Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.071%

Price spread now: BloFin against Coinbase International−0.198%58s7-day average +0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.379% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.198%, 7d avg +0.104%

Together, before fees+0.285%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.302% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of +0.104%). If the spread goes back, that is −$30 on $10k: about 19 days of funding at the current rate (+$2 a day). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International INTC-PERP-INTX	121.39	0.0192	pay 0.0024% / 1h	17m 56s	$256K	$827K	10x
Short	BloFin INTC-USDT	121.15	0.0244	get 0.0244% / 8h	3h 17m	$909K	$305K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.198%Rate

Funding earned: $10.92
Price spread: −0.198% → +0.104%: −$30.17
Slippage, 4 orders: −$15.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$57.15
Costs to cover: 0.379%
Break-even: 43.6 days

Slippage from Coinbase International: live order book, 20 min ago; BloFin: live order book, 14 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 Coinbase International live order book, 20 min ago	5.36 bp	11.0 bp −$11	14.7 bp −$147	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	2.05 bp	8.5 bp −$8	12.7 bp −$127	33.1 bp −$3,308	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	−0.0360%	8h	121.29	−0.082%	$25.1M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0060%	1h	121.04	−0.286%	$169K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.30	−0.071%	$304K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.29	−0.082%	$12.8M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.08	−0.255%	$8.4M	$30.2M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.02	−0.305%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.20	−0.157%	$1.7M	$50K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0009%	8h	121.46	+0.058%	$910K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.13	−0.214%	$660K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.041%	$213	$22K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus INTC-USD	+0.0040%	1h	121.23	−0.132%	$92K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0044%	1h	121.26	−0.103%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.86	−0.437%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.08	−0.259%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.97	−0.346%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0052%	8h	121.25	−0.115%	$18.2M	$67.7M	25x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.10	−0.239%	$1.5M	$11.7M	10x	as long as short
Variational Omni INTC	+0.0085%	8h	121.45	+0.053%	$2.1M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0100%	8h	121.08	−0.257%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.46	+0.058%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.04	−0.288%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.09	−0.247%	$49K	—	10x	as long as short
edgeX INTCUSDC	+0.0113%	4h	121.46	+0.056%	$86K	$294K	10x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	121.17	−0.181%	$336K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0123%	8h	121.30	−0.078%	$71.4M	$399.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0154%	1h	121.10	−0.239%	$208K	$486K	10x	as long as short
KuCoin INTCUSDTM	+0.0159%	8h	121.21	−0.148%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0176%	1h	121.12	−0.226%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTXlong	+0.0192%	1h	121.39	long leg	$256K	$827K	10x
BloFin INTC-USDTshort	+0.0244%	8h	121.15	−0.198%	$909K	$305K	25x
tradeXYZ xyz:INTC	+0.0292%	1h	121.09	−0.247%	$145.0M	$66.8M	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.40	+0.008%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.11	−0.227%	$342K	$345K	10x	as long as short