Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.018%

Price spread now: QFEX against Bybit−0.065%7-day average −0.053% · 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−$34as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.036%−$4 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.065%, 7d avg −0.053%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INTCUSDT	123.15	0	get 0.0000% / 8h	4h 37m	$13.1M	$28.4M	50x
Short	QFEX INTC-USD	123.07	0.0060	get 0.0008% / 1h	37m 01s	$1.6M	$12.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $12.68
Price spread: −0.065% → −0.053%: −$1.15
Slippage, 4 orders: −$11.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.87
Costs to cover: 0.324%
Break-even: 18.5 days

Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 12 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 Bybit live order book, 2 min ago	1.22 bp	9.6 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell QFEX live order book, 12 min ago	1.63 bp	6.6 bp −$7	7.2 bp −$72	11.5 bp −$1,148	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
Nado INTC-PERP	−0.0066%	1h	123.00	−0.121%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.02	−0.104%	$306K	$524K	20x	as long as short
Bybit INTCUSDTlong	0.0000%	8h	123.15	long leg	$13.1M	$28.4M	50x
Gate INTC_USDT	0.0000%	8h	123.12	−0.024%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.18	+0.024%	$25.5M	$32.1M	50x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.16	+0.008%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.12	−0.024%	$660K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.470%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.05	−0.081%	$93K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0043%	1h	123.09	−0.052%	$2K	$52K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	123.06	−0.073%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.10	−0.044%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.00	−0.122%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0053%	8h	123.13	−0.016%	$18.7M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0058%	8h	123.14	−0.007%	$923K	$1.4M	10x	as long as short
QFEX INTC-USDshort	+0.0060%	1h	123.07	−0.065%	$1.6M	$12.3M	10x
Deribit INTC_USDC-PERPETUAL	+0.0075%	1h	123.05	−0.081%	$21K	$107K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.11	−0.032%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.06	−0.073%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0109%	8h	123.05	−0.082%	—	—	5x	as long as short
Polymarket Perps INTC-USD	+0.0118%	1h	123.10	−0.041%	$212K	$485K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.11	−0.035%	$50K	—	10x	as long as short
Variational Omni INTC	+0.0121%	8h	123.14	−0.006%	$2.2M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	−0.016%	$262K	$930K	10x	as long as short
Binance INTCUSDT	+0.0159%	8h	123.16	+0.012%	$72.8M	$399.9M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.12	−0.028%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0189%	8h	123.15	0.000%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0279%	8h	123.11	−0.032%	$928K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0302%	1h	123.11	−0.032%	$147.0M	$69.0M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.08	−0.057%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0352%	1h	123.16	+0.008%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.12	−0.021%	$347K	$383K	10x	as long as short
edgeX INTCUSDC	+0.0887%	4h	123.11	−0.031%	$87K	$293K	10x	as long as short