Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.047%

Price spread now: QFEX against KuCoin+0.017%7-day average −0.050% · 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−$160as in the Price arb table

costs, in and out, $10k−$1661.664% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.141%−$14 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.017%, 7d avg −0.050%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.067% dearer against KuCoin than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.050%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 4 days (−0.141% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INTCUSDTM	120.95	0.0112	pay 0.0112% / 8h	2h 10m	$1.1M	$106K	20x
Short	QFEX INTC-USD	120.97	0.0052	get 0.0006% / 1h	10m 03s	$1.4M	$10.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$12.67
Price spread: +0.017% → −0.050%: $6.69
Slippage, 4 orders: −$144.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$172.36
Costs to cover: 1.664%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; QFEX: 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, 5 min ago	9.12 bp	68.5 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.24 bp	6.2 bp −$6	6.9 bp −$69	13.2 bp −$1,318	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	−0.1006%	8h	121.17	+0.182%	$25.3M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.92	−0.023%	$300K	$543K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.02	+0.058%	$12.9M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.05	+0.083%	$8.1M	$30.9M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.50	−0.372%	$903K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.93	−0.017%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.01	+0.050%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.01	+0.050%	$652K	$2.8M	10x	as long as short
Aftermath Perps INTCUSD	+0.0033%	1h	120.73	−0.179%	$2K	$55K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.322%	$213	$22K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INTC	+0.0040%	8h	120.97	+0.020%	$2.1M	$2.5M	—	as long as short
Arcus INTC-USD	+0.0040%	1h	120.82	−0.107%	$91K	$307K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0045%	8h	121.02	+0.058%	$18.0M	$67.8M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.92	−0.025%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.98	+0.025%	$208K	$503K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.84	−0.091%	$1.2M	$2.4M	10x	as long as short
QFEX INTC-USDshort	+0.0052%	1h	120.97	+0.017%	$1.4M	$10.6M	10x
Nado INTC-PERP	+0.0075%	1h	120.90	−0.038%	$158K	$286K	10x	as long as short
Binance INTCUSDT	+0.0085%	8h	121.01	+0.049%	$70.1M	$397.5M	25x	as long as short
Paradex INTC-USD-PERP	+0.0086%	8h	120.95	+0.002%	—	—	5x	as long as short
Extended INTC_24_5-USD	+0.0088%	1h	120.99	+0.031%	$336K	$1.9M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.78	−0.141%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.99	+0.033%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	121.03	+0.062%	$49K	—	10x	as long as short
KuCoin INTCUSDTMlong	+0.0112%	8h	120.95	long leg	$1.1M	$106K	20x
SoDEX INTC-USD	+0.0125%	1h	121.04	+0.074%	$27K	$4K	10x	as long as short
Lighter INTC	+0.0136%	1h	121.02	+0.055%	$1.4M	$2.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0184%	1h	120.53	−0.347%	$244K	$841K	10x	as long as short
BloFin INTC-USDT	+0.0204%	8h	121.03	+0.066%	$890K	$309K	25x	as long as short
tradeXYZ xyz:INTC	+0.0208%	1h	120.98	+0.025%	$144.6M	$64.8M	10x	as long as short
RISEx INTC/USDC	+0.0215%	1h	121.00	+0.042%	$316K	$331K	10x	as long as short
Phoenix INTC	+0.0265%	1h	120.72	−0.190%	$46K	$240K	10x	as long as short
edgeX INTCUSDC	+0.0628%	4h	120.84	−0.094%	$86K	$294K	10x	as long as short