Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.031%

Price spread now: Coinbase International against Binance+0.092%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.092%, 7d avg −0.096%

Together, before fees+0.021%+$2 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 Coinbase International is 0.188% dearer against Binance than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INTCUSDT	120.12	0.0064	pay 0.0064% / 8h	1h 32m	$69.1M	$397.6M	25x
Short	Coinbase International INTC-PERP-INTX	120.23	0.0128	get 0.0016% / 1h	32m 37s	$240K	$838K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.092%Rate

Funding earned: $13.46
Price spread: +0.092% → −0.096%: $18.8
Slippage, 4 orders: −$10.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.42
Costs to cover: 0.308%
Break-even: 6.3 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 61 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 Binance live order book, 11 min ago	0.42 bp	6.5 bp −$7	10.1 bp −$101	28.7 bp −$2,867	209.1 bp −$104.5K
Sell Coinbase International live order book, 61 min ago	3.74 bp	8.7 bp −$9	13.0 bp −$130	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	−0.1005%	8h	120.34	+0.183%	$25.1M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.19	+0.059%	$423K	$668K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.13	+0.008%	$12.8M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.23	+0.092%	$8.0M	$30.7M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.27	+0.124%	$901K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.19	+0.058%	$20K	$108K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.28	+0.133%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0020%	8h	120.13	+0.008%	$18.0M	$67.2M	25x	as long as short
Variational Omni INTC	+0.0027%	8h	120.09	−0.022%	$2.1M	$2.5M	—	as long as short
Aftermath Perps INTCUSD	+0.0031%	1h	120.18	+0.050%	$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	120.18	+0.050%	$668K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+1.016%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.13	+0.008%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.09	−0.025%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.18	+0.050%	$1.3M	$10.1M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.22	+0.087%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.11	−0.008%	$1.2M	$2.4M	10x	as long as short
Polymarket Perps INTC-USD	+0.0060%	1h	120.28	+0.133%	$215K	$519K	10x	as long as short
Binance INTCUSDTlong	+0.0064%	8h	120.12	long leg	$69.1M	$397.6M	25x
Extended INTC_24_5-USD	+0.0064%	1h	120.16	+0.034%	$332K	$961K	10x	as long as short
Paradex INTC-USD-PERP	+0.0082%	8h	120.18	+0.047%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.23	+0.089%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.30	+0.150%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.21	+0.075%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0103%	8h	120.26	+0.117%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0104%	1h	120.19	+0.061%	$1.4M	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0128%	1h	120.23	+0.092%	$240K	$838K	10x
Nado INTC-PERP	+0.0136%	1h	120.11	−0.005%	$157K	$287K	10x	as long as short
BloFin INTC-USDT	+0.0184%	8h	120.22	+0.083%	$894K	$308K	25x	as long as short
tradeXYZ xyz:INTC	+0.0193%	1h	120.17	+0.042%	$143.5M	$63.2M	10x	as long as short
Phoenix INTC	+0.0199%	1h	120.13	+0.008%	$46K	$239K	10x	as long as short
RISEx INTC/USDC	+0.0239%	1h	120.31	+0.155%	$315K	$320K	10x	as long as short
edgeX INTCUSDC	+0.0340%	4h	120.23	+0.088%	$85K	$295K	10x	as long as short