Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.004%

Price spread now: Variational Omni against Lighter RH−0.035%7-day average +0.020% · you buy dearer than you sell

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.035%, 7d avg +0.020%

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

Funding pays, the price is against you. Variational Omni is 0.055% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.020%). If the spread goes back, that is −$5 on $10k: about 8.7 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.002% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH INTC	121.10	0.0032	pay 0.0004% / 1h	0m 27s	$662K	$2.8M	10x
Short	Variational Omni INTC	121.06	0.0053	get 0.0053% / 8h	7h 00m	$1.8M	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter RH. 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 Lighter RHbpFee Variational OmnibpOrdersPrice spread, now −0.035%Rate

Funding earned: $4.44
Price spread: −0.035% → +0.020%: −$5.49
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.05
Costs to cover: 0.000%
Break-even: 8.7 days

Slippage unknown: Lighter RH: live order book, 3 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 Lighter RH live order book, 3 min ago	2.89 bp	3.4 bp −$3	9.2 bp −$92	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.48 bp	doesn't fit	8.0 bp −$80	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	121.07	−0.022%	$431K	$676K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.17	+0.058%	$13.0M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.21	+0.091%	$8.0M	$31.5M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	121.21	+0.091%	$25.2M	$30.7M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.10	0.000%	$20K	$105K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.07	−0.025%	$1.7M	$49K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0005%	8h	121.21	+0.091%	$18.1M	$68.0M	25x	as long as short
Lighter RH INTClong	+0.0032%	1h	121.10	long leg	$662K	$2.8M	10x
Coinbase International INTC-PERP-INTX	+0.0032%	1h	120.89	−0.173%	$256K	$894K	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.198%	$213	$16K	12x	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	+0.0039%	1h	120.95	−0.124%	$2K	$55K	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.07	−0.025%	$88K	$289K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.24	+0.116%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.12	+0.017%	$217K	$512K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.03	−0.058%	$1.2M	$2.6M	10x	as long as short
Variational Omni INTCshort	+0.0053%	8h	121.06	−0.035%	$1.8M	$2.7M	—
QFEX INTC-USD	+0.0056%	1h	121.07	−0.025%	$1.2M	$9.7M	10x	as long as short
Nado INTC-PERP	+0.0088%	1h	121.00	−0.080%	$156K	$297K	10x	as long as short
Extended INTC_24_5-USD	+0.0088%	1h	121.08	−0.020%	$336K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0093%	8h	121.15	+0.038%	$69.5M	$399.5M	25x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.06	−0.033%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.15	+0.041%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	121.11	+0.008%	$49K	—	10x	as long as short
Paradex INTC-USD-PERP	+0.0116%	8h	121.04	−0.050%	—	—	5x	as long as short
Lighter INTC	+0.0160%	1h	121.10	0.000%	$1.4M	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0160%	8h	121.08	−0.017%	$1.1M	$191K	20x	as long as short
BloFin INTC-USDT	+0.0211%	8h	121.06	−0.033%	$895K	$336K	25x	as long as short
SoDEX INTC-USD	+0.0246%	1h	121.11	+0.012%	$27K	$4K	10x	as long as short
tradeXYZ xyz:INTC	+0.0257%	1h	121.13	+0.025%	$146.0M	$57.0M	10x	as long as short
Phoenix INTC	+0.0264%	1h	121.07	−0.025%	$47K	$236K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0296%	8h	121.02	−0.066%	$907K	$1.4M	10x	as long as short
RISEx INTC/USDC	+0.0362%	1h	121.17	+0.056%	$318K	$295K	10x	as long as short
edgeX INTCUSDC	+0.0588%	4h	121.01	−0.074%	$86K	$297K	10x	as long as short