Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.004%

Price spread now: Deribit against Variational Omni−0.007%59s7-day average −0.031% · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$4 on $10k

Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.007%, 7d avg −0.031%

Together, before fees+0.196%+ Points / potential airdropVariational Omni: Active · farm board+$20 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 Deribit is 0.024% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.031%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni INTC	122.99	0.0049	pay 0.0049% / 8h	1h 04m	$2.1M	$2.4M	—
Short	Deribit INTC_USDC-PERPETUAL	122.98	0.0157	get 0.0020% / 1h	4m 22s	$21K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.007%Rate

Funding earned: $22.59
Price spread: −0.007% → −0.031%: $2.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $17.99
Costs to cover: 0.070%
Break-even: 1.4 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Deribit: live order book, 14 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	2.48 bp	doesn't fit	11.7 bp −$117	doesn't fit	doesn't fit
Sell Deribit live order book, 14 min ago	0.41 bp	7.2 bp −$7	9.5 bp −$95	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	123.12	+0.104%	$307K	$505K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.14	+0.123%	$18.6M	$69.1M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.09	+0.083%	$9.1M	$32.2M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.07	+0.066%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0011%	8h	123.05	+0.052%	$922K	$1.5M	10x	as long as short
Bybit INTCUSDT	+0.0021%	8h	123.13	+0.115%	$13.4M	$28.9M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.04	+0.042%	$601K	$3.0M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.340%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0043%	1h	123.07	+0.064%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.03	+0.034%	—	$1.5M	25x	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	+0.0049%	8h	122.99	long leg	$2.1M	$2.4M	—
SoDEX INTC-USD	+0.0050%	1h	123.04	+0.041%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.95	−0.031%	$1.3M	$2.2M	10x	as long as short
Nado INTC-PERP	+0.0057%	1h	122.96	−0.020%	$169K	$236K	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.08	+0.074%	$1.9M	$15.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.98	−0.007%	$264K	$1.2M	10x	as long as short
Polymarket Perps INTC-USD	+0.0074%	1h	123.07	+0.066%	$206K	$433K	10x	as long as short
Paradex INTC-USD-PERP	+0.0083%	8h	123.07	+0.065%	—	—	5x	as long as short
Binance INTCUSDT	+0.0093%	8h	123.12	+0.105%	$72.0M	$410.1M	25x	as long as short
Extended INTC_24_5-USD	+0.0096%	1h	123.07	+0.068%	$344K	$1.1M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.94	−0.039%	$45K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.06	+0.058%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	123.11	+0.097%	$50K	—	10x	as long as short
Deribit INTC_USDC-PERPETUALshort	+0.0157%	1h	122.98	−0.007%	$21K	$180K	10x
KuCoin INTCUSDTM	+0.0187%	8h	123.12	+0.107%	$1.2M	$57K	20x	as long as short
BloFin INTC-USDT	+0.0213%	8h	123.03	+0.034%	$866K	$322K	25x	as long as short
Bitget INTCUSDT	+0.0232%	8h	123.14	+0.123%	$25.5M	$34.1M	50x	as long as short
tradeXYZ xyz:INTC	+0.0252%	1h	123.09	+0.083%	$145.8M	$79.4M	10x	as long as short
RISEx INTC/USDC	+0.0257%	1h	123.11	+0.096%	$341K	$377K	10x	as long as short
Phoenix INTC	+0.0262%	1h	122.96	−0.023%	$47K	$256K	10x	as long as short
Lighter INTC	+0.0352%	1h	123.09	+0.084%	$1.5M	$1.9M	10x	as long as short
edgeX INTCUSDC	+0.0477%	4h	122.98	−0.005%	$87K	$288K	10x	as long as short
Arcus INTC-USD	+0.0693%	1h	123.07	+0.066%	$108K	$298K	10x	as long as short