Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h +0.018%

Price spread now: Bybit against QFEX−0.057%7-day average +0.054% · 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−$44as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on QFEX Short on Bybit

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+0.110%+$11 · spread now −0.057%, 7d avg +0.054%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.111% cheaper against QFEX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX INTC-USD	122.86	0.0057	pay 0.0007% / 1h	28m 16s	$1.6M	$12.6M	10x
Short	Bybit INTCUSDT	122.79	0	get 0.0000% / 8h	5h 28m	$13.2M	$28.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$12.03
Price spread: −0.057% → +0.054%: −$11.07
Slippage, 4 orders: −$12.18
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$56.28
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Bybit: live order book, just now.

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, 6 min ago	1.63 bp	6.6 bp −$7	7.8 bp −$78	12.4 bp −$1,244	doesn't fit
Sell Bybit live order book, just now	0.41 bp	11.6 bp −$12	16.8 bp −$168	346.5 bp −$34.6K	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	−0.0112%	1h	122.80	−0.045%	$172K	$286K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	122.88	+0.013%	$306K	$523K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	122.79	−0.057%	$13.2M	$28.3M	50x
Gate INTC_USDT	0.0000%	8h	122.88	+0.016%	$8.5M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	122.92	+0.049%	$25.4M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	122.74	−0.098%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	122.94	+0.065%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	122.86	0.000%	$651K	$2.8M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0032%	8h	123.11	+0.203%	$922K	$1.4M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.237%	$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
OKX INTC-USDT-SWAP	+0.0035%	8h	122.85	−0.008%	$18.6M	$67.4M	25x	as long as short
Arcus INTC-USD	+0.0040%	1h	122.93	+0.057%	$93K	$308K	10x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	122.88	+0.013%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.86	0.000%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.81	−0.037%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.85	−0.008%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USDlong	+0.0057%	1h	122.86	long leg	$1.6M	$12.6M	10x
ApeX Omni INTCUSDT	+0.0100%	1h	123.04	+0.147%	$45K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.81	−0.041%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0104%	8h	122.82	−0.031%	—	—	5x	as long as short
Variational Omni INTC	+0.0112%	8h	123.09	+0.187%	$2.2M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	122.90	+0.032%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	122.78	−0.069%	$341K	$1.8M	10x	as long as short
Polymarket Perps INTC-USD	+0.0152%	1h	122.89	+0.024%	$212K	$483K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0152%	1h	122.57	−0.236%	$258K	$924K	10x	as long as short
Binance INTCUSDT	+0.0152%	8h	122.88	+0.016%	$72.4M	$399.6M	25x	as long as short
KuCoin INTCUSDTM	+0.0175%	8h	122.92	+0.049%	$1.1M	$104K	20x	as long as short
Phoenix INTC	+0.0261%	1h	123.07	+0.171%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0264%	1h	122.89	+0.027%	$347K	$381K	10x	as long as short
BloFin INTC-USDT	+0.0272%	8h	123.01	+0.122%	$921K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0289%	1h	122.88	+0.016%	$146.8M	$68.4M	10x	as long as short
Lighter INTC	+0.0344%	1h	122.88	+0.020%	$1.5M	$2.0M	10x	as long as short
edgeX INTCUSDC	+0.0521%	4h	122.97	+0.088%	$87K	$292K	10x	as long as short