Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0097%/8h= +10.7% APRpaid last 24h +0.037%

Price spread now: Lighter against Variational Omni+0.187%7-day average +0.011% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.124%+$12 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.187%, 7d avg +0.011%

Together, before fees−0.024%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.176% dearer against Variational Omni than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni INTC	120.35	0.0039	pay 0.0039% / 8h	2h 14m	$2.1M	$2.5M	—
Short	Lighter INTC	120.58	0.0136	get 0.0017% / 1h	14m 46s	$1.4M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.187%Rate

Funding earned: $20.47
Price spread: +0.187% → +0.011%: $17.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $38.07
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: live order book, 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 Variational Omni RFQ quote, 4 min ago	2.48 bp	doesn't fit	11.3 bp −$113	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	1.25 bp	1.7 bp −$2	4.8 bp −$48	26.8 bp −$2,678	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
Bitget INTCUSDT	−0.1060%	8h	120.71	+0.299%	$25.2M	$32.3M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.58	+0.188%	$299K	$543K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.58	+0.191%	$12.9M	$28.8M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.55	+0.166%	$8.1M	$30.9M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.81	+0.380%	$905K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.40	+0.041%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.55	+0.166%	$1.7M	$50K	10x	as long as short
Aftermath Perps INTCUSD	+0.0032%	1h	120.41	+0.047%	$2K	$55K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.59	+0.199%	$650K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.822%	$213	$22K	12x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INTClong	+0.0039%	8h	120.35	long leg	$2.1M	$2.5M	—
OKX INTC-USDT-SWAP	+0.0040%	8h	120.64	+0.241%	$17.9M	$67.7M	25x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.48	+0.108%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.35	0.000%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.47	+0.100%	$207K	$502K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.53	+0.147%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.40	+0.041%	$1.2M	$2.4M	10x	as long as short
QFEX INTC-USD	+0.0052%	1h	120.44	+0.075%	$1.4M	$10.7M	10x	as long as short
Nado INTC-PERP	+0.0072%	1h	120.40	+0.038%	$157K	$287K	10x	as long as short
Binance INTCUSDT	+0.0078%	8h	120.57	+0.184%	$69.8M	$399.2M	25x	as long as short
Extended INTC_24_5-USD	+0.0080%	1h	120.51	+0.131%	$334K	$1.9M	10x	as long as short
Paradex INTC-USD-PERP	+0.0084%	8h	120.58	+0.191%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.41	+0.050%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.46	+0.091%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.45	+0.083%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0110%	8h	120.50	+0.125%	$1.1M	$106K	20x	as long as short
Lighter INTCshort	+0.0136%	1h	120.58	+0.187%	$1.4M	$2.0M	10x
Coinbase International INTC-PERP-INTX	+0.0184%	1h	120.53	+0.149%	$244K	$842K	10x	as long as short
BloFin INTC-USDT	+0.0199%	8h	120.58	+0.191%	$887K	$307K	25x	as long as short
tradeXYZ xyz:INTC	+0.0201%	1h	120.52	+0.141%	$144.0M	$64.8M	10x	as long as short
RISEx INTC/USDC	+0.0215%	1h	120.51	+0.129%	$315K	$338K	10x	as long as short
Phoenix INTC	+0.0265%	1h	120.44	+0.075%	$46K	$240K	10x	as long as short
edgeX INTCUSDC	+0.0853%	4h	120.65	+0.247%	$86K	$296K	10x	as long as short