Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h +0.020%

Price spread now: OKX against QFEX+0.083%7-day average +0.032% · 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−$21as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on QFEX Short on OKX

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−0.064%−$6 · spread now +0.083%, 7d avg +0.032%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.051% dearer against QFEX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.032%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX INTC-USD	120.22	0.0052	pay 0.0006% / 1h	29m 28s	$1.4M	$10.8M	10x
Short	OKX INTC-USDT-SWAP	120.32	0.0035	get 0.0035% / 8h	2h 29m	$18.0M	$67.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$3.44
Price spread: +0.083% → +0.032%: $5.08
Slippage, 4 orders: −$6.5
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.86
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; OKX: live order book, 4 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, 10 min ago	2.08 bp	7.1 bp −$7	7.7 bp −$77	13.6 bp −$1,357	doesn't fit
Sell OKX live order book, 4 min ago	0.83 bp	6.2 bp −$6	11.6 bp −$116	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	−0.0957%	8h	120.45	+0.191%	$25.0M	$32.0M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.32	+0.085%	$299K	$543K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.29	+0.058%	$12.8M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.31	+0.075%	$8.1M	$30.5M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.23	+0.005%	$900K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.30	+0.067%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.47	+0.208%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.20	−0.017%	$656K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.932%	$213	$22K	12x	as long as short
OKX INTC-USDT-SWAPshort	+0.0035%	8h	120.32	+0.083%	$18.0M	$67.0M	25x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0036%	1h	120.32	+0.085%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.28	+0.050%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.17	−0.042%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.25	+0.025%	$206K	$498K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.33	+0.088%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.19	−0.025%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USDlong	+0.0052%	1h	120.22	long leg	$1.4M	$10.8M	10x
Variational Omni INTC	+0.0055%	8h	120.21	−0.011%	$2.1M	$2.5M	—	as long as short
Nado INTC-PERP	+0.0078%	1h	120.26	+0.035%	$156K	$289K	10x	as long as short
Paradex INTC-USD-PERP	+0.0086%	8h	120.21	−0.004%	—	—	5x	as long as short
Extended INTC_24_5-USD	+0.0088%	1h	120.19	−0.025%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0089%	8h	120.28	+0.051%	$69.8M	$398.9M	25x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.19	−0.025%	$46K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.25	+0.025%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.34	+0.097%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0120%	8h	120.30	+0.067%	$1.1M	$107K	20x	as long as short
Lighter INTC	+0.0152%	1h	120.22	+0.002%	$1.4M	$2.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0184%	1h	120.21	−0.008%	$245K	$830K	10x	as long as short
edgeX INTCUSDC	+0.0190%	4h	120.21	−0.005%	$85K	$295K	10x	as long as short
tradeXYZ xyz:INTC	+0.0202%	1h	120.27	+0.042%	$143.9M	$65.3M	10x	as long as short
BloFin INTC-USDT	+0.0212%	8h	120.22	0.000%	$905K	$306K	25x	as long as short
RISEx INTC/USDC	+0.0215%	1h	120.28	+0.049%	$314K	$338K	10x	as long as short
Phoenix INTC	+0.0265%	1h	120.33	+0.091%	$46K	$240K	10x	as long as short