Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.001%

Price spread now: Coinbase International against Gate−0.048%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)+0.094%+$9 · spread now −0.048%, 7d avg −0.076%

Together, before fees+0.251%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.028% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate INTC_USDT	123.87	0	get 0.0000% / 8h	0m 18s	$9.1M	$32.5M	75x
Short	Coinbase International INTC-PERP-INTX	123.81	0.0032	get 0.0004% / 1h	0m 18s	$264K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.048%Rate

Funding earned: $6.72
Price spread: −0.048% → −0.076%: $2.79
Slippage, 4 orders: −$15.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.44
Costs to cover: 0.410%
Break-even: 39.8 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 3 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 Gate live order book, 4 min ago	1.21 bp	10.0 bp −$10	16.2 bp −$162	53.7 bp −$5,370	100.6 bp −$50.3K
Sell Coinbase International live order book, 3 min ago	2.42 bp	10.4 bp −$10	14.3 bp −$143	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	123.84	−0.025%	$309K	$513K	20x	as long as short
Gate INTC_USDTlong	0.0000%	8h	123.87	long leg	$9.1M	$32.5M	75x
Phemex INTCUSDT	0.0000%	8h	123.91	+0.032%	$1.7M	$51K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0002%	8h	123.92	+0.040%	$18.7M	$69.9M	25x	as long as short
Bybit INTCUSDT	+0.0005%	8h	123.92	+0.040%	$13.4M	$29.0M	50x	as long as short
GRVT INTC_USDT_Perp	+0.0015%	8h	123.78	−0.073%	$928K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.94	+0.057%	$617K	$3.1M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0032%	1h	123.81	−0.048%	$264K	$1.2M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.042%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	123.77	−0.077%	$2K	$53K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	123.99	+0.097%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.89	+0.016%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.77	−0.081%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.87	0.000%	$1.9M	$15.3M	10x	as long as short
Nado INTC-PERP	+0.0058%	1h	123.82	−0.041%	$170K	$241K	10x	as long as short
Variational Omni INTC	+0.0078%	8h	123.88	+0.007%	$2.2M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0094%	8h	123.88	+0.008%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0099%	1h	123.89	+0.016%	$213K	$461K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.83	−0.032%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.85	−0.016%	$5K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.91	+0.036%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0128%	1h	123.89	+0.013%	$352K	$1.1M	10x	as long as short
Binance INTCUSDT	+0.0130%	8h	123.94	+0.057%	$72.3M	$409.9M	25x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0154%	1h	123.88	+0.008%	$21K	$178K	10x	as long as short
KuCoin INTCUSDTM	+0.0238%	8h	123.82	−0.040%	$1.2M	$58K	20x	as long as short
tradeXYZ xyz:INTC	+0.0240%	1h	123.87	0.000%	$147.2M	$79.2M	10x	as long as short
Bitget INTCUSDT	+0.0245%	8h	123.90	+0.024%	$25.5M	$34.2M	50x	as long as short
edgeX INTCUSDC	+0.0248%	4h	123.76	−0.091%	$88K	$290K	10x	as long as short
BloFin INTC-USDT	+0.0249%	8h	123.90	+0.024%	$912K	$317K	25x	as long as short
Lighter INTC	+0.0312%	1h	123.96	+0.076%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.77	−0.081%	$48K	$256K	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.94	+0.059%	$343K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.85	−0.016%	$95K	$311K	10x	as long as short