Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0289%/8h= −31.7% APRpaid last 24h −0.065%

Price spread now: Coinbase International against BloFin+0.113%7-day average −0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.113%, 7d avg −0.109%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.222% dearer against BloFin than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of −0.109%): +$22 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.085% in total) that is about 18 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin INTC-USDT	123.88	0.0305	pay 0.0305% / 8h	7h 34m	$920K	$317K	25x
Short	Coinbase International INTC-PERP-INTX	124.02	0.0016	get 0.0002% / 1h	34m 42s	$263K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$60.73
Price spread: +0.113% → −0.109%: $22.16
Slippage, 4 orders: −$9.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$70.26
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from BloFin: live order book, 37 min ago; Coinbase International: live order book, 4 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 BloFin live order book, 37 min ago	0.81 bp	7.8 bp −$8	11.0 bp −$110	20.0 bp −$1,999	53.2 bp −$26.6K
Sell Coinbase International live order book, 4 min ago	2.83 bp	8.1 bp −$8	12.1 bp −$121	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	123.85	−0.025%	$319K	$518K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.57	−0.250%	$13.3M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.67	−0.170%	$8.5M	$30.6M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.76	−0.097%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.78	−0.081%	$1.7M	$52K	10x	as long as short
Nado INTC-PERP	+0.0008%	1h	123.80	−0.068%	$170K	$244K	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0016%	1h	124.02	+0.113%	$263K	$1.1M	10x
OKX INTC-USDT-SWAP	+0.0029%	8h	123.52	−0.291%	$18.6M	$67.9M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	123.63	−0.202%	$617K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.050%	$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	+0.0038%	1h	123.97	+0.074%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	124.00	+0.097%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.84	−0.032%	$28K	$4K	10x	as long as short
QFEX INTC-USD	+0.0050%	1h	123.53	−0.283%	$1.9M	$14.6M	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.44	−0.355%	$1.3M	$2.2M	10x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.83	−0.040%	$5K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0104%	8h	123.51	−0.301%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.83	−0.044%	$50K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0130%	1h	124.00	+0.097%	$46K	$259K	50x	as long as short
edgeX INTCUSDC	+0.0138%	4h	123.92	+0.034%	$88K	$289K	10x	as long as short
Variational Omni INTC	+0.0139%	8h	124.09	+0.166%	$2.2M	$2.5M	—	as long as short
Binance INTCUSDT	+0.0182%	8h	123.65	−0.187%	$72.3M	$403.1M	25x	as long as short
Extended INTC_24_5-USD	+0.0184%	1h	123.61	−0.220%	$347K	$1.7M	10x	as long as short
Polymarket Perps INTC-USD	+0.0193%	1h	123.83	−0.040%	$213K	$470K	10x	as long as short
Lighter INTC	+0.0248%	1h	123.58	−0.244%	$1.5M	$1.8M	10x	as long as short
Phoenix INTC	+0.0258%	1h	123.90	+0.016%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTM	+0.0276%	8h	123.81	−0.057%	$1.2M	$52K	20x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.87	−0.008%	$95K	$306K	10x	as long as short
BloFin INTC-USDTlong	+0.0305%	8h	123.88	long leg	$920K	$317K	25x
tradeXYZ xyz:INTC	+0.0308%	1h	123.62	−0.210%	$147.4M	$71.9M	10x	as long as short
Bitget INTCUSDT	+0.0333%	8h	123.69	−0.153%	$25.5M	$32.9M	50x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.62	−0.206%	$342K	$378K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0490%	8h	123.89	+0.004%	$928K	$1.4M	10x	as long as short