Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.052%

Price spread now: QFEX against Binance+0.002%7-day average −0.057% · 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−$19as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.075%−$8 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.002%, 7d avg −0.057%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.058% dearer against Binance than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.057%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INTCUSDT	123.02	0.0162	pay 0.0162% / 8h	4h 14m	$72.6M	$399.9M	25x
Short	QFEX INTC-USD	123.02	0.0060	get 0.0008% / 1h	14m 01s	$1.6M	$12.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$21.29
Price spread: +0.002% → −0.057%: $5.84
Slippage, 4 orders: −$5.02
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$40.47
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from Binance: live order book, 15 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 Binance live order book, 15 min ago	0.41 bp	6.5 bp −$6	9.4 bp −$94	26.4 bp −$2,640	126.5 bp −$63.3K
Sell QFEX live order book, 5 min ago	1.22 bp	6.2 bp −$6	7.4 bp −$74	12.7 bp −$1,266	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	−0.0063%	1h	122.93	−0.068%	$172K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.03	+0.007%	$307K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.01	−0.006%	$13.1M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.00	−0.014%	$8.6M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.08	+0.051%	$25.4M	$32.0M	50x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.03	+0.010%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.00	−0.014%	$669K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.364%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.02	+0.002%	$93K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0042%	1h	123.02	+0.006%	$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	122.98	−0.031%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.02	0.000%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.98	−0.031%	$1.3M	$2.1M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	123.04	+0.018%	$18.8M	$67.5M	25x	as long as short
QFEX INTC-USDshort	+0.0060%	1h	123.02	+0.002%	$1.6M	$12.2M	10x
GRVT INTC_USDT_Perp	+0.0064%	8h	123.09	+0.060%	$922K	$1.4M	10x	as long as short
edgeX INTCUSDC	+0.0094%	4h	123.08	+0.047%	$87K	$294K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.13	+0.091%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.00	−0.014%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0109%	8h	123.00	−0.018%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.01	−0.006%	$50K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0126%	1h	123.02	+0.002%	$212K	$480K	10x	as long as short
Variational Omni INTC	+0.0127%	8h	123.05	+0.029%	$2.1M	$2.5M	—	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.00	−0.014%	$262K	$836K	10x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	122.99	−0.024%	$345K	$1.8M	10x	as long as short
Binance INTCUSDTlong	+0.0162%	8h	123.02	long leg	$72.6M	$399.9M	25x
KuCoin INTCUSDTM	+0.0191%	8h	123.03	+0.010%	$1.1M	$104K	20x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0238%	1h	122.94	−0.063%	$21K	$107K	10x	as long as short
BloFin INTC-USDT	+0.0282%	8h	123.01	−0.006%	$927K	$306K	25x	as long as short
Lighter INTC	+0.0304%	1h	123.01	−0.006%	$1.5M	$2.1M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.14	+0.099%	$47K	$265K	10x	as long as short
tradeXYZ xyz:INTC	+0.0334%	1h	122.98	−0.031%	$147.1M	$69.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.07	+0.039%	$347K	$368K	10x	as long as short