Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.075%

Price spread now: Bitget against QFEX+0.032%7-day average +0.062% · 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−$35as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.082%+$8 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.032%, 7d avg +0.062%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.030% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.062%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.082%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX INTC-USD	123.12	0.0060	pay 0.0008% / 1h	26m 02s	$1.6M	$12.3M	10x
Short	Bitget INTCUSDT	123.16	0	get 0.0000% / 8h	4h 26m	$25.5M	$32.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$12.68
Price spread: +0.032% → +0.062%: −$3
Slippage, 4 orders: −$9.64
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.32
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Bitget: live order book, 3 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 QFEX live order book, 8 min ago	2.03 bp	7.0 bp −$7	7.6 bp −$76	11.4 bp −$1,144	doesn't fit
Sell Bitget live order book, 3 min ago	1.62 bp	8.6 bp −$9	11.7 bp −$117	32.0 bp −$3,203	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-PERP	−0.0069%	1h	123.06	−0.048%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.04	−0.062%	$307K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.11	−0.008%	$13.1M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.09	−0.024%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDTshort	0.0000%	8h	123.16	+0.032%	$25.5M	$32.1M	50x
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.02	−0.081%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.11	−0.008%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.10	−0.016%	$658K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.446%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.09	−0.024%	$93K	$307K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0043%	1h	123.11	−0.006%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.13	+0.008%	—	$1.5M	25x	as long as short
edgeX INTCUSDC	+0.0049%	4h	123.13	+0.005%	$87K	$294K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.11	−0.012%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.05	−0.057%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0051%	8h	123.11	−0.008%	$18.7M	$67.5M	25x	as long as short
QFEX INTC-USDlong	+0.0060%	1h	123.12	long leg	$1.6M	$12.3M	10x
GRVT INTC_USDT_Perp	+0.0066%	8h	123.16	+0.034%	$923K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.21	+0.073%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.09	−0.024%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0105%	8h	123.11	−0.008%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0113%	1h	123.14	+0.016%	$212K	$483K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.12	+0.001%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0121%	8h	123.09	−0.023%	$2.1M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	+0.008%	$262K	$859K	10x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.08	−0.029%	$340K	$1.8M	10x	as long as short
Binance INTCUSDT	+0.0160%	8h	123.11	−0.005%	$72.8M	$399.9M	25x	as long as short
KuCoin INTCUSDTM	+0.0189%	8h	123.13	+0.008%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0281%	8h	123.18	+0.049%	$929K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0312%	1h	123.11	−0.008%	$147.1M	$69.1M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.15	+0.024%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0328%	1h	123.15	+0.027%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.15	+0.025%	$348K	$377K	10x	as long as short