Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.044%

Price spread now: Ondo Perps against Variational Omni−0.375%7-day average −0.066% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.085%+$9 on $10k

Price spread, last 7 days+0.566%+$57 · spread now −0.375%, 7d avg −0.066%

Together, before fees+0.651%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.309% cheaper against Variational Omni than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.066%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.085%, 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	121.11	0.0078	pay 0.0078% / 8h	3h 02m	$2.1M	$2.5M	—
Short	Ondo Perps INTC-USD.P	120.66	0.0050	get 0.0006% / 1h	2m 39s	$1.2M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.375%Rate

Funding earned: −$5.75
Price spread: −0.375% → −0.066%: −$30.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$41.65
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Ondo Perps: no order-book sample. 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, 1 min ago	3.14 bp	doesn't fit	9.4 bp −$94	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0623%	8h	120.87	−0.201%	$25.0M	$31.7M	50x	as long as short
Nado INTC-PERP	−0.0029%	1h	120.88	−0.192%	$165K	$285K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	120.82	−0.245%	$303K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.75	−0.300%	$12.7M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.76	−0.292%	$8.4M	$30.4M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.72	−0.325%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.80	−0.259%	$1.7M	$50K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0007%	8h	121.07	−0.037%	$907K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.77	−0.284%	$658K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.187%	$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
Arcus INTC-USD	+0.0040%	1h	120.89	−0.185%	$91K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0044%	1h	120.94	−0.140%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.78	−0.276%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.80	−0.259%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.Pshort	+0.0050%	1h	120.66	−0.375%	$1.2M	$2.3M	10x
QFEX INTC-USD	+0.0054%	1h	120.76	−0.292%	$1.4M	$11.4M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	120.75	−0.300%	$18.2M	$67.4M	25x	as long as short
Variational Omni INTClong	+0.0078%	8h	121.11	long leg	$2.1M	$2.5M	—
ApeX Omni INTCUSDT	+0.0100%	1h	120.90	−0.177%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.76	−0.292%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0106%	8h	120.76	−0.294%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0112%	1h	120.78	−0.276%	$49K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	120.72	−0.321%	$334K	$1.9M	10x	as long as short
Binance INTCUSDT	+0.0120%	8h	120.75	−0.301%	$70.9M	$398.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0141%	1h	120.77	−0.284%	$208K	$491K	10x	as long as short
KuCoin INTCUSDTM	+0.0149%	8h	120.82	−0.243%	$1.1M	$106K	20x	as long as short
Lighter INTC	+0.0184%	1h	120.80	−0.262%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	120.71	−0.333%	$255K	$821K	10x	as long as short
BloFin INTC-USDT	+0.0242%	8h	120.89	−0.185%	$905K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0284%	1h	120.77	−0.284%	$144.7M	$66.2M	10x	as long as short
Phoenix INTC	+0.0326%	1h	120.92	−0.160%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	120.79	−0.269%	$327K	$354K	10x	as long as short
edgeX INTCUSDC	+0.0772%	4h	121.07	−0.039%	$86K	$294K	10x	as long as short