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 Phemex−0.016%7-day average −0.027% · 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−$99as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on Phemex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.016%, 7d avg −0.027%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, 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	Phemex INTCUSDT	123.13	0	get 0.0000% / 8h	4h 09m	$1.7M	$50K	10x
Short	QFEX INTC-USD	123.11	0.0060	get 0.0008% / 1h	9m 08s	$1.6M	$12.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Phemex. 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 PhemexbpFee QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $12.68
Price spread: −0.016% → −0.027%: $1.08
Slippage, 4 orders: −$77.98
Fee Phemex: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$86.22
Costs to cover: 1.000%
Break-even: 54.6 days

Slippage from Phemex: live order book, 4 min ago; QFEX: live order book, 5 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 Phemex live order book, 4 min ago	0.81 bp	47.3 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.63 bp	6.6 bp −$7	7.2 bp −$72	11.4 bp −$1,137	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	−0.0053%	1h	123.01	−0.094%	$172K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.14	+0.010%	$307K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.16	+0.024%	$13.1M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.09	−0.032%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.16	+0.024%	$25.5M	$32.0M	50x	as long as short
Phemex INTCUSDTlong	0.0000%	8h	123.13	long leg	$1.7M	$50K	10x
Lighter RH INTC	+0.0032%	1h	123.12	−0.008%	$669K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.454%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.04	−0.073%	$93K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0043%	1h	123.06	−0.053%	$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	123.05	−0.065%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.08	−0.037%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.90	−0.187%	$1.3M	$2.1M	10x	as long as short
QFEX INTC-USDshort	+0.0060%	1h	123.11	−0.016%	$1.6M	$12.2M	10x
OKX INTC-USDT-SWAP	+0.0065%	8h	123.14	+0.008%	$18.8M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0071%	8h	123.08	−0.041%	$922K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.18	+0.041%	$48K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.09	−0.032%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.10	−0.024%	$50K	—	10x	as long as short
Paradex INTC-USD-PERP	+0.0123%	8h	123.10	−0.022%	—	—	5x	as long as short
Variational Omni INTC	+0.0128%	8h	123.05	−0.063%	$2.1M	$2.5M	—	as long as short
Polymarket Perps INTC-USD	+0.0144%	1h	123.13	0.000%	$212K	$480K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.00	−0.106%	$262K	$836K	10x	as long as short
Binance INTCUSDT	+0.0167%	8h	123.13	0.000%	$72.5M	$399.7M	25x	as long as short
Extended INTC_24_5-USD	+0.0168%	1h	123.08	−0.044%	$345K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0195%	8h	123.13	0.000%	$1.1M	$104K	20x	as long as short
edgeX INTCUSDC	+0.0216%	4h	123.06	−0.058%	$87K	$293K	10x	as long as short
BloFin INTC-USDT	+0.0287%	8h	123.16	+0.024%	$928K	$306K	25x	as long as short
Lighter INTC	+0.0304%	1h	123.14	+0.005%	$1.5M	$2.1M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0319%	1h	123.06	−0.057%	$21K	$107K	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.13	0.000%	$47K	$265K	10x	as long as short
tradeXYZ xyz:INTC	+0.0346%	1h	123.13	0.000%	$147.3M	$68.3M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.15	+0.019%	$348K	$368K	10x	as long as short