Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.003%

Price spread now: Bybit against Coinbase International+0.017%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.017%, 7d avg +0.084%

Together, before fees−0.235%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.067% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.084%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International INTC-PERP-INTX	120.98	0.0184	pay 0.0023% / 1h	5m 53s	$245K	$844K	10x
Short	Bybit INTCUSDT	121.00	0	get 0.0000% / 8h	2h 05m	$12.9M	$28.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$38.64
Price spread: +0.017% → +0.084%: −$6.72
Slippage, 4 orders: −$16.76
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$83.12
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 28 min ago; Bybit: live order book, 3 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, 28 min ago	3.74 bp	8.7 bp −$9	12.6 bp −$126	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.24 bp	9.4 bp −$9	14.3 bp −$143	308.3 bp −$30.8K	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	−0.0951%	8h	121.13	+0.124%	$25.3M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.90	−0.063%	$300K	$544K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	121.00	+0.017%	$12.9M	$28.8M	50x
Gate INTC_USDT	0.0000%	8h	121.00	+0.017%	$8.1M	$30.9M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.05	+0.061%	$907K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.92	−0.050%	$20K	$108K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.98	0.000%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.98	0.000%	$652K	$2.8M	10x	as long as short
Aftermath Perps INTCUSD	+0.0033%	1h	120.87	−0.092%	$2K	$55K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.298%	$213	$22K	12x	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	120.91	−0.058%	$91K	$307K	10x	as long as short
Variational Omni INTC	+0.0042%	8h	120.99	+0.011%	$2.1M	$2.5M	—	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.92	−0.050%	—	$1.5M	25x	as long as short
OKX INTC-USDT-SWAP	+0.0047%	8h	120.97	−0.008%	$18.0M	$67.8M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.01	+0.025%	$208K	$504K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.84	−0.116%	$1.2M	$2.4M	10x	as long as short
QFEX INTC-USD	+0.0052%	1h	120.98	0.000%	$1.4M	$10.6M	10x	as long as short
Nado INTC-PERP	+0.0082%	1h	120.93	−0.039%	$158K	$286K	10x	as long as short
Binance INTCUSDT	+0.0086%	8h	121.00	+0.017%	$70.0M	$397.4M	25x	as long as short
Extended INTC_24_5-USD	+0.0088%	1h	120.94	−0.036%	$336K	$1.9M	10x	as long as short
Paradex INTC-USD-PERP	+0.0089%	8h	120.96	−0.013%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.91	−0.058%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.99	+0.008%	$4K	$3K	10x	as long as short
SoDEX INTC-USD	+0.0103%	1h	121.01	+0.025%	$27K	$4K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	121.01	+0.021%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0115%	8h	120.92	−0.050%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0144%	1h	120.99	+0.007%	$1.4M	$2.0M	10x	as long as short
Coinbase International INTC-PERP-INTXlong	+0.0184%	1h	120.98	long leg	$245K	$844K	10x
BloFin INTC-USDT	+0.0206%	8h	121.02	+0.033%	$883K	$310K	25x	as long as short
RISEx INTC/USDC	+0.0215%	1h	121.04	+0.051%	$316K	$331K	10x	as long as short
tradeXYZ xyz:INTC	+0.0218%	1h	120.97	−0.008%	$144.7M	$64.2M	10x	as long as short
Phoenix INTC	+0.0265%	1h	121.00	+0.017%	$47K	$240K	10x	as long as short
edgeX INTCUSDC	+0.0980%	4h	120.99	+0.004%	$86K	$294K	10x	as long as short