Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.027%

Price spread now: Coinbase International against BloFin−0.191%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.191%, 7d avg −0.112%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.080% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.112%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin INTC-USDT	120.16	0.0167	pay 0.0167% / 8h	7h 37m	$902K	$330K	25x
Short	Coinbase International INTC-PERP-INTX	119.93	0.0032	get 0.0004% / 1h	37m 16s	$239K	$791K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.191%Rate

Funding earned: −$28.35
Price spread: −0.191% → −0.112%: −$7.98
Slippage, 4 orders: −$15.44
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$73.77
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from BloFin: live order book, 40 min ago; Coinbase International: live order book, 46 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 BloFin live order book, 40 min ago	0.82 bp	11.1 bp −$11	13.0 bp −$130	26.2 bp −$2,620	doesn't fit
Sell Coinbase International live order book, 46 min ago	4.14 bp	9.3 bp −$9	12.5 bp −$125	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	−0.0015%	8h	120.29	+0.108%	$25.2M	$30.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.21	+0.041%	$427K	$674K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.19	+0.025%	$12.8M	$28.1M	50x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	120.19	+0.025%	$18.0M	$67.5M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	120.22	+0.050%	$7.9M	$30.8M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.15	−0.008%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.17	+0.008%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0009%	8h	120.05	−0.096%	$1.8M	$2.7M	—	as long as short
Lighter RH INTC	+0.0032%	1h	120.19	+0.025%	$676K	$2.7M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0032%	1h	119.93	−0.191%	$239K	$791K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.982%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	120.15	−0.008%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.12	−0.033%	$89K	$291K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.08	−0.067%	—	$1.5M	25x	as long as short
Binance INTCUSDT	+0.0047%	8h	120.18	+0.017%	$69.3M	$396.1M	25x	as long as short
Extended INTC_24_5-USD	+0.0048%	1h	120.16	−0.002%	$332K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.11	−0.042%	$215K	$513K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.14	−0.017%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.10	−0.050%	$1.2M	$2.4M	10x	as long as short
QFEX INTC-USD	+0.0056%	1h	120.19	+0.025%	$1.3M	$9.8M	10x	as long as short
Paradex INTC-USD-PERP	+0.0085%	8h	120.18	+0.016%	—	—	5x	as long as short
Lighter INTC	+0.0088%	1h	120.18	+0.017%	$1.4M	$1.8M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0088%	8h	120.03	−0.107%	$899K	$1.4M	10x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.16	+0.001%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	119.94	−0.183%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.13	−0.025%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0106%	1h	120.13	−0.025%	$156K	$294K	10x	as long as short
KuCoin INTCUSDTM	+0.0128%	8h	120.23	+0.058%	$1.1M	$150K	20x	as long as short
BloFin INTC-USDTlong	+0.0167%	8h	120.16	long leg	$902K	$330K	25x
edgeX INTCUSDC	+0.0247%	4h	120.04	−0.103%	$85K	$296K	10x	as long as short
Phoenix INTC	+0.0264%	1h	120.09	−0.058%	$46K	$236K	10x	as long as short
tradeXYZ xyz:INTC	+0.0282%	1h	120.21	+0.042%	$145.0M	$57.8M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.21	+0.042%	$315K	$314K	10x	as long as short