Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.039%

Price spread now: Phemex against Coinbase International+0.449%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$930.931% of the position

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.357%−$36 on $10k

Price spread, last 4 days (all we have)−0.421%−$42 · spread now +0.449%, 7d avg +0.095%

Together, before fees−0.778%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.353% dearer against Coinbase International than usual: you sell high and buy low (spread +0.449% now, against its 7-day average of +0.095%): +$35 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International INTC-PERP-INTX	122.57	0.0152	pay 0.0019% / 1h	12m 45s	$258K	$923K	10x
Short	Phemex INTCUSDT	123.12	0	get 0.0000% / 8h	5h 12m	$1.7M	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.449%Rate

Funding earned: −$31.92
Price spread: +0.449% → +0.095%: $35.35
Slippage, 4 orders: −$71.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$89.7
Costs to cover: 0.931%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 36 min ago; Phemex: 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, 36 min ago	2.85 bp	7.9 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.62 bp	40.9 bp −$41	doesn't fit	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
Nado INTC-PERP	−0.0091%	1h	123.04	+0.385%	$172K	$284K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.04	+0.380%	$307K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.11	+0.441%	$13.2M	$28.3M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.12	+0.449%	$8.6M	$30.3M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.18	+0.498%	$25.5M	$32.1M	50x	as long as short
Phemex INTCUSDTshort	0.0000%	8h	123.12	+0.449%	$1.7M	$50K	10x
Lighter RH INTC	+0.0032%	1h	123.15	+0.473%	$653K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.004%	$213	$22K	12x	as long as short
GRVT INTC_USDT_Perp	+0.0038%	8h	123.15	+0.470%	$922K	$1.4M	10x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	123.03	+0.372%	$2K	$52K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus INTC-USD	+0.0040%	1h	123.05	+0.392%	$93K	$307K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0041%	8h	123.14	+0.465%	$18.6M	$67.4M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.10	+0.432%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.11	+0.436%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.95	+0.310%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0057%	1h	123.14	+0.465%	$1.6M	$12.5M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.18	+0.498%	$45K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.12	+0.449%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0112%	8h	123.10	+0.433%	—	—	5x	as long as short
Variational Omni INTC	+0.0117%	8h	123.12	+0.445%	$2.2M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.14	+0.461%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	123.11	+0.443%	$341K	$1.8M	10x	as long as short
Coinbase International INTC-PERP-INTXlong	+0.0152%	1h	122.57	long leg	$258K	$923K	10x
Binance INTCUSDT	+0.0155%	8h	123.15	+0.471%	$72.7M	$399.4M	25x	as long as short
Polymarket Perps INTC-USD	+0.0171%	1h	123.12	+0.449%	$212K	$483K	10x	as long as short
KuCoin INTCUSDTM	+0.0178%	8h	123.06	+0.400%	$1.1M	$104K	20x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0238%	1h	123.07	+0.408%	$21K	$107K	10x	as long as short
Phoenix INTC	+0.0261%	1h	123.00	+0.351%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0264%	1h	123.17	+0.491%	$348K	$382K	10x	as long as short
BloFin INTC-USDT	+0.0275%	8h	123.11	+0.441%	$926K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0304%	1h	123.10	+0.432%	$147.1M	$68.4M	10x	as long as short
Lighter INTC	+0.0352%	1h	123.17	+0.491%	$1.5M	$2.0M	10x	as long as short
edgeX INTCUSDC	+0.0955%	4h	123.11	+0.438%	$87K	$293K	10x	as long as short