Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.031%

Price spread now: Coinbase International against Binance−0.557%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

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

Long on Binance Short on Coinbase International

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)+0.513%+$51 · spread now −0.557%, 7d avg −0.096%

Together, before fees+0.670%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.460% cheaper against Binance than usual: you would sell low and buy high (spread −0.557% now, against its 7-day average of −0.096%). If the spread goes back, that is −$46 on $10k: about 25 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INTCUSDT	120.82	0.0068	pay 0.0068% / 8h	1h 21m	$69.3M	$398.1M	25x
Short	Coinbase International INTC-PERP-INTX	120.15	0.0128	get 0.0016% / 1h	21m 02s	$240K	$836K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.557%Rate

Funding earned: $12.65
Price spread: −0.557% → −0.096%: −$46.03
Slippage, 4 orders: −$13.4
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$66.78
Costs to cover: 0.334%
Break-even: 44.0 days

Slippage from Binance: live order book, 8 min ago; Coinbase International: live order book, 7 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 Binance live order book, 8 min ago	0.83 bp	7.4 bp −$7	11.4 bp −$114	30.9 bp −$3,089	206.4 bp −$103.2K
Sell Coinbase International live order book, 7 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	−0.0929%	8h	120.98	+0.130%	$25.3M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.72	−0.083%	$425K	$668K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.81	−0.010%	$12.9M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.81	−0.010%	$8.2M	$31.0M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.85	+0.021%	$905K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.76	−0.052%	$20K	$109K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.84	+0.014%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0018%	8h	120.65	−0.140%	$2.1M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0022%	8h	120.83	+0.006%	$18.0M	$67.6M	25x	as long as short
Aftermath Perps INTCUSD	+0.0030%	1h	120.56	−0.215%	$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	120.81	−0.010%	$671K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.428%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.69	−0.110%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.75	−0.060%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.83	+0.006%	$1.3M	$10.1M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.82	−0.002%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.80	−0.019%	$1.2M	$2.5M	10x	as long as short
Extended INTC_24_5-USD	+0.0064%	1h	120.80	−0.020%	$334K	$965K	10x	as long as short
Binance INTCUSDTlong	+0.0068%	8h	120.82	long leg	$69.3M	$398.1M	25x
Polymarket Perps INTC-USD	+0.0068%	1h	120.85	+0.023%	$216K	$520K	10x	as long as short
Paradex INTC-USD-PERP	+0.0080%	8h	120.82	+0.002%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.83	+0.007%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.95	+0.105%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.80	−0.019%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0111%	8h	120.75	−0.060%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0112%	1h	120.81	−0.009%	$1.4M	$1.9M	10x	as long as short
Nado INTC-PERP	+0.0127%	1h	120.79	−0.029%	$156K	$294K	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0128%	1h	120.15	−0.557%	$240K	$836K	10x
BloFin INTC-USDT	+0.0188%	8h	120.81	−0.010%	$893K	$310K	25x	as long as short
tradeXYZ xyz:INTC	+0.0197%	1h	120.79	−0.027%	$144.3M	$62.4M	10x	as long as short
Phoenix INTC	+0.0199%	1h	120.60	−0.184%	$46K	$239K	10x	as long as short
RISEx INTC/USDC	+0.0239%	1h	120.88	+0.045%	$317K	$320K	10x	as long as short
edgeX INTCUSDC	+0.0725%	4h	120.75	−0.058%	$86K	$295K	10x	as long as short