Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.070%

Price spread now: BloFin against Coinbase International−0.017%58s7-day average +0.107% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.329% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.017%, 7d avg +0.107%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.124% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.107%). If the spread goes back, that is −$12 on $10k: about 5.7 days of funding at the current rate (+$2 a day). The two prices were read 58 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	120.84	0.0128	pay 0.0016% / 1h	57m 20s	$245K	$837K	10x
Short	BloFin INTC-USDT	120.82	0.0200	get 0.0200% / 8h	1h 57m	$889K	$309K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.017%Rate

Funding earned: $15.12
Price spread: −0.017% → +0.107%: −$12.39
Slippage, 4 orders: −$10.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.19
Costs to cover: 0.329%
Break-even: 21.0 days

Slippage from Coinbase International: live order book, 36 min ago; BloFin: live order book, 30 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, 36 min ago	3.74 bp	8.7 bp −$9	12.6 bp −$126	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	1.67 bp	7.8 bp −$8	12.9 bp −$129	23.2 bp −$2,315	49.6 bp −$24.8K

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	−0.0884%	8h	120.86	+0.017%	$25.3M	$32.3M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.76	−0.066%	$300K	$544K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.77	−0.058%	$12.9M	$28.7M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.82	−0.017%	$8.1M	$30.5M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.91	+0.058%	$906K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.85	+0.008%	$20K	$108K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.90	+0.050%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.75	−0.074%	$666K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.414%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0034%	1h	120.76	−0.070%	$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
Variational Omni INTC	+0.0035%	8h	120.90	+0.052%	$2.1M	$2.5M	—	as long as short
Arcus INTC-USD	+0.0040%	1h	120.81	−0.025%	$91K	$307K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0042%	8h	120.75	−0.074%	$18.0M	$67.8M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.76	−0.066%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.73	−0.091%	$1.4M	$10.5M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.89	+0.046%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.77	−0.058%	$1.2M	$2.4M	10x	as long as short
Extended INTC_24_5-USD	+0.0080%	1h	120.70	−0.119%	$336K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0081%	8h	120.75	−0.073%	$70.0M	$397.5M	25x	as long as short
Lighter INTC	+0.0088%	1h	120.80	−0.036%	$1.4M	$1.9M	10x	as long as short
Paradex INTC-USD-PERP	+0.0091%	8h	120.79	−0.042%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.85	+0.008%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.70	−0.116%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.76	−0.065%	$49K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0111%	1h	120.80	−0.033%	$216K	$515K	10x	as long as short
KuCoin INTCUSDTM	+0.0112%	8h	120.83	−0.008%	$1.1M	$105K	20x	as long as short
Coinbase International INTC-PERP-INTXlong	+0.0128%	1h	120.84	long leg	$245K	$837K	10x
Nado INTC-PERP	+0.0144%	1h	120.72	−0.099%	$157K	$288K	10x	as long as short
edgeX INTCUSDC	+0.0170%	4h	120.84	−0.003%	$86K	$296K	10x	as long as short
BloFin INTC-USDTshort	+0.0200%	8h	120.82	−0.017%	$889K	$309K	25x
RISEx INTC/USDC	+0.0239%	1h	120.82	−0.016%	$316K	$330K	10x	as long as short
Phoenix INTC	+0.0265%	1h	120.81	−0.025%	$47K	$239K	10x	as long as short
tradeXYZ xyz:INTC	+0.0291%	1h	120.76	−0.066%	$144.4M	$64.2M	10x	as long as short