Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0219%/8h= +24.0% APRpaid last 24h +0.046%

Price spread now: KuCoin against QFEX−0.168%7-day average +0.053% · 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−$133as in the Price arb table

costs, in and out, $10k−$1101.105% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.144%+$14 on $10k

Price spread, last 7 days+0.247%+$25 · spread now −0.168%, 7d avg +0.053%

Together, before fees+0.391%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.222% cheaper against QFEX than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of +0.053%). If the spread goes back, that is −$22 on $10k: about 3.4 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX INTC-USD	124.63	0.0050	pay 0.0006% / 1h	46m 06s	$1.9M	$14.9M	10x
Short	KuCoin INTCUSDTM	124.42	0.0269	get 0.0269% / 8h	7h 46m	$1.3M	$57K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.168%Rate

Funding earned: $45.97
Price spread: −0.168% → +0.053%: −$22.19
Slippage, 4 orders: −$88.48
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$86.7
Costs to cover: 1.105%
Break-even: 20.2 days

Slippage from QFEX: live order book, 8 min ago; KuCoin: live order book, 9 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 QFEX live order book, 8 min ago	0.40 bp	7.8 bp −$8	7.8 bp −$78	13.0 bp −$1,301	doesn't fit
Sell KuCoin live order book, 9 min ago	7.24 bp	61.6 bp −$62	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
Aster INTCUSDT	0.0000%	8h	124.32	−0.246%	$319K	$517K	20x	as long as short
Gate INTC_USDT	0.0000%	8h	124.56	−0.056%	$8.7M	$30.4M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	124.53	−0.080%	$1.7M	$51K	10x	as long as short
Nado INTC-PERP	+0.0004%	1h	124.57	−0.052%	$171K	$241K	10x	as long as short
Bybit INTCUSDT	+0.0005%	8h	124.49	−0.112%	$13.4M	$28.5M	50x	as long as short
Coinbase International INTC-PERP-INTX	+0.0016%	1h	124.02	−0.489%	$263K	$1.1M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0030%	8h	124.48	−0.120%	$18.8M	$68.7M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	124.53	−0.080%	$619K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−2.640%	$213	$22K	12x	as long as short
Aftermath Perps INTCUSD	+0.0039%	1h	124.44	−0.151%	$2K	$53K	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	124.79	+0.128%	—	$1.5M	25x	as long as short
QFEX INTC-USDlong	+0.0050%	1h	124.63	long leg	$1.9M	$14.9M	10x
Ondo Perps INTC-USD.P	+0.0050%	1h	124.41	−0.177%	$1.3M	$2.2M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0071%	1h	124.50	−0.104%	$21K	$107K	10x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	124.53	−0.080%	$5K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0113%	8h	124.66	+0.024%	—	—	5x	as long as short
Variational Omni INTC	+0.0117%	8h	124.60	−0.028%	$2.2M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0128%	1h	124.56	−0.057%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0172%	8h	124.50	−0.104%	$72.8M	$404.0M	25x	as long as short
Extended INTC_24_5-USD	+0.0176%	1h	124.54	−0.069%	$357K	$1.3M	10x	as long as short
SoDEX INTC-USD	+0.0228%	1h	124.53	−0.084%	$28K	$4K	10x	as long as short
Phoenix INTC	+0.0258%	1h	124.56	−0.056%	$48K	$256K	10x	as long as short
ApeX Omni INTCUSDT	+0.0266%	1h	124.34	−0.233%	$46K	$258K	50x	as long as short
KuCoin INTCUSDTMshort	+0.0269%	8h	124.42	−0.168%	$1.3M	$57K	20x
Lighter INTC	+0.0280%	1h	124.58	−0.043%	$1.5M	$1.7M	10x	as long as short
BloFin INTC-USDT	+0.0286%	8h	124.76	+0.104%	$919K	$319K	25x	as long as short
Arcus INTC-USD	+0.0296%	1h	124.47	−0.128%	$96K	$307K	10x	as long as short
edgeX INTCUSDC	+0.0300%	4h	124.39	−0.196%	$88K	$290K	10x	as long as short
Bitget INTCUSDT	+0.0367%	8h	124.55	−0.064%	$25.8M	$33.4M	50x	as long as short
Polymarket Perps INTC-USD	+0.0382%	1h	124.56	−0.056%	$214K	$468K	10x	as long as short
RISEx INTC/USDC	+0.0427%	1h	124.62	−0.008%	$345K	$379K	10x	as long as short
tradeXYZ xyz:INTC	+0.0451%	1h	124.45	−0.144%	$148.5M	$74.4M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0651%	8h	124.41	−0.177%	$932K	$1.4M	10x	as long as short