Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h +0.022%

Price spread now: Nado against Binance−0.006%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 2 days (all we have)+0.012%+$1 · spread now −0.006%, 7d avg −0.044%

Together, before fees+0.084%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.038% dearer against Binance than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.044%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 3 days funding on this pair paid +0.072%, 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 3 days it paid 0.072% in total (about 8.1% 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	Binance INTCUSDT	123.55	0.0169	pay 0.0169% / 8h	6h 58m	$72.3M	$399.8M	25x
Short	Nado INTC-PERP	123.54	−0.0082	pay 0.0010% / 1h	58m 17s	$173K	$244K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.006%Rate

Funding earned: −$52.52
Price spread: −0.006% → −0.044%: $3.79
Slippage, 4 orders: −$28
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$93.73
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Nado: live order book, 9 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, 15 min ago	0.40 bp	7.1 bp −$7	11.7 bp −$117	32.0 bp −$3,199	104.2 bp −$52.1K
Sell Nado live order book, 9 min ago	1.21 bp	20.9 bp −$21	33.5 bp −$335	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-PERPshort	−0.0082%	1h	123.54	−0.006%	$173K	$244K	10x
Aster INTCUSDT	0.0000%	8h	123.61	+0.053%	$318K	$516K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.53	−0.015%	$13.3M	$28.3M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.61	+0.050%	$8.4M	$29.9M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.50	−0.039%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.54	−0.007%	$1.7M	$51K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0028%	8h	123.55	+0.002%	$18.6M	$67.4M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	123.55	+0.002%	$614K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.787%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	123.67	+0.098%	$2K	$52K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus INTC-USD	+0.0040%	1h	123.70	+0.123%	$95K	$306K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0041%	8h	123.77	+0.180%	$928K	$1.4M	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.72	+0.139%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	123.58	+0.026%	$213K	$474K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.53	−0.015%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.50	−0.039%	$1.3M	$2.2M	10x	as long as short
tradeXYZ xyz:INTC	+0.0052%	1h	123.57	+0.018%	$147.5M	$69.7M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.58	+0.026%	$1.7M	$13.5M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	123.53	−0.015%	$261K	$1.0M	10x	as long as short
Paradex INTC-USD-PERP	+0.0089%	8h	123.56	+0.009%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.82	+0.220%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.56	+0.010%	$4K	$3K	10x	as long as short
Bitget INTCUSDT	+0.0118%	8h	123.62	+0.058%	$25.5M	$32.0M	50x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.60	+0.042%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0129%	8h	123.72	+0.142%	$2.2M	$2.5M	—	as long as short
Extended INTC_24_5-USD	+0.0168%	1h	123.55	−0.001%	$352K	$1.8M	10x	as long as short
Binance INTCUSDTlong	+0.0169%	8h	123.55	long leg	$72.3M	$399.8M	25x
Phoenix INTC	+0.0258%	1h	123.77	+0.180%	$48K	$244K	10x	as long as short
KuCoin INTCUSDTM	+0.0264%	8h	123.63	+0.066%	$1.2M	$54K	20x	as long as short
Lighter INTC	+0.0272%	1h	123.60	+0.044%	$1.5M	$1.8M	10x	as long as short
BloFin INTC-USDT	+0.0290%	8h	123.72	+0.139%	$920K	$310K	25x	as long as short
RISEx INTC/USDC	+0.0423%	1h	123.61	+0.054%	$342K	$379K	10x	as long as short
edgeX INTCUSDC	+0.0643%	4h	123.79	+0.193%	$88K	$291K	10x	as long as short