Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.011%

Price spread now: OKX against Coinbase International+0.107%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.283%−$28 on $10k

Price spread, last 3 days (all we have)−0.212%−$21 · spread now +0.107%, 7d avg +0.072%

Together, before fees−0.495%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.034% dearer against Coinbase International than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.072%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International INTC-PERP-INTX	122.03	0.0160	pay 0.0020% / 1h	7m 40s	$280K	$1.2M	10x
Short	OKX INTC-USDT-SWAP	122.16	0	get 0.0000% / 8h	2h 07m	$18.3M	$68.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$33.6
Price spread: +0.107% → +0.072%: $3.42
Slippage, 4 orders: −$14.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$65.06
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	3.69 bp	10.6 bp −$11	15.0 bp −$150	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.41 bp	6.3 bp −$6	13.9 bp −$139	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	122.14	+0.092%	$303K	$501K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.25	+0.180%	$13.3M	$29.0M	50x	as long as short
OKX INTC-USDT-SWAPshort	0.0000%	8h	122.16	+0.107%	$18.3M	$68.4M	25x
Gate INTC_USDT	0.0000%	8h	122.19	+0.131%	$9.0M	$32.4M	75x	as long as short
Variational Omni INTC	0.0000%	8h	122.19	+0.133%	$2.1M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	122.17	+0.116%	$915K	$1.6M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.13	+0.082%	$20K	$180K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	122.19	+0.131%	$1.7M	$51K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	122.21	+0.148%	$604K	$3.1M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.565%	$213	$27K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance INTCUSDT	+0.0040%	8h	122.22	+0.154%	$71.5M	$411.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0040%	1h	122.20	+0.142%	$326K	$1.1M	10x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	122.15	+0.097%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.24	+0.172%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	122.20	+0.139%	$204K	$399K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.20	+0.139%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.03	0.000%	$1.3M	$2.2M	10x	as long as short
Nado INTC-PERP	+0.0054%	1h	122.12	+0.076%	$171K	$228K	10x	as long as short
QFEX INTC-USD	+0.0080%	1h	122.21	+0.148%	$1.9M	$15.0M	10x	as long as short
Aevo INTC-PERP	+0.0088%	1h	122.21	+0.148%	$49K	—	10x	as long as short
Paradex INTC-USD-PERP	+0.0090%	8h	122.20	+0.138%	—	—	5x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	122.14	+0.090%	$1.2M	$60K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.20	+0.139%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.17	+0.115%	$4K	$3K	10x	as long as short
BloFin INTC-USDT	+0.0155%	8h	122.13	+0.082%	$897K	$317K	25x	as long as short
Coinbase International INTC-PERP-INTXlong	+0.0160%	1h	122.03	long leg	$280K	$1.2M	10x
tradeXYZ xyz:INTC	+0.0194%	1h	122.19	+0.131%	$144.3M	$80.5M	10x	as long as short
Bitget INTCUSDT	+0.0212%	8h	122.22	+0.156%	$25.4M	$34.2M	50x	as long as short
edgeX INTCUSDC	+0.0234%	4h	122.19	+0.129%	$87K	$286K	10x	as long as short
Phoenix INTC	+0.0263%	1h	122.18	+0.123%	$47K	$291K	10x	as long as short
Lighter INTC	+0.0344%	1h	122.26	+0.189%	$1.5M	$2.1M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	122.25	+0.181%	$329K	$369K	10x	as long as short
Arcus INTC-USD	+0.0507%	1h	122.21	+0.148%	$107K	$299K	10x	as long as short