Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0252%/8h= −27.5% APRpaid last 24h +0.007%

Price spread now: Nado against KuCoin−0.121%7-day average −0.001% · 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−$177as in the Price arb table

costs, in and out, $10k−$1661.655% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.423%+$42 · spread now −0.121%, 7d avg −0.001%

Together, before fees+0.440%+ Points / potential airdropNado: Active · farm board+$44 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 Nado is 0.119% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.016% in total (about 1.8% 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	123.16	0.0188	pay 0.0188% / 8h	4h 39m	$1.1M	$104K	20x
Short	Nado INTC-PERP	123.01	−0.0064	pay 0.0008% / 1h	39m 20s	$172K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.121%Rate

Funding earned: −$52.83
Price spread: −0.121% → −0.001%: −$11.93
Slippage, 4 orders: −$146.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$230.28
Costs to cover: 1.655%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Nado: live order book, 18 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, 6 min ago	8.12 bp	62.9 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 18 min ago	2.03 bp	8.3 bp −$8	21.5 bp −$215	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
Nado INTC-PERPshort	−0.0064%	1h	123.01	−0.121%	$172K	$283K	10x
Aster INTCUSDT	0.0000%	8h	123.02	−0.116%	$306K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.13	−0.024%	$13.1M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.09	−0.057%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.16	0.000%	$25.5M	$32.1M	50x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.10	−0.049%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.11	−0.041%	$663K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.478%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.08	−0.065%	$93K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0042%	1h	123.11	−0.040%	$2K	$52K	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	123.11	−0.041%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.12	−0.032%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.00	−0.130%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0054%	8h	123.08	−0.065%	$18.7M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0058%	8h	123.14	−0.015%	$923K	$1.4M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.10	−0.049%	$1.6M	$12.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.23	+0.057%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.09	−0.057%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0111%	8h	123.08	−0.068%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.15	−0.007%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0121%	8h	123.14	−0.014%	$2.2M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0124%	1h	123.12	−0.032%	$212K	$485K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	−0.024%	$262K	$930K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0156%	1h	123.09	−0.057%	$21K	$107K	10x	as long as short
Binance INTCUSDT	+0.0160%	8h	123.13	−0.024%	$72.8M	$399.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.08	−0.063%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTMlong	+0.0188%	8h	123.16	long leg	$1.1M	$104K	20x
BloFin INTC-USDT	+0.0279%	8h	123.16	0.000%	$925K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0302%	1h	123.11	−0.041%	$147.0M	$69.0M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.18	+0.016%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0352%	1h	123.14	−0.014%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.13	−0.025%	$347K	$383K	10x	as long as short
edgeX INTCUSDC	+0.0597%	4h	123.17	+0.006%	$87K	$292K	10x	as long as short