Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0152%/8hnext payment −$0.19 per $10,000 · paid last 24h −0.035%

Price spread now: Coinbase International against Lighter−0.228%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$220.225% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)+0.246%+$25 · spread now −0.228%, 7d avg −0.102%

Together, before fees+0.102%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.126% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.102%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter INTC	122.01	0.0360	pay 0.0045% / 1h	23m 40s	$1.5M	$2.3M	10x
Short	Coinbase International INTC-PERP-INTX	121.73	0.0208	get 0.0026% / 1h	23m 40s	$323K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.228%Rate

Funding earned: −$31.92
Price spread: −0.228% → −0.102%: −$12.55
Slippage, 4 orders: −$12.5
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$66.97
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Coinbase International: live order book, 4 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 Lighter live order book, 7 min ago	1.11 bp	2.3 bp −$2	7.3 bp −$73	29.2 bp −$2,922	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.53 bp	9.5 bp −$10	12.9 bp −$129	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
Aster INTCUSDT	0.0000%	8h	121.92	−0.075%	$305K	$469K	20x	as long as short
Extended INTC_24_5-USD	0.0000%	1h	121.96	−0.038%	$325K	$1.1M	10x	as long as short
Binance INTCUSDT	0.0000%	8h	121.96	−0.037%	$72.9M	$405.0M	25x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.98	−0.023%	$13.5M	$28.8M	50x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	121.95	−0.048%	$18.4M	$67.7M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	121.96	−0.039%	$8.9M	$32.0M	75x	as long as short
Variational Omni INTC	0.0000%	8h	121.67	−0.273%	$2.0M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.27	−0.606%	$908K	$1.8M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.92	−0.072%	$1.7M	$51K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.95	−0.048%	$629K	$3.1M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	121.92	−0.072%	—	$1.4M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.89	−0.097%	$204K	$366K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.94	−0.052%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.82	−0.154%	$1.2M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0057%	1h	121.77	−0.195%	$2.0M	$14.7M	10x	as long as short
Paradex INTC-USD-PERP	+0.0062%	8h	121.95	−0.050%	—	—	5x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0078%	1h	121.91	−0.080%	$20K	$179K	10x	as long as short
Aevo INTC-PERP	+0.0080%	1h	121.91	−0.080%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	121.90	−0.089%	$1.2M	$61K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.45	−0.457%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.92	−0.072%	$4K	$3K	10x	as long as short
edgeX INTCUSDC	+0.0108%	4h	121.51	−0.409%	$86K	$284K	10x	as long as short
BloFin INTC-USDT	+0.0120%	8h	121.76	−0.203%	$873K	$309K	25x	as long as short
Nado INTC-PERP	+0.0183%	1h	121.78	−0.191%	$172K	$202K	10x	as long as short
Bitget INTCUSDT	+0.0192%	8h	121.99	−0.015%	$25.5M	$33.1M	50x	as long as short
RISEx INTC/USDC	+0.0193%	1h	121.83	−0.144%	$330K	$386K	10x	as long as short
Phoenix INTC	+0.0198%	1h	121.48	−0.433%	$47K	$287K	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0208%	1h	121.73	−0.228%	$323K	$1.0M	10x
tradeXYZ xyz:INTC	+0.0216%	1h	121.94	−0.056%	$144.5M	$83.7M	10x	as long as short
Injective INTC/USDC PERP	+0.0220%	1h	121.34	−0.548%	$213	$32K	12x	as long as short
Aftermath Perps INTCUSD	+0.0274%	1h	121.55	−0.372%	$2K	$53K	10x	as long as short
Arcus INTC-USD	+0.0291%	1h	121.78	−0.187%	$138K	$268K	10x	as long as short
Lighter INTClong	+0.0360%	1h	122.01	long leg	$1.5M	$2.3M	10x