Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.042%

Price spread now: Variational Omni against QFEX−0.014%47s7-day average +0.030% · you buy dearer than you sell

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.039%+$4 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.014%, 7d avg +0.030%

Together, before fees+0.065%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.045% cheaper against QFEX than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). The two prices were read 47 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	QFEX INTC-USD	123.08	0.0060	pay 0.0008% / 1h	43m 40s	$1.6M	$12.4M	10x
Short	Variational Omni INTC	123.06	0.0122	get 0.0122% / 8h	4h 43m	$2.2M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.014%Rate

Funding earned: $12.98
Price spread: −0.014% → +0.030%: −$4.49
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.5
Costs to cover: 0.100%
Break-even: 7.8 days

Slippage unknown: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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 QFEX live order book, 5 min ago	1.63 bp	6.6 bp −$7	6.6 bp −$66	12.2 bp −$1,219	doesn't fit
Sell Variational Omni RFQ quote, just now	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	−0.0062%	1h	123.02	−0.047%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.10	+0.015%	$307K	$524K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.19	+0.089%	$13.1M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.16	+0.065%	$8.6M	$30.1M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.23	+0.122%	$25.5M	$32.1M	50x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.05	−0.024%	$21K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.15	+0.057%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.21	+0.106%	$665K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.414%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.03	−0.041%	$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	+0.0043%	1h	123.04	−0.036%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.07	−0.008%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.10	+0.017%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.92	−0.130%	$1.3M	$2.2M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0053%	8h	123.21	+0.106%	$18.8M	$67.5M	25x	as long as short
QFEX INTC-USDlong	+0.0060%	1h	123.08	long leg	$1.6M	$12.4M	10x
GRVT INTC_USDT_Perp	+0.0062%	8h	123.05	−0.025%	$922K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.91	−0.138%	$48K	$261K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.08	0.000%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0112%	8h	123.18	+0.083%	—	—	5x	as long as short
edgeX INTCUSDC	+0.0118%	4h	123.00	−0.063%	$87K	$294K	10x	as long as short
Aevo INTC-PERP	+0.0120%	1h	123.12	+0.031%	$50K	—	10x	as long as short
Variational Omni INTCshort	+0.0122%	8h	123.06	−0.014%	$2.2M	$2.5M	—
Polymarket Perps INTC-USD	+0.0130%	1h	123.10	+0.016%	$212K	$485K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0144%	1h	123.13	+0.041%	$262K	$931K	10x	as long as short
Binance INTCUSDT	+0.0160%	8h	123.22	+0.114%	$72.9M	$399.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0160%	1h	123.19	+0.088%	$340K	$1.8M	10x	as long as short
KuCoin INTCUSDTM	+0.0188%	8h	123.17	+0.073%	$1.1M	$104K	20x	as long as short
BloFin INTC-USDT	+0.0280%	8h	123.06	−0.016%	$927K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0306%	1h	123.20	+0.097%	$147.1M	$69.0M	10x	as long as short
Phoenix INTC	+0.0324%	1h	123.06	−0.016%	$47K	$265K	10x	as long as short
Lighter INTC	+0.0352%	1h	123.26	+0.144%	$1.5M	$2.0M	10x	as long as short
RISEx INTC/USDC	+0.0415%	1h	123.25	+0.135%	$348K	$383K	10x	as long as short