Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.017%

Price spread now: Deribit against Variational Omni−0.052%7-day average −0.032% · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)+0.293%+$29 · spread now −0.052%, 7d avg −0.032%

Together, before fees+0.350%+ Points / potential airdropVariational Omni: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.020% cheaper against Variational Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.032%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni INTC	122.62	0.0125	pay 0.0125% / 8h	3h 55m	$2.1M	$2.5M	—
Short	Deribit INTC_USDC-PERPETUAL	122.56	0	get 0.0000% / 1h	55m 49s	$21K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$26.18
Price spread: −0.052% → −0.032%: −$2.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.2
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 62 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 Variational Omni RFQ quote, 3 min ago	2.48 bp	doesn't fit	9.7 bp −$97	doesn't fit	doesn't fit
Sell Deribit live order book, 62 min ago	5.69 bp	10.0 bp −$10	13.1 bp −$131	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	−0.0088%	1h	122.56	−0.049%	$171K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	122.71	+0.069%	$306K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	122.64	+0.013%	$13.0M	$28.4M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	122.64	+0.013%	$8.5M	$29.7M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	122.70	+0.062%	$25.3M	$32.0M	50x	as long as short
Deribit INTC_USDC-PERPETUALshort	0.0000%	1h	122.56	−0.052%	$21K	$107K	10x
Phemex INTCUSDT	0.0000%	8h	122.67	+0.038%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	122.67	+0.038%	$668K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.047%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	122.73	+0.087%	$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	+0.0044%	1h	122.73	+0.083%	$2K	$52K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.59	−0.027%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.67	+0.034%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.66	+0.030%	$1.3M	$2.1M	10x	as long as short
Polymarket Perps INTC-USD	+0.0053%	1h	122.63	+0.005%	$211K	$482K	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	122.62	−0.003%	$1.5M	$12.0M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0063%	8h	122.67	+0.038%	$18.7M	$67.2M	25x	as long as short
GRVT INTC_USDT_Perp	+0.0068%	8h	122.80	+0.145%	$920K	$1.4M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.74	+0.095%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.61	−0.011%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0112%	8h	122.59	−0.025%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0120%	1h	122.61	−0.010%	$49K	—	10x	as long as short
Variational Omni INTClong	+0.0125%	8h	122.62	long leg	$2.1M	$2.5M	—
Extended INTC_24_5-USD	+0.0160%	1h	122.62	−0.004%	$339K	$1.8M	10x	as long as short
Binance INTCUSDT	+0.0163%	8h	122.66	+0.033%	$72.3M	$399.6M	25x	as long as short
KuCoin INTCUSDTM	+0.0189%	8h	122.70	+0.062%	$1.1M	$104K	20x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	122.49	−0.109%	$261K	$831K	10x	as long as short
Lighter INTC	+0.0216%	1h	122.68	+0.047%	$1.5M	$2.0M	10x	as long as short
BloFin INTC-USDT	+0.0284%	8h	122.82	+0.160%	$928K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0287%	1h	122.64	+0.013%	$146.8M	$68.4M	10x	as long as short
Phoenix INTC	+0.0324%	1h	122.83	+0.168%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	122.67	+0.036%	$346K	$367K	10x	as long as short
edgeX INTCUSDC	+0.0908%	4h	122.76	+0.115%	$87K	$293K	10x	as long as short