Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.042%

Price spread now: Variational Omni against Lighter−0.126%7-day average −0.012% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.118%−$12 on $10k

Price spread, last 7 days+0.073%+$7 · spread now −0.126%, 7d avg −0.012%

Together, before fees−0.045%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.114% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter INTC	123.22	0.0336	pay 0.0042% / 1h	42m 59s	$1.5M	$2.0M	10x
Short	Variational Omni INTC	123.06	0.0122	get 0.0122% / 8h	4h 42m	$2.2M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. 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 LighterbpFee Variational OmnibpOrdersPrice spread, now −0.126%Rate

Funding earned: −$44.89
Price spread: −0.126% → −0.012%: −$11.38
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$56.27
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 9 min ago; Variational Omni: RFQ quote, 1 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 Lighter live order book, 9 min ago	1.18 bp	2.3 bp −$2	4.3 bp −$43	25.6 bp −$2,558	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.48 bp	doesn't fit	6.1 bp −$61	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	−0.0064%	1h	123.13	−0.073%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.11	−0.088%	$307K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.16	−0.046%	$13.1M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.15	−0.054%	$8.6M	$30.1M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.22	+0.002%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.11	−0.087%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.19	−0.022%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.18	−0.030%	$665K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.523%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.03	−0.152%	$93K	$307K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0042%	1h	123.06	−0.127%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.12	−0.079%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.17	−0.042%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.92	−0.241%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0052%	8h	123.16	−0.046%	$18.8M	$67.5M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0060%	8h	123.07	−0.117%	$922K	$1.4M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.18	−0.030%	$1.6M	$12.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.09	−0.103%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.13	−0.071%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0112%	8h	123.18	−0.028%	—	—	5x	as long as short
edgeX INTCUSDC	+0.0118%	4h	123.00	−0.175%	$87K	$294K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.17	−0.037%	$50K	—	10x	as long as short
Variational Omni INTCshort	+0.0122%	8h	123.06	−0.126%	$2.2M	$2.5M	—
Polymarket Perps INTC-USD	+0.0129%	1h	123.19	−0.022%	$212K	$485K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	−0.071%	$262K	$930K	10x	as long as short
Binance INTCUSDT	+0.0160%	8h	123.19	−0.022%	$72.8M	$399.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.16	−0.045%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0188%	8h	123.17	−0.038%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.21	−0.006%	$928K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0303%	1h	123.18	−0.030%	$147.1M	$69.0M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.06	−0.127%	$47K	$265K	10x	as long as short
Lighter INTClong	+0.0336%	1h	123.22	long leg	$1.5M	$2.0M	10x
RISEx INTC/USDC	+0.0415%	1h	123.25	+0.024%	$348K	$383K	10x	as long as short