Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0109%/8h= −11.9% APRpaid last 24h −0.016%

Price spread now: ApeX Omni against KuCoin+0.122%52s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1401.402% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.122%, 7d avg −0.007%

Together, before fees−0.239%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.129% dearer against KuCoin than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.007%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. At the pace of the last 7 days (−0.009% in total) that is about 3 months. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INTCUSDTM	123.37	0.0209	pay 0.0209% / 8h	44m 37s	$1.2M	$57K	20x
Short	ApeX Omni INTCUSDT	123.52	0.0100	get 0.0013% / 1h	44m 37s	$46K	$258K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.122%Rate

Funding earned: −$22.89
Price spread: +0.122% → −0.007%: $12.88
Slippage, 4 orders: −$118.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$150.2
Costs to cover: 1.402%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; ApeX Omni: live order book, 32 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, 11 min ago	9.31 bp	54.4 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 32 min ago	6.50 bp	11.5 bp −$12	47.9 bp −$479	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	123.45	+0.063%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.41	+0.032%	$18.7M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.39	+0.016%	$9.1M	$32.2M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.40	+0.024%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0022%	8h	123.61	+0.195%	$926K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0023%	8h	123.43	+0.049%	$13.4M	$28.9M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.36	−0.008%	$598K	$3.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.29	−0.065%	$263K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.645%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0044%	1h	123.47	+0.084%	$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	123.53	+0.130%	—	$1.5M	25x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.51	+0.113%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.38	+0.008%	$1.9M	$15.2M	10x	as long as short
SoDEX INTC-USD	+0.0057%	1h	123.39	+0.012%	$28K	$4K	10x	as long as short
Variational Omni INTC	+0.0066%	8h	123.60	+0.186%	$2.2M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0098%	8h	123.37	−0.001%	—	—	5x	as long as short
ApeX Omni INTCUSDTshort	+0.0100%	1h	123.52	+0.122%	$46K	$258K	50x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.40	+0.024%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.42	+0.042%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0117%	8h	123.39	+0.019%	$72.1M	$409.8M	25x	as long as short
Nado INTC-PERP	+0.0118%	1h	123.38	+0.010%	$170K	$239K	10x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	123.36	−0.010%	$352K	$1.1M	10x	as long as short
Polymarket Perps INTC-USD	+0.0123%	1h	123.51	+0.113%	$213K	$450K	10x	as long as short
KuCoin INTCUSDTMlong	+0.0209%	8h	123.37	long leg	$1.2M	$57K	20x
BloFin INTC-USDT	+0.0237%	8h	123.39	+0.016%	$867K	$317K	25x	as long as short
Bitget INTCUSDT	+0.0247%	8h	123.39	+0.016%	$25.5M	$34.1M	50x	as long as short
tradeXYZ xyz:INTC	+0.0288%	1h	123.33	−0.032%	$146.3M	$79.3M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0318%	1h	123.36	−0.008%	$21K	$178K	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.57	+0.162%	$47K	$256K	10x	as long as short
Lighter INTC	+0.0416%	1h	123.41	+0.030%	$1.5M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.42	+0.043%	$342K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.38	+0.008%	$108K	$298K	10x	as long as short
edgeX INTCUSDC	+0.0785%	4h	123.60	+0.184%	$88K	$289K	10x	as long as short