Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0255%/8h= −28.0% APRpaid last 24h −0.006%

Price spread now: KuCoin against Deribit−0.065%7-day average +0.028% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1351.346% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.078%+$8 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.065%, 7d avg +0.028%

Together, before fees+0.145%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.093% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.028%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.078%, 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 5 days it paid 0.078% in total (about 6.1% 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	Deribit INTC_USDC-PERPETUAL	123.50	0.0479	pay 0.0060% / 1h	19m 45s	$21K	$178K	10x
Short	KuCoin INTCUSDTM	123.42	0.0224	get 0.0224% / 8h	19m 45s	$1.2M	$58K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$53.61
Price spread: −0.065% → +0.028%: −$9.26
Slippage, 4 orders: −$115.64
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$197.51
Costs to cover: 1.346%
Break-even: never at this rate

Slippage from Deribit: live order book, 59 min ago; KuCoin: 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 Deribit live order book, 59 min ago	0.41 bp	14.4 bp −$14	17.7 bp −$177	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.08 bp	59.5 bp −$59	doesn't fit	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	123.53	+0.024%	$308K	$507K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.56	+0.049%	$18.7M	$69.5M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.51	+0.008%	$9.0M	$32.3M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.50	0.000%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0004%	8h	123.52	+0.016%	$925K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0014%	8h	123.54	+0.032%	$13.4M	$29.0M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.53	+0.024%	$615K	$3.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.33	−0.138%	$263K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.749%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	123.42	−0.061%	$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
Nado INTC-PERP	+0.0044%	1h	123.40	−0.080%	$170K	$239K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.54	+0.032%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.50	+0.004%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.34	−0.130%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.54	+0.032%	$1.9M	$15.3M	10x	as long as short
Variational Omni INTC	+0.0058%	8h	123.50	−0.001%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0068%	1h	123.53	+0.024%	$213K	$454K	10x	as long as short
Paradex INTC-USD-PERP	+0.0093%	8h	123.51	+0.008%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.55	+0.040%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.49	−0.008%	$4K	$3K	10x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	123.52	+0.019%	$349K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.51	+0.008%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0112%	8h	123.54	+0.033%	$72.0M	$410.3M	25x	as long as short
KuCoin INTCUSDTMshort	+0.0224%	8h	123.42	−0.065%	$1.2M	$58K	20x
BloFin INTC-USDT	+0.0229%	8h	123.54	+0.032%	$916K	$311K	25x	as long as short
Bitget INTCUSDT	+0.0240%	8h	123.59	+0.073%	$25.4M	$34.2M	50x	as long as short
tradeXYZ xyz:INTC	+0.0240%	1h	123.51	+0.008%	$146.7M	$79.2M	10x	as long as short
Lighter INTC	+0.0304%	1h	123.53	+0.028%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.39	−0.089%	$47K	$256K	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.56	+0.051%	$342K	$378K	10x	as long as short
Deribit INTC_USDC-PERPETUALlong	+0.0479%	1h	123.50	long leg	$21K	$178K	10x
edgeX INTCUSDC	+0.0553%	4h	123.46	−0.032%	$88K	$288K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.51	+0.008%	$95K	$311K	10x	as long as short