Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.041%

Price spread now: QFEX against Variational Omni−0.001%7-day average −0.030% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

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−0.007%−$1 · spread now −0.001%, 7d avg −0.030%

Together, before fees−0.047%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.030% dearer against Variational Omni than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni INTC	123.18	0.0118	pay 0.0118% / 8h	5h 04m	$2.2M	$2.5M	—
Short	QFEX INTC-USD	123.18	0.0057	get 0.0007% / 1h	4m 04s	$1.6M	$12.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$12.79
Price spread: −0.001% → −0.030%: $2.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$19.82
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; QFEX: live order book, 5 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, 5 min ago	2.47 bp	doesn't fit	14.1 bp −$141	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.62 bp	6.6 bp −$7	6.6 bp −$66	11.9 bp −$1,187	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	−0.0084%	1h	123.08	−0.081%	$172K	$283K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	123.11	−0.060%	$307K	$522K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	123.11	−0.058%	$13.2M	$28.3M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	123.14	−0.033%	$8.6M	$30.4M	75x	as long as short
Bitget INTCUSDT	0.0000%	8h	123.18	−0.001%	$25.5M	$32.1M	50x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.15	−0.025%	$1.7M	$50K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	123.13	−0.041%	$664K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.495%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	123.16	−0.017%	$93K	$307K	10x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	123.20	+0.012%	$2K	$52K	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	123.14	−0.033%	—	$1.5M	25x	as long as short
OKX INTC-USDT-SWAP	+0.0047%	8h	123.12	−0.050%	$18.7M	$67.4M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.14	−0.029%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.16	−0.017%	$1.3M	$2.2M	10x	as long as short
GRVT INTC_USDT_Perp	+0.0053%	8h	123.29	+0.086%	$924K	$1.4M	10x	as long as short
QFEX INTC-USDshort	+0.0057%	1h	123.18	−0.001%	$1.6M	$12.5M	10x
ApeX Omni INTCUSDT	+0.0100%	1h	123.21	+0.024%	$45K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.13	−0.041%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0116%	8h	123.17	−0.009%	—	—	5x	as long as short
Variational Omni INTClong	+0.0118%	8h	123.18	long leg	$2.2M	$2.5M	—
Aevo INTC-PERP	+0.0120%	1h	123.14	−0.033%	$50K	—	10x	as long as short
Extended INTC_24_5-USD	+0.0152%	1h	123.11	−0.059%	$342K	$1.8M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0152%	1h	123.16	−0.017%	$262K	$931K	10x	as long as short
Binance INTCUSDT	+0.0156%	8h	123.15	−0.025%	$72.7M	$399.5M	25x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0156%	1h	123.07	−0.090%	$21K	$107K	10x	as long as short
Polymarket Perps INTC-USD	+0.0171%	1h	123.16	−0.017%	$212K	$484K	10x	as long as short
KuCoin INTCUSDTM	+0.0180%	8h	123.19	+0.007%	$1.1M	$104K	20x	as long as short
Phoenix INTC	+0.0261%	1h	123.28	+0.080%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0264%	1h	123.20	+0.016%	$348K	$382K	10x	as long as short
BloFin INTC-USDT	+0.0276%	8h	123.22	+0.032%	$922K	$306K	25x	as long as short
tradeXYZ xyz:INTC	+0.0314%	1h	123.13	−0.041%	$147.0M	$69.1M	10x	as long as short
Lighter INTC	+0.0360%	1h	123.15	−0.024%	$1.5M	$2.0M	10x	as long as short
edgeX INTCUSDC	+0.0574%	4h	123.26	+0.062%	$87K	$292K	10x	as long as short