Funding arb · Price arb /

INTC

RWAall INTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.017%

Price spread now: GRVT against QFEX−0.024%57s7-day average +0.050% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.300% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.024%, 7d avg +0.050%

Together, before fees+0.099%+ Points / potential airdropGRVT: Active · farm board+$10 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 GRVT is 0.074% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.050%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX INTC-USD	122.78	0.0055	pay 0.0007% / 1h	22m 18s	$1.7M	$13.2M	10x
Short	GRVT INTC_USDT_Perp	122.75	0	get 0.0000% / 8h	6h 22m	$920K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$11.52
Price spread: −0.024% → +0.050%: −$7.43
Slippage, 4 orders: −$10.96
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$48.92
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; GRVT: live order book, 1 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, 7 min ago	1.22 bp	6.2 bp −$6	8.0 bp −$80	15.6 bp −$1,564	doesn't fit
Sell GRVT live order book, 1 min ago	1.63 bp	6.7 bp −$7	16.7 bp −$167	doesn't fit	doesn't fit

INTC on 32 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	122.94	+0.129%	$306K	$528K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.77	−0.008%	$13.3M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	122.86	+0.065%	$8.5M	$30.3M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	122.86	+0.065%	$25.4M	$32.3M	50x	as long as short
GRVT INTC_USDT_Perpshort	0.0000%	8h	122.75	−0.024%	$920K	$1.4M	10x
Phemex INTCUSDT	0.0000%	8h	122.77	−0.008%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0014%	8h	122.76	−0.016%	$18.5M	$67.2M	25x	as long as short
Nado INTC-PERP	+0.0015%	1h	122.76	−0.015%	$172K	$281K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	122.75	−0.024%	$618K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.173%	$213	$22K	12x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0039%	1h	122.67	−0.086%	$2K	$52K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	122.70	−0.065%	$93K	$308K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.73	−0.041%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.76	−0.016%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.73	−0.041%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USDlong	+0.0055%	1h	122.78	long leg	$1.7M	$13.2M	10x
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.64	−0.114%	$259K	$1.0M	10x	as long as short
Polymarket Perps INTC-USD	+0.0081%	1h	122.83	+0.041%	$211K	$477K	10x	as long as short
Variational Omni INTC	+0.0093%	8h	122.80	+0.020%	$2.1M	$2.5M	—	as long as short
Paradex INTC-USD-PERP	+0.0099%	8h	122.76	−0.013%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.78	0.000%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.81	+0.024%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	122.81	+0.025%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0144%	1h	122.79	+0.006%	$340K	$1.8M	10x	as long as short
Binance INTCUSDT	+0.0145%	8h	122.80	+0.015%	$72.2M	$401.9M	25x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0158%	1h	122.75	−0.024%	$21K	$107K	10x	as long as short
edgeX INTCUSDC	+0.0181%	4h	122.61	−0.137%	$87K	$290K	10x	as long as short
Phoenix INTC	+0.0194%	1h	122.58	−0.163%	$47K	$245K	10x	as long as short
tradeXYZ xyz:INTC	+0.0250%	1h	122.85	+0.057%	$146.6M	$69.5M	10x	as long as short
KuCoin INTCUSDTM	+0.0255%	8h	122.84	+0.049%	$1.2M	$55K	20x	as long as short
Lighter INTC	+0.0336%	1h	122.79	+0.011%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0423%	1h	122.84	+0.047%	$347K	$384K	10x	as long as short