Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.047%

Price spread now: QFEX against BloFin+0.008%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.224%−$22 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.008%, 7d avg −0.040%

Together, before fees−0.508%−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.049% dearer against BloFin than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.040%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin INTC-USDT	119.98	0.0164	pay 0.0164% / 8h	7h 33m	$900K	$329K	25x
Short	QFEX INTC-USD	119.99	0.0056	get 0.0007% / 1h	33m 12s	$1.3M	$9.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$22.58
Price spread: +0.008% → −0.040%: $4.85
Slippage, 4 orders: −$10.01
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$49.74
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from BloFin: live order book, 44 min ago; QFEX: live order book, 6 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, 44 min ago	0.82 bp	11.1 bp −$11	13.0 bp −$130	26.2 bp −$2,620	doesn't fit
Sell QFEX live order book, 6 min ago	1.67 bp	6.7 bp −$7	7.3 bp −$73	12.9 bp −$1,288	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	120.13	+0.129%	$426K	$674K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.01	+0.025%	$12.8M	$28.2M	50x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	120.03	+0.042%	$17.9M	$67.6M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	120.01	+0.025%	$7.9M	$30.9M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	120.08	+0.083%	$25.2M	$30.4M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	119.92	−0.050%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.05	+0.058%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0008%	8h	120.12	+0.113%	$1.8M	$2.7M	—	as long as short
Lighter RH INTC	+0.0032%	1h	120.03	+0.042%	$673K	$2.7M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	119.84	−0.117%	$239K	$790K	10x	as long as short

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	+1.134%	$213	$16K	12x	as long as short
GRVT INTC_USDT_Perp	+0.0039%	8h	120.12	+0.117%	$900K	$1.4M	10x	as long as short
Extended INTC_24_5-USD	+0.0040%	1h	119.96	−0.016%	$332K	$1.9M	10x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	120.04	+0.051%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	119.94	−0.033%	$88K	$292K	10x	as long as short
Binance INTCUSDT	+0.0044%	8h	120.02	+0.033%	$69.4M	$396.6M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	119.92	−0.050%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	119.97	−0.008%	$215K	$513K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.04	+0.048%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	119.86	−0.100%	$1.2M	$2.5M	10x	as long as short
QFEX INTC-USDshort	+0.0056%	1h	119.99	+0.008%	$1.3M	$9.8M	10x
Paradex INTC-USD-PERP	+0.0083%	8h	119.95	−0.028%	—	—	5x	as long as short
Lighter INTC	+0.0088%	1h	120.03	+0.039%	$1.4M	$1.8M	10x	as long as short
Nado INTC-PERP	+0.0094%	1h	119.95	−0.028%	$155K	$300K	10x	as long as short
Aevo INTC-PERP	+0.0096%	1h	119.93	−0.043%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.09	+0.092%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.00	+0.017%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTM	+0.0122%	8h	120.08	+0.083%	$1.1M	$154K	20x	as long as short
edgeX INTCUSDC	+0.0161%	4h	120.14	+0.137%	$85K	$296K	10x	as long as short
BloFin INTC-USDTlong	+0.0164%	8h	119.98	long leg	$900K	$329K	25x
Phoenix INTC	+0.0264%	1h	120.09	+0.092%	$46K	$236K	10x	as long as short
tradeXYZ xyz:INTC	+0.0270%	1h	119.98	0.000%	$144.7M	$57.9M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.04	+0.050%	$315K	$312K	10x	as long as short