Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.015%

Price spread now: QFEX against GRVT−0.020%7-day average −0.050% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days−0.070%−$7 · spread now −0.020%, 7d avg −0.050%

Together, before fees−0.084%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.030% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT INTC_USDT_Perp	120.43	0	get 0.0000% / 8h	7h 45m	$902K	$1.4M	10x
Short	QFEX INTC-USD	120.41	0.0056	get 0.0007% / 1h	45m 16s	$1.3M	$9.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against GRVT. 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 GRVTbpFee QFEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $11.83
Price spread: −0.020% → −0.050%: $3
Slippage, 4 orders: −$11.03
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$15.2
Costs to cover: 0.300%
Break-even: 16.0 days

Slippage from GRVT: live order book, 3 min ago; QFEX: live order book, 4 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 GRVT live order book, 3 min ago	1.25 bp	9.3 bp −$9	19.9 bp −$199	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.25 bp	6.2 bp −$6	7.6 bp −$76	13.2 bp −$1,317	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	−0.0085%	8h	120.56	+0.105%	$25.3M	$30.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.43	−0.003%	$427K	$674K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.45	+0.013%	$12.8M	$28.1M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.47	+0.030%	$8.1M	$30.6M	75x	as long as short
GRVT INTC_USDT_Perplong	0.0000%	8h	120.43	long leg	$902K	$1.4M	10x
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.40	−0.028%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.47	+0.030%	$1.7M	$50K	10x	as long as short
Variational Omni INTC	+0.0003%	8h	120.21	−0.190%	$1.8M	$2.7M	—	as long as short
OKX INTC-USDT-SWAP	+0.0011%	8h	120.44	+0.005%	$18.1M	$67.5M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	120.48	+0.038%	$678K	$2.7M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.20	−0.194%	$240K	$792K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.752%	$213	$16K	12x	as long as short
Binance INTCUSDT	+0.0038%	8h	120.44	+0.008%	$69.3M	$396.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0040%	1h	120.41	−0.017%	$332K	$1.9M	10x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	120.41	−0.024%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.38	−0.045%	$89K	$291K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.31	−0.103%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.36	−0.061%	$215K	$513K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.38	−0.041%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.26	−0.144%	$1.2M	$2.5M	10x	as long as short
QFEX INTC-USDshort	+0.0056%	1h	120.41	−0.020%	$1.3M	$9.8M	10x
Paradex INTC-USD-PERP	+0.0085%	8h	120.36	−0.065%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0088%	1h	120.43	−0.001%	$49K	—	10x	as long as short
Lighter INTC	+0.0088%	1h	120.48	+0.041%	$1.4M	$1.8M	10x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.40	−0.028%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0123%	1h	120.43	−0.003%	$156K	$295K	10x	as long as short
KuCoin INTCUSDTM	+0.0128%	8h	120.47	+0.030%	$1.1M	$140K	20x	as long as short
BloFin INTC-USDT	+0.0154%	8h	120.49	+0.047%	$906K	$330K	25x	as long as short
ApeX Omni INTCUSDT	+0.0186%	1h	120.17	−0.219%	$46K	$258K	50x	as long as short
Phoenix INTC	+0.0264%	1h	120.04	−0.327%	$46K	$236K	10x	as long as short
tradeXYZ xyz:INTC	+0.0311%	1h	120.45	+0.013%	$145.3M	$58.7M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	120.39	−0.040%	$316K	$314K	10x	as long as short
edgeX INTCUSDC	+0.0392%	4h	120.30	−0.113%	$85K	$296K	10x	as long as short