Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.005%

Price spread now: Bybit against QFEX+0.108%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−$27as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.108%, 7d avg +0.053%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.054% dearer against QFEX than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.053%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX INTC-USD	120.88	0.0056	pay 0.0007% / 1h	3m 56s	$1.2M	$9.8M	10x
Short	Bybit INTCUSDT	121.01	0	get 0.0000% / 8h	7h 03m	$13.0M	$28.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$11.83
Price spread: +0.108% → +0.053%: $5.43
Slippage, 4 orders: −$11.52
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.92
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bybit: 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 QFEX live order book, 5 min ago	1.65 bp	6.7 bp −$7	6.7 bp −$67	11.5 bp −$1,152	doesn't fit
Sell Bybit live order book, 5 min ago	0.41 bp	9.2 bp −$9	18.3 bp −$183	315.4 bp −$31.5K	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	120.91	+0.026%	$430K	$676K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	121.01	+0.108%	$13.0M	$28.4M	50x
Gate INTC_USDT	0.0000%	8h	121.02	+0.116%	$8.0M	$31.4M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	121.10	+0.182%	$25.2M	$30.7M	50x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.03	+0.124%	$1.7M	$49K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0006%	8h	121.03	+0.124%	$18.1M	$68.1M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.03	+0.124%	$666K	$2.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.89	+0.008%	$256K	$894K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.381%	$213	$16K	12x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	120.87	−0.009%	$2K	$55K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus INTC-USD	+0.0040%	1h	120.84	−0.033%	$88K	$289K	10x	as long as short
Variational Omni INTC	+0.0043%	8h	121.00	+0.095%	$1.8M	$2.7M	—	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.06	+0.149%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.87	−0.008%	$216K	$512K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.79	−0.074%	$1.2M	$2.6M	10x	as long as short
QFEX INTC-USDlong	+0.0056%	1h	120.88	long leg	$1.2M	$9.8M	10x
Nado INTC-PERP	+0.0087%	1h	120.82	−0.047%	$155K	$297K	10x	as long as short
Extended INTC_24_5-USD	+0.0088%	1h	120.96	+0.065%	$336K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0090%	8h	121.01	+0.111%	$69.4M	$399.3M	25x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.13	+0.207%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.95	+0.058%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.96	+0.069%	$49K	—	10x	as long as short
Paradex INTC-USD-PERP	+0.0118%	8h	120.88	+0.001%	—	—	5x	as long as short
Lighter INTC	+0.0152%	1h	121.07	+0.154%	$1.4M	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0161%	8h	120.92	+0.033%	$1.1M	$186K	20x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0164%	1h	120.96	+0.066%	$20K	$105K	10x	as long as short
BloFin INTC-USDT	+0.0207%	8h	121.04	+0.132%	$894K	$335K	25x	as long as short
edgeX INTCUSDC	+0.0240%	4h	121.01	+0.105%	$86K	$296K	10x	as long as short
tradeXYZ xyz:INTC	+0.0264%	1h	120.95	+0.058%	$145.7M	$56.9M	10x	as long as short
Phoenix INTC	+0.0264%	1h	121.03	+0.124%	$47K	$236K	10x	as long as short
SoDEX INTC-USD	+0.0274%	1h	121.04	+0.132%	$27K	$4K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0298%	8h	121.05	+0.140%	$907K	$1.4M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	121.00	+0.102%	$317K	$298K	10x	as long as short