Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.018%

Price spread now: Variational Omni against Phoenix+0.045%7-day average +0.005% · you sell dearer than you buy

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

Long on Phoenix Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.146%−$15 on $10k

Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.045%, 7d avg +0.005%

Together, before fees−0.450%+ Points / potential airdropVariational Omni: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.040% dearer against Phoenix than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of +0.005%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix INTC	120.13	0.0199	pay 0.0025% / 1h	29m 28s	$46K	$239K	10x
Short	Variational Omni INTC	120.18	0.0022	get 0.0022% / 8h	1h 29m	$2.1M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phoenix. 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 PhoenixbpFee Variational OmnibpOrdersPrice spread, now +0.045%Rate

Funding earned: −$37.18
Price spread: +0.045% → +0.005%: $4.03
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$40.15
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 11 min ago; Variational Omni: RFQ quote, 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 Phoenix live order book, 11 min ago	3.33 bp	11.1 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.16 bp	doesn't fit	9.7 bp −$97	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
Bitget INTCUSDT	−0.1012%	8h	120.55	+0.350%	$25.2M	$32.2M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.53	+0.331%	$424K	$668K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	120.43	+0.250%	$12.8M	$28.5M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	120.51	+0.316%	$8.0M	$30.8M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.18	+0.043%	$900K	$1.4M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	120.22	+0.075%	$20K	$108K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.33	+0.166%	$1.7M	$50K	10x	as long as short
OKX INTC-USDT-SWAP	+0.0021%	8h	120.40	+0.225%	$18.0M	$67.4M	25x	as long as short
Variational Omni INTCshort	+0.0022%	8h	120.18	+0.045%	$2.1M	$2.5M	—
Aftermath Perps INTCUSD	+0.0031%	1h	120.17	+0.033%	$2K	$55K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH INTC	+0.0032%	1h	120.44	+0.258%	$669K	$2.9M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+1.007%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.19	+0.050%	$91K	$307K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.24	+0.092%	—	$1.5M	25x	as long as short
QFEX INTC-USD	+0.0047%	1h	120.52	+0.325%	$1.3M	$10.1M	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.21	+0.068%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.08	−0.042%	$1.2M	$2.4M	10x	as long as short
Binance INTCUSDT	+0.0062%	8h	120.45	+0.266%	$69.3M	$397.7M	25x	as long as short
Extended INTC_24_5-USD	+0.0064%	1h	120.48	+0.294%	$332K	$961K	10x	as long as short
Polymarket Perps INTC-USD	+0.0064%	1h	120.44	+0.258%	$215K	$521K	10x	as long as short
Paradex INTC-USD-PERP	+0.0082%	8h	120.46	+0.274%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	120.23	+0.086%	$48K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.30	+0.142%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.22	+0.075%	$4K	$3K	10x	as long as short
Lighter INTC	+0.0104%	1h	120.43	+0.253%	$1.4M	$1.9M	10x	as long as short
KuCoin INTCUSDTM	+0.0106%	8h	120.36	+0.191%	$1.1M	$105K	20x	as long as short
Coinbase International INTC-PERP-INTX	+0.0128%	1h	120.15	+0.017%	$240K	$837K	10x	as long as short
Nado INTC-PERP	+0.0137%	1h	120.39	+0.219%	$157K	$287K	10x	as long as short
edgeX INTCUSDC	+0.0174%	4h	120.17	+0.030%	$85K	$296K	10x	as long as short
BloFin INTC-USDT	+0.0182%	8h	120.16	+0.025%	$894K	$308K	25x	as long as short
tradeXYZ xyz:INTC	+0.0196%	1h	120.39	+0.216%	$143.8M	$63.2M	10x	as long as short
Phoenix INTClong	+0.0199%	1h	120.13	long leg	$46K	$239K	10x
RISEx INTC/USDC	+0.0239%	1h	120.23	+0.085%	$315K	$320K	10x	as long as short