Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.019%

Price spread now: Variational Omni against ApeX Omni+0.210%7-day average +0.009% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.099%−$10 on $10k

Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.210%, 7d avg +0.009%

Together, before fees−0.309%+ Points / potential airdropVariational Omni: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.201% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of +0.009%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 3 days (−0.099% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni INTCUSDT	123.34	0.0100	pay 0.0013% / 1h	43m 37s	$46K	$258K	50x
Short	Variational Omni INTC	123.60	0.0066	get 0.0066% / 8h	43m 37s	$2.2M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now +0.210%Rate

Funding earned: −$7.08
Price spread: +0.210% → +0.009%: $20.13
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.04
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 33 min ago; Variational Omni: RFQ quote, 1 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 ApeX Omni live order book, 33 min ago	6.50 bp	11.5 bp −$12	47.5 bp −$475	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.47 bp	doesn't fit	9.4 bp −$94	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
Aster INTCUSDT	0.0000%	8h	123.48	+0.114%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.43	+0.073%	$18.7M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.47	+0.105%	$9.1M	$32.2M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.47	+0.105%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0021%	8h	123.42	+0.065%	$925K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0021%	8h	123.43	+0.073%	$13.4M	$28.9M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.42	+0.065%	$598K	$3.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.29	−0.041%	$263K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.622%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0043%	1h	123.43	+0.075%	$2K	$53K	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	123.49	+0.122%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	123.44	+0.085%	$28K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.51	+0.138%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.44	+0.081%	$1.9M	$15.2M	10x	as long as short
Variational Omni INTCshort	+0.0066%	8h	123.60	+0.210%	$2.2M	$2.5M	—
Paradex INTC-USD-PERP	+0.0097%	8h	123.42	+0.066%	—	—	5x	as long as short
ApeX Omni INTCUSDTlong	+0.0100%	1h	123.34	long leg	$46K	$258K	50x
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.42	+0.065%	$4K	$3K	10x	as long as short
Nado INTC-PERP	+0.0106%	1h	123.37	+0.022%	$170K	$239K	10x	as long as short
Polymarket Perps INTC-USD	+0.0108%	1h	123.43	+0.073%	$213K	$450K	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.45	+0.087%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0116%	8h	123.44	+0.081%	$72.1M	$409.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0120%	1h	123.42	+0.063%	$352K	$1.1M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0155%	1h	123.42	+0.065%	$21K	$178K	10x	as long as short
KuCoin INTCUSDTM	+0.0209%	8h	123.40	+0.049%	$1.2M	$57K	20x	as long as short
BloFin INTC-USDT	+0.0237%	8h	123.39	+0.041%	$867K	$317K	25x	as long as short
Bitget INTCUSDT	+0.0247%	8h	123.45	+0.089%	$25.5M	$34.1M	50x	as long as short
tradeXYZ xyz:INTC	+0.0282%	1h	123.41	+0.057%	$146.4M	$79.3M	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.34	0.000%	$47K	$256K	10x	as long as short
Lighter INTC	+0.0392%	1h	123.47	+0.109%	$1.5M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.47	+0.103%	$342K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.41	+0.057%	$108K	$298K	10x	as long as short
edgeX INTCUSDC	+0.0984%	4h	123.56	+0.178%	$88K	$290K	10x	as long as short