Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.015%

Price spread now: Variational Omni against ApeX Omni−0.138%103s7-day average +0.010% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+0.124%+$12 · spread now −0.138%, 7d avg +0.010%

Together, before fees+0.026%+ Points / potential airdropVariational Omni: Active · farm board+$3 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 Variational Omni is 0.149% cheaper against ApeX Omni than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 103 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	ApeX Omni INTCUSDT	123.15	0.0100	pay 0.0013% / 1h	29m 42s	$45K	$259K	50x
Short	Variational Omni INTC	122.98	0.0042	get 0.0042% / 8h	1h 29m	$2.1M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.138%Rate

Funding earned: −$12.19
Price spread: −0.138% → +0.010%: −$14.87
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$37.06
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 52 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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 ApeX Omni live order book, 52 min ago	5.73 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.48 bp	doesn't fit	8.2 bp −$82	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	123.07	−0.065%	$307K	$505K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.15	0.000%	$18.5M	$69.2M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.09	−0.049%	$9.1M	$32.1M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.07	−0.065%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0010%	8h	122.96	−0.154%	$921K	$1.5M	10x	as long as short
Bybit INTCUSDT	+0.0027%	8h	123.14	−0.008%	$13.5M	$29.1M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.09	−0.049%	$602K	$3.0M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.470%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0042%	1h	122.97	−0.143%	$2K	$53K	10x	as long as short
Variational Omni INTCshort	+0.0042%	8h	122.98	−0.138%	$2.1M	$2.4M	—

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	123.15	0.000%	—	$1.5M	25x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.03	−0.097%	$1.3M	$2.2M	10x	as long as short
SoDEX INTC-USD	+0.0053%	1h	123.06	−0.072%	$27K	$4K	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.05	−0.081%	$1.9M	$15.1M	10x	as long as short
Nado INTC-PERP	+0.0061%	1h	122.95	−0.166%	$169K	$236K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.29	−0.698%	$271K	$1.2M	10x	as long as short
Extended INTC_24_5-USD	+0.0080%	1h	123.12	−0.027%	$339K	$1.1M	10x	as long as short
Binance INTCUSDT	+0.0085%	8h	123.14	−0.011%	$72.1M	$410.9M	25x	as long as short
Paradex INTC-USD-PERP	+0.0095%	8h	123.08	−0.056%	—	—	5x	as long as short
ApeX Omni INTCUSDTlong	+0.0100%	1h	123.15	long leg	$45K	$259K	50x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.06	−0.073%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	123.12	−0.026%	$50K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0107%	1h	123.08	−0.057%	$206K	$432K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0156%	1h	123.05	−0.081%	$21K	$180K	10x	as long as short
KuCoin INTCUSDTM	+0.0163%	8h	123.05	−0.081%	$1.2M	$59K	20x	as long as short
BloFin INTC-USDT	+0.0206%	8h	122.95	−0.162%	$900K	$321K	25x	as long as short
Bitget INTCUSDT	+0.0227%	8h	123.16	+0.008%	$25.5M	$34.3M	50x	as long as short
tradeXYZ xyz:INTC	+0.0230%	1h	123.09	−0.049%	$145.6M	$80.2M	10x	as long as short
RISEx INTC/USDC	+0.0257%	1h	123.15	−0.001%	$331K	$366K	10x	as long as short
Phoenix INTC	+0.0262%	1h	123.03	−0.097%	$47K	$256K	10x	as long as short
Lighter INTC	+0.0360%	1h	123.15	+0.003%	$1.5M	$1.9M	10x	as long as short
edgeX INTCUSDC	+0.0668%	4h	123.18	+0.028%	$87K	$288K	10x	as long as short
Arcus INTC-USD	+0.0693%	1h	123.12	−0.024%	$108K	$298K	10x	as long as short