Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.040%

Price spread now: Variational Omni against Nado+0.119%7-day average +0.003% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 3 days (all we have)−0.394%−$39 · spread now +0.119%, 7d avg +0.003%

Together, before fees−0.489%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.117% dearer against Nado than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of +0.003%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 3 days (−0.096% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado INTC-PERP	123.51	0.0105	pay 0.0013% / 1h	47m 37s	$170K	$238K	10x
Short	Variational Omni INTC	123.66	0.0064	get 0.0064% / 8h	47m 37s	$2.2M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee Variational OmnibpOrdersPrice spread, now +0.119%Rate

Funding earned: −$8.66
Price spread: +0.119% → +0.003%: $11.67
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 30 min ago; Variational Omni: RFQ quote, 2 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 Nado live order book, 30 min ago	1.22 bp	11.4 bp −$11	34.0 bp −$340	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.47 bp	doesn't fit	9.5 bp −$95	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	123.54	+0.023%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.47	−0.034%	$18.7M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.48	−0.026%	$9.1M	$32.1M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.50	−0.010%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0021%	8h	123.67	+0.128%	$926K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0025%	8h	123.43	−0.066%	$13.4M	$28.9M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.42	−0.075%	$600K	$3.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.49	−0.018%	$264K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.759%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0043%	1h	123.50	−0.010%	$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	123.61	+0.079%	—	$1.5M	25x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.46	−0.042%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.44	−0.058%	$1.9M	$15.2M	10x	as long as short
Variational Omni INTCshort	+0.0064%	8h	123.66	+0.119%	$2.2M	$2.5M	—
Paradex INTC-USD-PERP	+0.0096%	8h	123.39	−0.097%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.73	+0.176%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.51	−0.002%	$4K	$3K	10x	as long as short
SoDEX INTC-USD	+0.0103%	1h	123.55	+0.027%	$28K	$4K	10x	as long as short
Nado INTC-PERPlong	+0.0105%	1h	123.51	long leg	$170K	$238K	10x
Extended INTC_24_5-USD	+0.0112%	1h	123.44	−0.059%	$352K	$1.1M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.53	+0.017%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0116%	8h	123.46	−0.039%	$72.2M	$409.7M	25x	as long as short
Polymarket Perps INTC-USD	+0.0127%	1h	123.63	+0.095%	$213K	$449K	10x	as long as short
KuCoin INTCUSDTM	+0.0205%	8h	123.35	−0.131%	$1.2M	$57K	20x	as long as short
BloFin INTC-USDT	+0.0236%	8h	123.58	+0.055%	$869K	$325K	25x	as long as short
Bitget INTCUSDT	+0.0245%	8h	123.46	−0.042%	$25.5M	$34.1M	50x	as long as short
tradeXYZ xyz:INTC	+0.0291%	1h	123.40	−0.091%	$146.4M	$79.3M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.40	−0.091%	$47K	$256K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0398%	1h	123.50	−0.010%	$21K	$178K	10x	as long as short
Lighter INTC	+0.0416%	1h	123.48	−0.028%	$1.5M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.51	+0.002%	$342K	$378K	10x	as long as short
edgeX INTCUSDC	+0.0489%	4h	123.64	+0.100%	$88K	$288K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.42	−0.075%	$108K	$298K	10x	as long as short