Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Coinbase International against Gate−0.645%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$440.435% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 4 days (all we have)+0.691%+$69 · spread now −0.645%, 7d avg −0.070%

Together, before fees+0.879%+$88 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.575% cheaper against Gate than usual: you would sell low and buy high (spread −0.645% now, against its 7-day average of −0.070%). If the spread goes back, that is −$57 on $10k: about 15 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate INTC_USDT	120.93	0	get 0.0000% / 8h	1h 19m	$8.2M	$31.0M	75x
Short	Coinbase International INTC-PERP-INTX	120.15	0.0128	get 0.0016% / 1h	19m 02s	$240K	$836K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.645%Rate

Funding earned: $26.88
Price spread: −0.645% → −0.070%: −$57.46
Slippage, 4 orders: −$18.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$74.09
Costs to cover: 0.435%
Break-even: 26.3 days

Slippage from Gate: live order book, 5 min ago; Coinbase International: 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 Gate live order book, 5 min ago	1.24 bp	13.4 bp −$13	36.9 bp −$369	65.9 bp −$6,586	112.4 bp −$56.2K
Sell Coinbase International live order book, 9 min ago	4.57 bp	9.6 bp −$10	13.4 bp −$134	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	−0.0900%	8h	121.06	+0.108%	$25.3M	$32.3M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.86	−0.061%	$425K	$669K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.90	−0.025%	$12.9M	$28.6M	50x	as long as short
Gate INTC_USDTlong	0.0000%	8h	120.93	long leg	$8.2M	$31.0M	75x
GRVT INTC_USDT_Perp	0.0000%	8h	120.85	−0.068%	$905K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.87	−0.050%	$20K	$109K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.90	−0.025%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0020%	8h	120.92	−0.008%	$18.0M	$67.8M	25x	as long as short
Variational Omni INTC	+0.0024%	8h	120.82	−0.092%	$2.1M	$2.5M	—	as long as short
Aftermath Perps INTCUSD	+0.0029%	1h	120.63	−0.249%	$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	120.94	+0.008%	$672K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.339%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.76	−0.141%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.86	−0.058%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.92	−0.008%	$1.3M	$10.1M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.92	−0.008%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.66	−0.223%	$1.2M	$2.5M	10x	as long as short
Extended INTC_24_5-USD	+0.0064%	1h	120.90	−0.025%	$334K	$965K	10x	as long as short
Binance INTCUSDT	+0.0067%	8h	120.91	−0.017%	$69.4M	$398.4M	25x	as long as short
Polymarket Perps INTC-USD	+0.0072%	1h	120.94	+0.008%	$216K	$522K	10x	as long as short
Paradex INTC-USD-PERP	+0.0080%	8h	120.88	−0.045%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.96	+0.026%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.75	−0.149%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.93	0.000%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0111%	8h	120.88	−0.041%	$1.1M	$106K	20x	as long as short
Lighter INTC	+0.0112%	1h	120.95	+0.018%	$1.4M	$1.9M	10x	as long as short
Nado INTC-PERP	+0.0121%	1h	120.86	−0.060%	$157K	$294K	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0128%	1h	120.15	−0.645%	$240K	$836K	10x
BloFin INTC-USDT	+0.0187%	8h	120.87	−0.050%	$894K	$311K	25x	as long as short
tradeXYZ xyz:INTC	+0.0196%	1h	120.91	−0.017%	$144.4M	$62.5M	10x	as long as short
Phoenix INTC	+0.0199%	1h	120.77	−0.132%	$47K	$239K	10x	as long as short
RISEx INTC/USDC	+0.0239%	1h	121.01	+0.063%	$317K	$319K	10x	as long as short
edgeX INTCUSDC	+0.0725%	4h	120.75	−0.147%	$86K	$295K	10x	as long as short