Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.7% APRpaid last 24h +0.048%

Price spread now: KuCoin against QFEX−0.041%7-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−$205as in the Price arb table

costs, in and out, $10k−$1961.959% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.139%+$14 on $10k

Price spread, last 7 days+0.155%+$16 · spread now −0.041%, 7d avg +0.050%

Together, before fees+0.295%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.092% cheaper against QFEX than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.050%). If the spread goes back, that is −$9 on $10k: about 4.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX INTC-USD	121.17	0.0039	pay 0.0005% / 1h	36m 00s	$1.3M	$10.1M	10x
Short	KuCoin INTCUSDTM	121.12	0.0110	get 0.0110% / 8h	36m 00s	$1.1M	$106K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $14.83
Price spread: −0.041% → +0.050%: −$9.17
Slippage, 4 orders: −$173.86
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$190.2
Costs to cover: 1.959%
Break-even: 96.8 days

Slippage from QFEX: live order book, 8 min ago; KuCoin: live order book, 9 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	2.48 bp	7.5 bp −$7	8.1 bp −$81	11.9 bp −$1,187	doesn't fit
Sell KuCoin live order book, 9 min ago	10.32 bp	117.6 bp −$118	doesn't fit	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
Bitget INTCUSDT	−0.0470%	8h	121.30	+0.107%	$25.3M	$32.5M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.12	−0.041%	$426K	$669K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.15	−0.017%	$12.9M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.12	−0.041%	$8.2M	$31.1M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.17	−0.003%	$908K	$1.5M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.12	−0.041%	$1.7M	$49K	10x	as long as short
Variational Omni INTC	+0.0008%	8h	121.33	+0.133%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0012%	8h	121.16	−0.008%	$18.1M	$68.0M	25x	as long as short
Aftermath Perps INTCUSD	+0.0031%	1h	121.14	−0.022%	$2K	$55K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.10	−0.058%	$671K	$2.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.140%	$213	$22K	12x	as long as short
QFEX INTC-USDlong	+0.0039%	1h	121.17	long leg	$1.3M	$10.1M	10x
Arcus INTC-USD	+0.0040%	1h	121.13	−0.033%	$91K	$308K	10x	as long as short
Nado INTC-PERP	+0.0044%	1h	121.09	−0.063%	$157K	$294K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.16	−0.008%	—	$1.5M	25x	as long as short
Binance INTCUSDT	+0.0047%	8h	121.15	−0.017%	$69.5M	$399.1M	25x	as long as short
Extended INTC_24_5-USD	+0.0048%	1h	121.16	−0.011%	$334K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.16	−0.008%	$217K	$555K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.11	−0.045%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.10	−0.058%	$1.2M	$2.5M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.15	−0.842%	$240K	$817K	10x	as long as short
Paradex INTC-USD-PERP	+0.0073%	8h	121.15	−0.021%	—	—	5x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0080%	1h	121.11	−0.050%	$20K	$110K	10x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.16	−0.008%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.15	−0.017%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.15	−0.017%	$4K	$3K	10x	as long as short
KuCoin INTCUSDTMshort	+0.0110%	8h	121.12	−0.041%	$1.1M	$106K	20x
Lighter INTC	+0.0160%	1h	121.13	−0.037%	$1.4M	$1.8M	10x	as long as short
BloFin INTC-USDT	+0.0167%	8h	121.22	+0.041%	$896K	$309K	25x	as long as short
tradeXYZ xyz:INTC	+0.0186%	1h	121.12	−0.041%	$144.5M	$60.4M	10x	as long as short
Phoenix INTC	+0.0198%	1h	121.21	+0.033%	$47K	$236K	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.22	+0.038%	$318K	$328K	10x	as long as short
edgeX INTCUSDC	+0.0295%	4h	121.16	−0.007%	$86K	$295K	10x	as long as short