Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.016%

Price spread now: KuCoin against Deribit+0.081%53s7-day average +0.026% · 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—prices read too far apart to compare

costs, in and out, $10k−$1531.533% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.081%, 7d avg +0.026%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.055% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.026%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INTC_USDC-PERPETUAL	122.72	0	get 0.0000% / 1h	46m 21s	$21K	$107K	10x
Short	KuCoin INTCUSDTM	122.82	0.0182	get 0.0182% / 8h	5h 46m	$1.1M	$104K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.081%Rate

Funding earned: $38.22
Price spread: +0.081% → +0.026%: $5.51
Slippage, 4 orders: −$134.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$109.53
Costs to cover: 1.533%
Break-even: 27.1 days

Slippage from Deribit: live order book, 17 min ago; KuCoin: 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 Deribit live order book, 17 min ago	4.89 bp	8.4 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	7.73 bp	81.6 bp −$82	doesn't fit	doesn't fit	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	−0.0115%	1h	122.76	+0.031%	$172K	$285K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	122.85	+0.108%	$306K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.81	+0.073%	$13.3M	$28.2M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	122.80	+0.065%	$8.5M	$30.2M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	122.85	+0.106%	$25.4M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUALlong	0.0000%	1h	122.72	long leg	$21K	$107K	10x
Phemex INTCUSDT	0.0000%	8h	122.79	+0.057%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0026%	8h	122.78	+0.049%	$18.6M	$67.2M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	122.82	+0.081%	$648K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.125%	$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
Arcus INTC-USD	+0.0040%	1h	122.77	+0.041%	$93K	$308K	10x	as long as short
Aftermath Perps INTCUSD	+0.0040%	1h	122.76	+0.036%	$2K	$52K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0045%	8h	122.98	+0.213%	$922K	$1.4M	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.75	+0.024%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.75	+0.023%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.57	−0.122%	$1.3M	$2.1M	10x	as long as short
QFEX INTC-USD	+0.0057%	1h	122.82	+0.081%	$1.6M	$12.8M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.66	−0.049%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.77	+0.041%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0109%	8h	122.80	+0.068%	—	—	5x	as long as short
Variational Omni INTC	+0.0118%	8h	122.94	+0.180%	$2.1M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0120%	1h	122.82	+0.083%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	122.80	+0.066%	$341K	$1.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0152%	1h	122.57	−0.122%	$258K	$925K	10x	as long as short
Binance INTCUSDT	+0.0154%	8h	122.83	+0.090%	$72.4M	$400.1M	25x	as long as short
KuCoin INTCUSDTMshort	+0.0182%	8h	122.82	+0.081%	$1.1M	$104K	20x
Polymarket Perps INTC-USD	+0.0185%	1h	122.82	+0.081%	$211K	$481K	10x	as long as short
tradeXYZ xyz:INTC	+0.0251%	1h	122.81	+0.073%	$146.7M	$68.8M	10x	as long as short
Phoenix INTC	+0.0261%	1h	122.94	+0.179%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0264%	1h	122.85	+0.110%	$347K	$383K	10x	as long as short
BloFin INTC-USDT	+0.0274%	8h	122.79	+0.057%	—	$304K	25x	as long as short
Lighter INTC	+0.0360%	1h	122.87	+0.119%	$1.5M	$2.0M	10x	as long as short
edgeX INTCUSDC	+0.0677%	4h	122.82	+0.084%	$87K	$292K	10x	as long as short