Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.038%

Price spread now: Coinbase International against Phemex+0.008%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1061.064% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.356%+$36 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.008%, 7d avg −0.092%

Together, before fees+0.351%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.100% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	121.38	0	get 0.0000% / 8h	3h 13m	$1.7M	$50K	10x
Short	Coinbase International INTC-PERP-INTX	121.39	0.0192	get 0.0024% / 1h	13m 51s	$256K	$826K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phemex. 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 PhemexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.008%Rate

Funding earned: $40.32
Price spread: +0.008% → −0.092%: $9.99
Slippage, 4 orders: −$84.45
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$56.14
Costs to cover: 1.064%
Break-even: 16.7 days

Slippage from Phemex: live order book, 4 min ago; Coinbase International: live order book, 25 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 Phemex live order book, 4 min ago	5.36 bp	40.9 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 25 min ago	5.36 bp	10.4 bp −$10	13.0 bp −$130	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	−0.0416%	8h	121.53	+0.124%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0055%	1h	121.24	−0.118%	$170K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.46	+0.067%	$305K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.42	+0.033%	$12.8M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.38	0.000%	$8.4M	$30.3M	75x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	121.38	long leg	$1.7M	$50K	10x
GRVT INTC_USDT_Perp	+0.0008%	8h	121.47	+0.074%	$910K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.37	−0.008%	$660K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.033%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.32	−0.049%	$92K	$307K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0044%	1h	121.40	+0.017%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.15	−0.189%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.36	−0.016%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.25	−0.107%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.37	−0.008%	$1.5M	$11.5M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0058%	8h	121.45	+0.058%	$18.3M	$67.7M	25x	as long as short
Variational Omni INTC	+0.0087%	8h	121.46	+0.069%	$2.1M	$2.5M	—	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.33	−0.041%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.37	−0.008%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	121.29	−0.073%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.49	+0.088%	$49K	—	10x	as long as short
Binance INTCUSDT	+0.0126%	8h	121.43	+0.045%	$71.4M	$398.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0128%	1h	121.36	−0.016%	$336K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0158%	1h	121.42	+0.033%	$209K	$488K	10x	as long as short
KuCoin INTCUSDTM	+0.0160%	8h	121.31	−0.058%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0184%	1h	121.39	+0.007%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0192%	1h	121.39	+0.008%	$256K	$826K	10x
Deribit INTC_USDC-PERPETUAL	+0.0245%	1h	121.35	−0.025%	$20K	$107K	10x	as long as short
BloFin INTC-USDT	+0.0245%	8h	121.48	+0.082%	$914K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0295%	1h	121.38	0.000%	$145.3M	$66.9M	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.38	0.000%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.40	+0.013%	$343K	$345K	10x	as long as short
edgeX INTCUSDC	+0.0651%	4h	121.31	−0.054%	$86K	$295K	10x	as long as short