Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.031%

Price spread now: Coinbase International against Binance−0.580%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)+0.518%+$52 · spread now −0.580%, 7d avg −0.098%

Together, before fees+0.675%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.482% cheaper against Binance than usual: you would sell low and buy high (spread −0.580% now, against its 7-day average of −0.098%). If the spread goes back, that is −$48 on $10k: about 21 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INTCUSDT	121.08	0.0108	pay 0.0108% / 8h	2h 47m	$70.7M	$400.1M	25x
Short	Coinbase International INTC-PERP-INTX	120.38	0.0184	get 0.0023% / 1h	47m 14s	$250K	$838K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.580%Rate

Funding earned: $15.91
Price spread: −0.580% → −0.098%: −$48.24
Slippage, 4 orders: −$14.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$66.59
Costs to cover: 0.343%
Break-even: 36.3 days

Slippage from Binance: live order book, 11 min ago; Coinbase International: live order book, 51 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 Binance live order book, 11 min ago	0.41 bp	6.7 bp −$7	11.7 bp −$117	29.0 bp −$2,898	172.3 bp −$86.1K
Sell Coinbase International live order book, 51 min ago	5.36 bp	10.4 bp −$10	13.0 bp −$130	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
Bitget INTCUSDT	−0.0721%	8h	121.22	+0.114%	$25.1M	$31.9M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.12	+0.030%	$300K	$543K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.09	+0.006%	$12.9M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.09	+0.006%	$8.5M	$30.1M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.26	+0.148%	$908K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.01	−0.060%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.10	+0.015%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.10	+0.015%	$660K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.213%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.13	+0.039%	$92K	$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	121.06	−0.020%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.09	+0.006%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.10	+0.015%	$208K	$496K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.09	+0.010%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.97	−0.093%	$1.2M	$2.4M	10x	as long as short
QFEX INTC-USD	+0.0052%	1h	121.06	−0.018%	$1.4M	$11.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0053%	8h	121.11	+0.023%	$18.2M	$67.8M	25x	as long as short
Variational Omni INTC	+0.0074%	8h	121.24	+0.133%	$2.1M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0097%	8h	121.07	−0.007%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.16	+0.064%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.05	−0.027%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0103%	1h	121.03	−0.041%	$160K	$288K	10x	as long as short
Binance INTCUSDTlong	+0.0108%	8h	121.08	long leg	$70.7M	$400.1M	25x
Extended INTC_24_5-USD	+0.0112%	1h	121.06	−0.016%	$336K	$1.9M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.08	0.000%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0139%	8h	121.14	+0.048%	$1.1M	$107K	20x	as long as short
Lighter INTC	+0.0168%	1h	121.11	+0.020%	$1.4M	$2.0M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0184%	1h	120.38	−0.580%	$250K	$838K	10x
RISEx INTC/USDC	+0.0215%	1h	121.13	+0.042%	$316K	$354K	10x	as long as short
BloFin INTC-USDT	+0.0228%	8h	121.11	+0.023%	$904K	$307K	25x	as long as short
tradeXYZ xyz:INTC	+0.0253%	1h	121.08	−0.002%	$144.9M	$65.8M	10x	as long as short
Phoenix INTC	+0.0265%	1h	121.19	+0.089%	$47K	$240K	10x	as long as short
edgeX INTCUSDC	+0.0993%	4h	121.18	+0.078%	$86K	$295K	10x	as long as short