+0.0030%	1h	120.28	−0.303%	$2K	$55K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH INTC	+0.0032%	1h	120.63	−0.015%	$670K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.573%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.38	−0.222%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.49	−0.131%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.54	−0.090%	$1.3M	$10.1M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.58	−0.056%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.62	−0.023%	$1.2M	$2.5M	10x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	120.65	+0.005%	$335K	$964K	10x	as long as short
Binance INTCUSDT	+0.0058%	8h	120.65	−0.001%	$69.3M	$397.8M	25x	as long as short
Polymarket Perps INTC-USD	+0.0061%	1h	120.64	−0.007%	$215K	$521K	10x	as long as short
Paradex INTC-USD-PERP	+0.0080%	8h	120.60	−0.041%	—	—	5x	as long as short
Lighter INTC	+0.0096%	1h	120.64	−0.009%	$1.4M	$1.9M	10x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.65	+0.002%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.37	−0.231%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.60	−0.040%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0104%	8h	120.56	−0.073%	$1.1M	$105K	20x	as long as short
Coinbase International INTC-PERP-INTX	+0.0128%	1h	120.15	−0.413%	$240K	$837K	10x	as long as short
Nado INTC-PERP	+0.0132%	1h	120.50	−0.120%	$157K	$287K	10x	as long as short
BloFin INTC-USDT	+0.0181%	8h	120.51	−0.115%	$896K	$309K	25x	as long as short
tradeXYZ xyz:INTC	+0.0190%	1h	120.62	−0.023%	$144.1M	$63.3M	10x	as long as short
Phoenix INTC	+0.0199%	1h	120.47	−0.148%	$46K	$239K	10x	as long as short
RISEx INTC/USDClong	+0.0239%	1h	120.65	long leg	$316K	$321K	10x
edgeX INTCUSDC	+0.0471%	4h	120.40	−0.209%	$86K	$293K	10x	as long as short