Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h +0.031%

Price spread now: Binance against Coinbase International+0.684%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs+$25as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Coinbase International Short on Binance

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)−0.640%−$64 · spread now +0.684%, 7d avg +0.096%

Together, before fees−0.797%−$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.588% dearer against Coinbase International than usual: you sell high and buy low (spread +0.684% now, against its 7-day average of +0.096%): +$59 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International INTC-PERP-INTX	120.15	0.0128	pay 0.0016% / 1h	17m 11s	$240K	$835K	10x
Short	Binance INTCUSDT	120.97	0.0067	get 0.0067% / 8h	1h 17m	$69.4M	$398.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.684%Rate

Funding earned: −$12.84
Price spread: +0.684% → +0.096%: $58.76
Slippage, 4 orders: −$13.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $12.52
Costs to cover: 0.334%
Break-even: from the start

Slippage from Coinbase International: live order book, 11 min ago; Binance: live order book, 11 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 Coinbase International live order book, 11 min ago	4.57 bp	9.7 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.83 bp	6.7 bp −$7	11.2 bp −$112	38.8 bp −$3,885	131.8 bp −$65.9K

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	−0.0865%	8h	121.11	+0.799%	$25.3M	$32.3M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.90	+0.628%	$425K	$669K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.96	+0.674%	$12.9M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.96	+0.674%	$8.2M	$31.0M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.96	+0.673%	$907K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.88	+0.608%	$20K	$109K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.95	+0.666%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0021%	8h	120.97	+0.682%	$18.0M	$67.9M	25x	as long as short
Variational Omni INTC	+0.0024%	8h	120.82	+0.557%	$2.1M	$2.5M	—	as long as short
Aftermath Perps INTCUSD	+0.0030%	1h	120.78	+0.528%	$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
Lighter RH INTC	+0.0032%	1h	120.96	+0.674%	$671K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.990%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.84	+0.574%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.89	+0.616%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.92	+0.641%	$1.3M	$10.1M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.96	+0.674%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.78	+0.524%	$1.2M	$2.5M	10x	as long as short
Extended INTC_24_5-USD	+0.0064%	1h	120.94	+0.655%	$334K	$965K	10x	as long as short
Binance INTCUSDTshort	+0.0067%	8h	120.97	+0.684%	$69.4M	$398.5M	25x
Polymarket Perps INTC-USD	+0.0079%	1h	120.95	+0.666%	$216K	$523K	10x	as long as short
Paradex INTC-USD-PERP	+0.0080%	8h	120.93	+0.652%	—	—	5x	as long as short
Lighter INTC	+0.0096%	1h	120.97	+0.687%	$1.4M	$1.9M	10x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.95	+0.669%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.75	+0.499%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.95	+0.666%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0112%	8h	120.90	+0.624%	$1.1M	$106K	20x	as long as short
Nado INTC-PERP	+0.0119%	1h	120.89	+0.616%	$157K	$294K	10x	as long as short
Coinbase International INTC-PERP-INTXlong	+0.0128%	1h	120.15	long leg	$240K	$835K	10x
BloFin INTC-USDT	+0.0187%	8h	120.98	+0.691%	$892K	$311K	25x	as long as short
Phoenix INTC	+0.0199%	1h	120.96	+0.674%	$47K	$239K	10x	as long as short
tradeXYZ xyz:INTC	+0.0199%	1h	120.95	+0.666%	$144.5M	$62.5M	10x	as long as short
edgeX INTCUSDC	+0.0213%	4h	120.91	+0.635%	$86K	$295K	10x	as long as short
RISEx INTC/USDC	+0.0239%	1h	121.02	+0.720%	$317K	$319K	10x	as long as short