Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.003%

Price spread now: Coinbase International against KuCoin−0.057%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1241.244% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.057%, 7d avg −0.078%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.022% dearer against KuCoin than usual: you sell high and buy low (spread −0.057% now, against its 7-day average of −0.078%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INTCUSDTM	123.58	0.0228	pay 0.0228% / 8h	13m 09s	$1.2M	$58K	20x
Short	Coinbase International INTC-PERP-INTX	123.51	0.0032	get 0.0004% / 1h	13m 09s	$263K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$41.16
Price spread: −0.057% → −0.078%: $2.17
Slippage, 4 orders: −$102.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$163.36
Costs to cover: 1.244%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Coinbase International: live order book, 5 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 KuCoin live order book, 2 min ago	5.66 bp	41.2 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	5.66 bp	10.7 bp −$11	12.7 bp −$127	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
Aster INTCUSDT	0.0000%	8h	123.70	+0.097%	$309K	$508K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.68	+0.081%	$18.6M	$69.6M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.65	+0.057%	$9.1M	$32.4M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.68	+0.081%	$1.7M	$51K	10x	as long as short
Bybit INTCUSDT	+0.0009%	8h	123.65	+0.057%	$13.3M	$29.0M	50x	as long as short
GRVT INTC_USDT_Perp	+0.0014%	8h	123.75	+0.138%	$927K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.69	+0.089%	$618K	$3.1M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0032%	1h	123.51	−0.057%	$263K	$1.2M	10x
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.813%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	123.59	+0.005%	$2K	$53K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	123.72	+0.113%	—	$1.5M	25x	as long as short
Nado INTC-PERP	+0.0050%	1h	123.54	−0.030%	$170K	$239K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.66	+0.061%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.53	−0.040%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.62	+0.032%	$1.9M	$15.3M	10x	as long as short
Variational Omni INTC	+0.0068%	8h	123.78	+0.159%	$2.2M	$2.5M	—	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0074%	1h	123.62	+0.032%	$21K	$178K	10x	as long as short
Polymarket Perps INTC-USD	+0.0088%	1h	123.62	+0.032%	$213K	$458K	10x	as long as short
Paradex INTC-USD-PERP	+0.0093%	8h	123.60	+0.018%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.69	+0.089%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.65	+0.057%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.67	+0.075%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0118%	8h	123.70	+0.096%	$72.1M	$410.5M	25x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	123.63	+0.042%	$352K	$1.1M	10x	as long as short
KuCoin INTCUSDTMlong	+0.0228%	8h	123.58	long leg	$1.2M	$58K	20x
tradeXYZ xyz:INTC	+0.0235%	1h	123.68	+0.081%	$147.0M	$79.4M	10x	as long as short
BloFin INTC-USDT	+0.0238%	8h	123.66	+0.065%	$913K	$311K	25x	as long as short
edgeX INTCUSDC	+0.0238%	4h	123.73	+0.118%	$88K	$290K	10x	as long as short
Bitget INTCUSDT	+0.0240%	8h	123.72	+0.113%	$25.4M	$34.2M	50x	as long as short
Lighter INTC	+0.0304%	1h	123.72	+0.115%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.54	−0.032%	$47K	$256K	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.68	+0.082%	$342K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.59	+0.008%	$95K	$311K	10x	as long as short