Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.038%

Price spread now: Coinbase International against Gate−0.158%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.158%, 7d avg −0.070%

Together, before fees+0.392%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.087% cheaper against Gate than usual: you would sell low and buy high (spread −0.158% now, against its 7-day average of −0.070%). If the spread goes back, that is −$9 on $10k: about 2.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate INTC_USDT	120.34	0	get 0.0000% / 8h	1h 30m	$8.0M	$30.8M	75x
Short	Coinbase International INTC-PERP-INTX	120.15	0.0128	get 0.0016% / 1h	30m 04s	$240K	$837K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.158%Rate

Funding earned: $26.88
Price spread: −0.158% → −0.070%: −$8.74
Slippage, 4 orders: −$14.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.39
Costs to cover: 0.395%
Break-even: 12.6 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 63 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 Gate live order book, 4 min ago	0.83 bp	10.7 bp −$11	20.3 bp −$203	53.1 bp −$5,309	100.6 bp −$50.3K
Sell Coinbase International live order book, 63 min ago	3.74 bp	8.7 bp −$9	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	−0.1013%	8h	120.52	+0.150%	$25.2M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.40	+0.049%	$424K	$668K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.34	0.000%	$12.8M	$28.5M	50x	as long as short
Gate INTC_USDTlong	0.0000%	8h	120.34	long leg	$8.0M	$30.8M	75x
GRVT INTC_USDT_Perp	0.0000%	8h	120.26	−0.068%	$901K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.22	−0.100%	$20K	$108K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.33	−0.008%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0021%	8h	120.37	+0.025%	$18.0M	$67.3M	25x	as long as short
Variational Omni INTC	+0.0022%	8h	120.18	−0.130%	$2.1M	$2.5M	—	as long as short
Aftermath Perps INTCUSD	+0.0031%	1h	120.17	−0.142%	$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	120.31	−0.025%	$669K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.831%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.13	−0.175%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.03	−0.258%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.19	−0.125%	$1.3M	$10.1M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.21	−0.106%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.08	−0.216%	$1.2M	$2.4M	10x	as long as short
Polymarket Perps INTC-USD	+0.0060%	1h	120.23	−0.091%	$215K	$520K	10x	as long as short
Binance INTCUSDT	+0.0061%	8h	120.37	+0.025%	$69.3M	$397.6M	25x	as long as short
Extended INTC_24_5-USD	+0.0064%	1h	120.26	−0.065%	$332K	$961K	10x	as long as short
Paradex INTC-USD-PERP	+0.0082%	8h	120.19	−0.121%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.23	−0.089%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.30	−0.033%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.22	−0.100%	$4K	$3K	10x	as long as short
Lighter INTC	+0.0104%	1h	120.31	−0.026%	$1.4M	$1.9M	10x	as long as short
KuCoin INTCUSDTM	+0.0104%	8h	120.26	−0.066%	$1.1M	$105K	20x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0128%	1h	120.15	−0.158%	$240K	$837K	10x
Nado INTC-PERP	+0.0137%	1h	120.15	−0.159%	$157K	$287K	10x	as long as short
BloFin INTC-USDT	+0.0182%	8h	120.16	−0.150%	$894K	$308K	25x	as long as short
tradeXYZ xyz:INTC	+0.0196%	1h	120.32	−0.017%	$143.7M	$63.2M	10x	as long as short
Phoenix INTC	+0.0199%	1h	120.13	−0.175%	$46K	$239K	10x	as long as short
RISEx INTC/USDC	+0.0239%	1h	120.23	−0.089%	$315K	$320K	10x	as long as short
edgeX INTCUSDC	+0.0282%	4h	120.25	−0.078%	$85K	$296K	10x	as long as short