Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.038%

Price spread now: Coinbase International against Phemex+0.339%7-day average −0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$1041.043% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.356%+$36 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now +0.339%, 7d avg −0.092%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.431% dearer against Phemex than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex INTCUSDT	120.98	0	get 0.0000% / 8h	3h 07m	$1.7M	$50K	10x
Short	Coinbase International INTC-PERP-INTX	121.39	0.0192	get 0.0024% / 1h	7m 13s	$256K	$826K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phemex. 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 PhemexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.339%Rate

Funding earned: $40.32
Price spread: +0.339% → −0.092%: $43.06
Slippage, 4 orders: −$82.34
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.96
Costs to cover: 1.043%
Break-even: 10.6 days

Slippage from Phemex: live order book, 1 min ago; Coinbase International: live order book, 31 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 Phemex live order book, 1 min ago	2.07 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 31 min ago	5.36 bp	10.4 bp −$10	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	−0.0552%	8h	121.04	+0.050%	$25.0M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0039%	1h	120.88	−0.085%	$165K	$285K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	120.97	−0.005%	$303K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.96	−0.017%	$12.8M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.94	−0.033%	$8.4M	$30.3M	75x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	120.98	long leg	$1.7M	$50K	10x
GRVT INTC_USDT_Perp	+0.0006%	8h	120.93	−0.038%	$906K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.93	−0.041%	$657K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.298%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.91	−0.058%	$91K	$307K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0043%	1h	120.96	−0.016%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.68	−0.248%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.86	−0.095%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.74	−0.198%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	120.92	−0.050%	$1.5M	$11.4M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	120.97	−0.008%	$18.2M	$67.5M	25x	as long as short
Variational Omni INTC	+0.0080%	8h	120.91	−0.056%	$2.1M	$2.5M	—	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0081%	1h	120.84	−0.116%	$20K	$107K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.81	−0.141%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.91	−0.058%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0104%	8h	120.91	−0.055%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	120.92	−0.049%	$49K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	120.92	−0.051%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0121%	8h	120.97	−0.012%	$71.1M	$398.6M	25x	as long as short
Polymarket Perps INTC-USD	+0.0144%	1h	120.96	−0.017%	$208K	$490K	10x	as long as short
KuCoin INTCUSDTM	+0.0150%	8h	121.01	+0.025%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0184%	1h	120.96	−0.019%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTXshort	+0.0192%	1h	121.39	+0.339%	$256K	$826K	10x
BloFin INTC-USDT	+0.0241%	8h	121.00	+0.017%	$908K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0285%	1h	120.91	−0.058%	$144.8M	$66.2M	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.04	+0.050%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	120.98	+0.002%	$328K	$354K	10x	as long as short
edgeX INTCUSDC	+0.0674%	4h	120.95	−0.024%	$86K	$294K	10x	as long as short