Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.046%

Price spread now: QFEX against KuCoin0.000%7-day average −0.053% · 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−$113as in the Price arb table

costs, in and out, $10k−$1191.185% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.144%−$14 on $10k

Price spread, last 7 days−0.079%−$8 · spread now 0.000%, 7d avg −0.053%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.053% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.053%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INTCUSDTM	123.87	0.0272	pay 0.0272% / 8h	7h 04m	$1.2M	$54K	20x
Short	QFEX INTC-USD	123.87	0.0050	get 0.0006% / 1h	4m 21s	$1.7M	$13.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$46.6
Price spread: 0.000% → −0.053%: $5.34
Slippage, 4 orders: −$96.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$159.77
Costs to cover: 1.185%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; QFEX: 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 KuCoin live order book, 6 min ago	5.65 bp	48.5 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.21 bp	6.2 bp −$6	6.2 bp −$62	11.8 bp −$1,180	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	123.89	+0.014%	$319K	$516K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.87	0.000%	$13.4M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.86	−0.008%	$8.5M	$30.9M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.86	−0.008%	$1.7M	$50K	10x	as long as short
Nado INTC-PERP	+0.0011%	1h	123.78	−0.074%	$174K	$249K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	123.86	−0.008%	$264K	$1.0M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.88	+0.008%	$616K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.042%	$213	$22K	12x	as long as short
OKX INTC-USDT-SWAP	+0.0036%	8h	123.86	−0.008%	$18.7M	$67.8M	25x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	123.82	−0.042%	$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	123.92	+0.040%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.79	−0.065%	$28K	$4K	10x	as long as short
QFEX INTC-USDshort	+0.0050%	1h	123.87	0.000%	$1.7M	$13.6M	10x
Ondo Perps INTC-USD.P	+0.0050%	1h	123.64	−0.186%	$1.3M	$2.2M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0072%	8h	123.71	−0.130%	$927K	$1.4M	10x	as long as short
Paradex INTC-USD-PERP	+0.0095%	8h	123.84	−0.021%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.65	−0.178%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.83	−0.032%	$5K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0114%	1h	123.87	0.000%	$213K	$479K	10x	as long as short
Aevo INTC-PERP	+0.0128%	1h	123.84	−0.021%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0129%	8h	123.74	−0.107%	$2.2M	$2.5M	—	as long as short
Bitget INTCUSDT	+0.0157%	8h	123.93	+0.048%	$25.6M	$32.4M	50x	as long as short
Binance INTCUSDT	+0.0174%	8h	123.90	+0.024%	$72.5M	$401.1M	25x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	123.86	−0.007%	$353K	$1.8M	10x	as long as short
Phoenix INTC	+0.0258%	1h	123.77	−0.081%	$48K	$256K	10x	as long as short
KuCoin INTCUSDTMlong	+0.0272%	8h	123.87	long leg	$1.2M	$54K	20x
tradeXYZ xyz:INTC	+0.0280%	1h	123.85	−0.016%	$147.8M	$69.7M	10x	as long as short
BloFin INTC-USDT	+0.0293%	8h	123.89	+0.016%	$920K	$310K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	123.76	−0.089%	$95K	$306K	10x	as long as short
Lighter INTC	+0.0312%	1h	123.93	+0.046%	$1.5M	$1.8M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0316%	1h	123.79	−0.065%	$21K	$107K	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	123.89	+0.016%	$343K	$379K	10x	as long as short
edgeX INTCUSDC	+0.0943%	4h	123.79	−0.063%	$88K	$290K	10x	as long as short