Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.036%

Price spread now: Coinbase International against Phemex−0.223%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1151.151% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.355%+$35 on $10k

Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.223%, 7d avg −0.100%

Together, before fees+0.550%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.122% cheaper against Phemex than usual: you would sell low and buy high (spread −0.223% now, against its 7-day average of −0.100%). If the spread goes back, that is −$12 on $10k: about 7.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.355% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	121.16	0	get 0.0000% / 8h	6h 59m	$1.7M	$49K	10x
Short	Coinbase International INTC-PERP-INTX	120.89	0.0056	get 0.0007% / 1h	59m 18s	$256K	$894K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phemex. 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 PhemexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.223%Rate

Funding earned: $11.76
Price spread: −0.223% → −0.100%: −$12.25
Slippage, 4 orders: −$93.09
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$115.58
Costs to cover: 1.151%
Break-even: 75.8 days

Slippage from Phemex: live order book, 4 min ago; Coinbase International: live order book, 19 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 Phemex live order book, 4 min ago	4.96 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 19 min ago	4.98 bp	10.0 bp −$10	13.6 bp −$136	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	121.25	+0.074%	$432K	$674K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.20	+0.033%	$13.0M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.22	+0.050%	$8.0M	$30.8M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	121.29	+0.107%	$25.3M	$30.7M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.15	−0.008%	$20K	$105K	10x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	121.16	long leg	$1.7M	$49K	10x
OKX INTC-USDT-SWAP	+0.0005%	8h	121.21	+0.041%	$18.1M	$68.0M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.15	−0.008%	$662K	$2.6M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.149%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0038%	1h	121.00	−0.135%	$2K	$55K	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	121.35	+0.157%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.19	+0.025%	$217K	$512K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.18	+0.017%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.04	−0.099%	$1.2M	$2.6M	10x	as long as short
Variational Omni INTC	+0.0053%	8h	121.06	−0.085%	$1.8M	$2.7M	—	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0056%	1h	120.89	−0.223%	$256K	$894K	10x
QFEX INTC-USD	+0.0063%	1h	121.17	+0.008%	$1.2M	$9.7M	10x	as long as short
Binance INTCUSDT	+0.0094%	8h	121.22	+0.050%	$69.6M	$399.5M	25x	as long as short
Extended INTC_24_5-USD	+0.0096%	1h	121.18	+0.014%	$336K	$1.9M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.00	−0.132%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.18	+0.017%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	121.19	+0.025%	$49K	—	10x	as long as short
tradeXYZ xyz:INTC	+0.0110%	1h	121.17	+0.008%	$146.0M	$57.1M	10x	as long as short
Paradex INTC-USD-PERP	+0.0115%	8h	121.13	−0.024%	—	—	5x	as long as short
Nado INTC-PERP	+0.0124%	1h	121.08	−0.062%	$156K	$297K	10x	as long as short
Arcus INTC-USD	+0.0131%	1h	121.16	0.000%	$88K	$286K	10x	as long as short
Lighter INTC	+0.0160%	1h	121.19	+0.026%	$1.4M	$1.6M	10x	as long as short
KuCoin INTCUSDTM	+0.0160%	8h	121.14	−0.017%	$1.1M	$192K	20x	as long as short
BloFin INTC-USDT	+0.0211%	8h	121.06	−0.083%	$895K	$336K	25x	as long as short
Phoenix INTC	+0.0264%	1h	121.07	−0.074%	$47K	$201K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0278%	8h	121.16	+0.003%	$907K	$1.4M	10x	as long as short
RISEx INTC/USDC	+0.0394%	1h	121.23	+0.058%	$318K	$295K	10x	as long as short
edgeX INTCUSDC	+0.0755%	4h	121.14	−0.019%	$86K	$297K	10x	as long as short