Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.013%

Price spread now: Coinbase International against Bitget−0.107%7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)+0.203%+$20 · spread now −0.107%, 7d avg −0.133%

Together, before fees+0.168%+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.026% dearer against Bitget than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.133%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.035% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget INTCUSDT	121.96	0.0218	pay 0.0218% / 8h	2h 31m	$25.4M	$34.0M	50x
Short	Coinbase International INTC-PERP-INTX	121.83	0.0160	get 0.0020% / 1h	31m 38s	$279K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$12.18
Price spread: −0.107% → −0.133%: $2.6
Slippage, 4 orders: −$10.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.25
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Coinbase International: 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 Bitget live order book, 2 min ago	1.23 bp	9.4 bp −$9	14.7 bp −$147	43.3 bp −$4,332	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.05 bp	7.1 bp −$7	9.8 bp −$98	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
Aster INTCUSDT	0.0000%	8h	121.97	+0.009%	$302K	$501K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	121.96	0.000%	$18.3M	$68.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	121.93	−0.025%	$8.9M	$32.3M	75x	as long as short
Variational Omni INTC	0.0000%	8h	121.89	−0.057%	$2.1M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.92	−0.030%	$913K	$1.6M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.87	−0.074%	$20K	$180K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.94	−0.016%	$1.7M	$50K	10x	as long as short
Bybit INTCUSDT	+0.0003%	8h	121.97	+0.008%	$13.4M	$29.0M	50x	as long as short
Binance INTCUSDT	+0.0022%	8h	121.97	+0.010%	$71.4M	$411.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0024%	1h	121.95	−0.011%	$325K	$1.1M	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	121.96	0.000%	$602K	$3.1M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.508%	$213	$27K	12x	as long as short
Aftermath Perps INTCUSD	+0.0045%	1h	121.91	−0.043%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.95	−0.008%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.90	−0.049%	$204K	$399K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.94	−0.012%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.81	−0.123%	$1.3M	$2.2M	10x	as long as short
BloFin INTC-USDT	+0.0080%	8h	121.92	−0.033%	$898K	$316K	25x	as long as short
QFEX INTC-USD	+0.0080%	1h	121.94	−0.016%	$1.9M	$15.1M	10x	as long as short
Aevo INTC-PERP	+0.0088%	1h	121.95	−0.012%	$49K	—	10x	as long as short
Nado INTC-PERP	+0.0092%	1h	121.82	−0.112%	$171K	$233K	10x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	122.00	+0.033%	$1.2M	$61K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.90	−0.049%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.93	−0.025%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	121.93	−0.029%	—	—	5x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0160%	1h	121.83	−0.107%	$279K	$1.2M	10x
Bitget INTCUSDTlong	+0.0218%	8h	121.96	long leg	$25.4M	$34.0M	50x
tradeXYZ xyz:INTC	+0.0236%	1h	121.93	−0.025%	$144.1M	$80.6M	10x	as long as short
Phoenix INTC	+0.0263%	1h	121.88	−0.066%	$47K	$291K	10x	as long as short
Lighter INTC	+0.0400%	1h	122.02	+0.046%	$1.5M	$2.1M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	121.97	+0.010%	$328K	$367K	10x	as long as short
Arcus INTC-USD	+0.0507%	1h	121.96	0.000%	$107K	$299K	10x	as long as short
edgeX INTCUSDC	+0.0951%	4h	121.95	−0.011%	$86K	$287K	10x	as long as short