Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.001%

Price spread now: Coinbase International against Bybit−0.801%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)+0.816%+$82 · spread now −0.801%, 7d avg −0.090%

Together, before fees+0.978%+$98 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.711% cheaper against Bybit than usual: you would sell low and buy high (spread −0.801% now, against its 7-day average of −0.090%). If the spread goes back, that is −$71 on $10k: about 42 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INTCUSDT	121.12	0	get 0.0000% / 8h	39m 50s	$12.9M	$28.8M	50x
Short	Coinbase International INTC-PERP-INTX	120.15	0.0056	get 0.0007% / 1h	39m 50s	$240K	$817K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.801%Rate

Funding earned: $11.76
Price spread: −0.801% → −0.090%: −$71.06
Slippage, 4 orders: −$18.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$99.09
Costs to cover: 0.398%
Break-even: 66.0 days

Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 49 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 Bybit live order book, 4 min ago	1.24 bp	10.2 bp −$10	14.3 bp −$143	doesn't fit	doesn't fit
Sell Coinbase International live order book, 49 min ago	4.57 bp	9.6 bp −$10	13.4 bp −$134	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	−0.0515%	8h	121.27	+0.124%	$25.3M	$32.4M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.12	0.000%	$426K	$669K	20x	as long as short
Bybit INTCUSDTlong	0.0000%	8h	121.12	long leg	$12.9M	$28.8M	50x
Gate INTC_USDT	0.0000%	8h	121.16	+0.033%	$8.2M	$31.0M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.95	−0.137%	$906K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.20	+0.066%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.22	+0.083%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0008%	8h	121.33	+0.174%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0015%	8h	121.13	+0.008%	$18.1M	$68.0M	25x	as long as short
Aftermath Perps INTCUSD	+0.0031%	1h	121.11	−0.011%	$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	121.14	+0.017%	$671K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.182%	$213	$22K	12x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.17	+0.041%	$1.3M	$10.1M	10x	as long as short
Nado INTC-PERP	+0.0040%	1h	121.12	+0.002%	$157K	$294K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.14	+0.017%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.23	+0.091%	—	$1.5M	25x	as long as short
Binance INTCUSDT	+0.0046%	8h	121.13	+0.008%	$69.4M	$399.1M	25x	as long as short
Extended INTC_24_5-USD	+0.0048%	1h	121.12	−0.002%	$334K	$1.8M	10x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.18	+0.050%	$217K	$556K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.18	+0.050%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.16	+0.033%	$1.2M	$2.5M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0056%	1h	120.15	−0.801%	$240K	$817K	10x
Paradex INTC-USD-PERP	+0.0073%	8h	121.17	+0.041%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.23	+0.093%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.02	−0.083%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.20	+0.066%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0110%	8h	121.09	−0.025%	$1.1M	$106K	20x	as long as short
Lighter INTC	+0.0144%	1h	121.15	+0.023%	$1.4M	$1.8M	10x	as long as short
BloFin INTC-USDT	+0.0164%	8h	121.30	+0.149%	$898K	$312K	25x	as long as short
tradeXYZ xyz:INTC	+0.0174%	1h	121.09	−0.025%	$144.1M	$60.2M	10x	as long as short
Phoenix INTC	+0.0198%	1h	120.92	−0.165%	$47K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.21	+0.074%	$318K	$328K	10x	as long as short
edgeX INTCUSDC	+0.0482%	4h	121.16	+0.033%	$86K	$294K	10x	as long as short