Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.003%

Price spread now: Coinbase International against KuCoin−0.202%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.234%+$23 · spread now −0.202%, 7d avg −0.078%

Together, before fees+0.294%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.124% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.078%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INTCUSDTM	123.58	0.0225	pay 0.0225% / 8h	18m 53s	$1.2M	$58K	20x
Short	Coinbase International INTC-PERP-INTX	123.33	0.0032	get 0.0004% / 1h	18m 53s	$263K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.202%Rate

Funding earned: −$40.53
Price spread: −0.202% → −0.078%: −$12.4
Slippage, 4 orders: −$99.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$174.28
Costs to cover: 1.214%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Coinbase International: 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 KuCoin live order book, 1 min ago	5.67 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.05 bp	9.1 bp −$9	13.3 bp −$133	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	123.69	+0.089%	$309K	$508K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.71	+0.105%	$18.7M	$69.5M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.63	+0.040%	$9.1M	$32.3M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.65	+0.057%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0004%	8h	123.52	−0.049%	$925K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0014%	8h	123.70	+0.097%	$13.4M	$29.0M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.66	+0.065%	$616K	$3.1M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0032%	1h	123.33	−0.202%	$263K	$1.2M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.813%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	123.45	−0.102%	$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	123.59	+0.008%	—	$1.5M	25x	as long as short
Nado INTC-PERP	+0.0047%	1h	123.43	−0.123%	$170K	$239K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.58	+0.002%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.34	−0.194%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.53	−0.040%	$1.9M	$15.3M	10x	as long as short
Variational Omni INTC	+0.0058%	8h	123.50	−0.066%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0079%	1h	123.61	+0.024%	$213K	$458K	10x	as long as short
Paradex INTC-USD-PERP	+0.0093%	8h	123.51	−0.057%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.55	−0.024%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.61	+0.024%	$4K	$3K	10x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	123.68	+0.083%	$351K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.65	+0.060%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0112%	8h	123.70	+0.100%	$72.1M	$410.4M	25x	as long as short
KuCoin INTCUSDTMlong	+0.0225%	8h	123.58	long leg	$1.2M	$58K	20x
BloFin INTC-USDT	+0.0232%	8h	123.55	−0.024%	$916K	$311K	25x	as long as short
Bitget INTCUSDT	+0.0240%	8h	123.75	+0.138%	$25.5M	$34.2M	50x	as long as short
tradeXYZ xyz:INTC	+0.0244%	1h	123.67	+0.073%	$147.0M	$79.3M	10x	as long as short
Lighter INTC	+0.0304%	1h	123.69	+0.090%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.53	−0.040%	$47K	$256K	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.56	−0.014%	$342K	$378K	10x	as long as short
edgeX INTCUSDC	+0.0553%	4h	123.46	−0.097%	$88K	$288K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.51	−0.057%	$95K	$311K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0640%	1h	123.65	+0.057%	$21K	$178K	10x	as long as short