Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h +0.055%

Price spread now: Bitget against Coinbase International−0.049%57s7-day average +0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.339% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.049%, 7d avg +0.126%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.175% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.126%). Swap the legs. The two prices were read 57 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	Coinbase International INTC-PERP-INTX	123.13	0.0144	pay 0.0018% / 1h	49m 22s	$262K	$931K	10x
Short	Bitget INTCUSDT	123.07	0	get 0.0000% / 8h	4h 49m	$25.5M	$32.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$30.24
Price spread: −0.049% → +0.126%: −$17.48
Slippage, 4 orders: −$11.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$81.63
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 59 min ago; Bitget: live order book, 5 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 Coinbase International live order book, 59 min ago	2.85 bp	7.9 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.81 bp	8.8 bp −$9	11.8 bp −$118	34.8 bp −$3,476	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
Nado INTC-PERP	−0.0044%	1h	122.93	−0.160%	$172K	$284K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.02	−0.088%	$306K	$523K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.01	−0.097%	$13.1M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.00	−0.106%	$8.6M	$30.1M	75x	as long as short
Bitget INTCUSDTshort	0.0000%	8h	123.07	−0.049%	$25.5M	$32.1M	50x
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.95	−0.146%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.03	−0.081%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.02	−0.089%	$665K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.454%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.04	−0.073%	$93K	$307K	10x	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	+0.0043%	1h	123.08	−0.045%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.00	−0.106%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.02	−0.093%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.89	−0.195%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0054%	8h	123.01	−0.097%	$18.7M	$67.4M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0059%	8h	123.18	+0.041%	$923K	$1.4M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.02	−0.089%	$1.6M	$12.4M	10x	as long as short
edgeX INTCUSDC	+0.0072%	4h	123.18	+0.039%	$87K	$293K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.06	−0.057%	$48K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.00	−0.106%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0117%	8h	122.99	−0.111%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.03	−0.082%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0123%	8h	123.03	−0.078%	$2.1M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTXlong	+0.0144%	1h	123.13	long leg	$262K	$931K	10x
Polymarket Perps INTC-USD	+0.0154%	1h	123.02	−0.089%	$212K	$485K	10x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	122.98	−0.120%	$340K	$1.8M	10x	as long as short
Binance INTCUSDT	+0.0160%	8h	123.02	−0.092%	$72.7M	$399.9M	25x	as long as short
KuCoin INTCUSDTM	+0.0188%	8h	123.06	−0.057%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.07	−0.049%	$927K	$305K	25x	as long as short
Phoenix INTC	+0.0324%	1h	123.20	+0.057%	$47K	$265K	10x	as long as short
tradeXYZ xyz:INTC	+0.0326%	1h	123.02	−0.089%	$146.9M	$69.0M	10x	as long as short
Lighter INTC	+0.0384%	1h	123.06	−0.056%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.06	−0.060%	$347K	$383K	10x	as long as short