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: Deribit against KuCoin+0.057%7-day average −0.028% · 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−$126as in the Price arb table

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

Long on KuCoin Short on Deribit

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)−0.059%−$6 · spread now +0.057%, 7d avg −0.028%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.084% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.028%. Mind the row above: over the last 5 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.

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	KuCoin INTCUSDTM	123.43	0.0224	pay 0.0224% / 8h	20m 00s	$1.2M	$58K	20x
Short	Deribit INTC_USDC-PERPETUAL	123.50	0.0479	get 0.0060% / 1h	20m 00s	$21K	$178K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.057%Rate

Funding earned: $53.61
Price spread: +0.057% → −0.028%: $8.45
Slippage, 4 orders: −$115.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$72.59
Costs to cover: 1.346%
Break-even: 16.5 days

Slippage from KuCoin: live order book, 5 min ago; Deribit: live order book, 58 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, 5 min ago	6.08 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 58 min ago	0.41 bp	7.2 bp −$7	9.5 bp −$95	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	+0.081%	$308K	$507K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.52	+0.073%	$18.7M	$69.4M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.50	+0.057%	$9.0M	$32.3M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.50	+0.057%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0004%	8h	123.52	+0.073%	$925K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0012%	8h	123.49	+0.049%	$13.4M	$29.0M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.50	+0.057%	$615K	$3.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.33	−0.081%	$263K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.693%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	123.42	−0.005%	$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	−0.023%	$170K	$239K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.54	+0.089%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.50	+0.061%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.34	−0.073%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.54	+0.089%	$1.9M	$15.3M	10x	as long as short
Variational Omni INTC	+0.0058%	8h	123.50	+0.055%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0068%	1h	123.53	+0.081%	$213K	$454K	10x	as long as short
Paradex INTC-USD-PERP	+0.0092%	8h	123.52	+0.076%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.55	+0.097%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.49	+0.049%	$4K	$3K	10x	as long as short
Binance INTCUSDT	+0.0111%	8h	123.50	+0.059%	$72.0M	$410.3M	25x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	123.51	+0.062%	$349K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.51	+0.065%	$50K	—	10x	as long as short
KuCoin INTCUSDTMlong	+0.0224%	8h	123.43	long leg	$1.2M	$58K	20x
BloFin INTC-USDT	+0.0229%	8h	123.54	+0.089%	$916K	$311K	25x	as long as short
tradeXYZ xyz:INTC	+0.0239%	1h	123.49	+0.049%	$146.7M	$79.2M	10x	as long as short
Bitget INTCUSDT	+0.0239%	8h	123.52	+0.073%	$25.4M	$34.2M	50x	as long as short
Lighter INTC	+0.0296%	1h	123.53	+0.082%	$1.5M	$1.9M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.39	−0.032%	$47K	$256K	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.56	+0.105%	$342K	$378K	10x	as long as short
Deribit INTC_USDC-PERPETUALshort	+0.0479%	1h	123.50	+0.057%	$21K	$178K	10x
edgeX INTCUSDC	+0.0553%	4h	123.46	+0.025%	$88K	$288K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.46	+0.024%	$95K	$311K	10x	as long as short