Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.004%

Price spread now: Coinbase International against GRVT+0.046%7-day average −0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.046%, 7d avg −0.084%

Together, before fees+0.340%+ Points / potential airdropGRVT: Active · farm board+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.130% dearer against GRVT than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT INTC_USDT_Perp	123.07	0.0060	pay 0.0060% / 8h	4h 43m	$922K	$1.4M	10x
Short	Coinbase International INTC-PERP-INTX	123.13	0.0144	get 0.0018% / 1h	43m 29s	$262K	$931K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now +0.046%Rate

Funding earned: $17.64
Price spread: +0.046% → −0.084%: $13.04
Slippage, 4 orders: −$19.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.19
Costs to cover: 0.389%
Break-even: 10.2 days

Slippage from GRVT: live order book, 5 min ago; Coinbase International: live order book, 65 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 GRVT live order book, 5 min ago	2.03 bp	13.0 bp −$13	21.3 bp −$213	doesn't fit	doesn't fit
Sell Coinbase International live order book, 65 min ago	2.85 bp	8.8 bp −$9	13.5 bp −$135	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	−0.0064%	1h	123.13	+0.044%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.13	+0.045%	$307K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.17	+0.079%	$13.1M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.16	+0.071%	$8.6M	$30.1M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.24	+0.136%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.05	−0.019%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.15	+0.063%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.21	+0.111%	$665K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.408%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.03	−0.035%	$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	+0.0042%	1h	123.06	−0.010%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.12	+0.038%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.10	+0.023%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.92	−0.124%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0053%	8h	123.16	+0.071%	$18.8M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perplong	+0.0060%	8h	123.07	long leg	$922K	$1.4M	10x
QFEX INTC-USD	+0.0060%	1h	123.18	+0.087%	$1.6M	$12.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.09	+0.014%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.08	+0.006%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0112%	8h	123.18	+0.089%	—	—	5x	as long as short
edgeX INTCUSDC	+0.0118%	4h	123.00	−0.058%	$87K	$294K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.12	+0.037%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0122%	8h	123.06	−0.009%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0129%	1h	123.19	+0.095%	$212K	$485K	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0144%	1h	123.13	+0.046%	$262K	$931K	10x
Binance INTCUSDT	+0.0160%	8h	123.20	+0.103%	$72.8M	$399.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.19	+0.094%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0188%	8h	123.17	+0.079%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.06	−0.010%	$927K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0304%	1h	123.17	+0.079%	$147.1M	$69.0M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.06	−0.010%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0352%	1h	123.26	+0.150%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.25	+0.141%	$348K	$383K	10x	as long as short