Settings8H · net · $10k
Funding arb · Price arb /

INTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0288%/8h= −31.5% APRnext payment $0.36 per $10,000 · paid last 24h −0.062%
Price spread now: Coinbase International against Lighter−0.015%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$240.239% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.150%−$15 on $10k
Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.015%, 7d avg −0.100%
Together, before fees−0.117%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.085% dearer against Lighter than usual: you sell high and buy low (spread −0.015% now, against its 7-day average of −0.100%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.150% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter INTC122.730.0352pay 0.0044% / 1h3m 33s$1.5M$2.0M10x
ShortCoinbase International INTC-PERP-INTX122.710.0064get 0.0008% / 1h3m 33s$259K$1.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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

Funding earned
−$60.48
Price spread: −0.015% → −0.100%
$8.46
Slippage, 4 orders
−$13.93
Fee Lighter: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$75.96
Costs to cover
0.239%
Break-even
never at this rate
Slippage from Lighter: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 3 min ago1.22 bp1.4 bp −$15.3 bp −$5329.2 bp −$2,918doesn't fit
Sell Coinbase International live order book, 5 min ago5.30 bp10.3 bp −$1013.2 bp −$132doesn't fitdoesn't fit

INTC on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado INTC-PERP−0.0029%1h122.62−0.089%$172K$282K10xas long as short
Aster INTCUSDT0.0000%8h122.75+0.021%$306K$524K20xas long as short
Bybit INTCUSDT0.0000%8h122.68−0.040%$13.3M$28.3M50xas long as short
Gate INTC_USDT0.0000%8h122.67−0.048%$8.4M$30.4M75xas long as short
Bitget INTCUSDT0.0000%8h122.76+0.025%$25.4M$32.2M50xas long as short
GRVT INTC_USDT_Perp0.0000%8h122.72−0.007%$920K$1.4M10xas long as short
Phemex INTCUSDT0.0000%8h122.73+0.001%$1.7M$50K10xas long as short
OKX INTC-USDT-SWAP+0.0022%8h122.67−0.048%$18.5M$67.0M25xas long as short
Lighter RH INTC+0.0032%1h122.71−0.015%$628K$2.8M10xas long as short
Injective INTC/USDC PERP+0.0033%1h121.34−1.132%$213$22K12xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps INTCUSD+0.0040%1h122.68−0.037%$2K$52K10xas long as short
Arcus INTC-USD+0.0040%1h122.65−0.064%$93K$308K10xas long as short
Vest INTC-USD-PERP+0.0046%1h122.60−0.105%$1.5M25xas long as short
SoDEX INTC-USD+0.0050%1h122.70−0.020%$27K$4K10xas long as short
Ondo Perps INTC-USD.P+0.0050%1h122.68−0.040%$1.3M$2.2M10xas long as short
QFEX INTC-USD+0.0055%1h122.66−0.056%$1.6M$12.9M10xas long as short
Coinbase International INTC-PERP-INTXshort+0.0064%1h122.71−0.015%$259K$1.0M10x
Deribit INTC_USDC-PERPETUAL+0.0076%1h122.63−0.081%$21K$107K10xas long as short
ApeX Omni INTCUSDT+0.0100%1h122.71−0.015%$45K$259K50xas long as short
Orderly PERP_INTC_USDC_mythos+0.0100%8h122.69−0.032%$4K$3K10xas long as short
Variational Omni INTC+0.0102%8h122.80+0.061%$2.1M$2.5Mas long as short
Paradex INTC-USD-PERP+0.0106%8h122.67−0.048%5xas long as short
Polymarket Perps INTC-USD+0.0113%1h122.72−0.007%$211K$479K10xas long as short
Aevo INTC-PERP+0.0120%1h122.70−0.025%$49K10xas long as short
Extended INTC_24_5-USD+0.0144%1h122.67−0.048%$338K$1.8M10xas long as short
Binance INTCUSDT+0.0145%8h122.67−0.046%$72.3M$401.0M25xas long as short
Phoenix INTC+0.0194%1h122.71−0.015%$47K$245K10xas long as short
KuCoin INTCUSDTM+0.0220%8h122.64−0.073%$1.2M$89K20xas long as short
edgeX INTCUSDC+0.0245%4h122.71−0.017%$87K$291K10xas long as short
tradeXYZ xyz:INTC+0.0252%1h122.67−0.048%$146.3M$69.1M10xas long as short
Lighter INTClong+0.0352%1h122.73long leg$1.5M$2.0M10x
RISEx INTC/USDC+0.0423%1h122.70−0.022%$346K$383K10xas long as short