INTW

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin−0.062%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$580as in the Funding arb table

Net, price: spread back to 7d avg − costs−$565as in the Price arb table

costs, in and out, $10k−$5595.591% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.062%, 7d avg −0.002%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.060% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INTWUSDTM	32.110	0.0100	pay 0.0100% / 8h	2h 11m	$59K	$112K	20x
Short	Bybit INTWUSDT	32.090	0	get 0.0000% / 8h	2h 11m	$732K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$21
Price spread: −0.062% → −0.002%: −$6
Slippage, 4 orders: −$536.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$586.07
Costs to cover: 5.591%
Break-even: never at this rate

Slippage from KuCoin: live order book, 38 min ago; Bybit: 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 KuCoin live order book, 38 min ago	17.08 bp	201.2 bp −$201	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.72 bp	71.8 bp −$72	186.2 bp −$1,862	doesn't fit	doesn't fit

INTW on 8 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 INTWUSDT	−0.2496%	8h	32.064	−0.143%	$274K	$1.6M	20x	as long as short
Binance INTWUSDT	0.0000%	8h	32.110	0.000%	$3.1M	$35.3M	25x	as long as short
Bybit INTWUSDTshort	0.0000%	8h	32.090	−0.062%	$732K	$1.2M	25x
OKX INTW-USDT-SWAP	0.0000%	8h	32.100	−0.031%	$306K	$2.5M	25x	as long as short
Gate INTW_USDT	0.0000%	8h	32.100	−0.031%	$490K	$2.1M	25x	as long as short
MEXC INTW_USDT	0.0000%	8h	32.080	−0.093%	$1.3M	$415K	50x	as long as short
HTX INTW-USDT	0.0000%	8h	32.100	−0.031%	$10K	$8K	10x	as long as short
KuCoin INTWUSDTMlong	+0.0100%	8h	32.110	long leg	$59K	$112K	20x