Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.040%

Price spread now: Nado against Variational Omni−0.176%57s7-day average −0.003% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.450%+$45 · spread now −0.176%, 7d avg −0.003%

Together, before fees+0.546%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.173% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of −0.003%). If the spread goes back, that is −$17 on $10k: about 11 days of funding at the current rate (+$2 a day). The two prices were read 57 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	123.60	0.0066	pay 0.0066% / 8h	44m 36s	$2.2M	$2.5M	—
Short	Nado INTC-PERP	123.38	0.0118	get 0.0015% / 1h	44m 36s	$170K	$239K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpOrdersPrice spread, now −0.176%Rate

Funding earned: $10.89
Price spread: −0.176% → −0.003%: −$17.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.45
Costs to cover: 0.070%
Break-even: 15.6 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Nado: live order book, 33 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	10.2 bp −$102	doesn't fit	doesn't fit
Sell Nado live order book, 33 min ago	1.22 bp	16.3 bp −$16	29.2 bp −$292	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	123.45	−0.123%	$308K	$506K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.41	−0.153%	$18.7M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.39	−0.170%	$9.1M	$32.2M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.40	−0.161%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0022%	8h	123.61	+0.009%	$926K	$1.4M	10x	as long as short
Bybit INTCUSDT	+0.0023%	8h	123.43	−0.137%	$13.4M	$28.9M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.36	−0.194%	$598K	$3.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0032%	1h	123.29	−0.250%	$263K	$1.2M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−1.828%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0044%	1h	123.47	−0.102%	$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	123.53	−0.056%	—	$1.5M	25x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.51	−0.072%	$1.3M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0055%	1h	123.38	−0.178%	$1.9M	$15.2M	10x	as long as short
SoDEX INTC-USD	+0.0057%	1h	123.39	−0.174%	$28K	$4K	10x	as long as short
Variational Omni INTClong	+0.0066%	8h	123.60	long leg	$2.2M	$2.5M	—
Paradex INTC-USD-PERP	+0.0098%	8h	123.37	−0.187%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.52	−0.064%	$46K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	123.40	−0.161%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	123.42	−0.144%	$50K	—	10x	as long as short
Binance INTCUSDT	+0.0117%	8h	123.39	−0.167%	$72.1M	$409.8M	25x	as long as short
Nado INTC-PERPshort	+0.0118%	1h	123.38	−0.176%	$170K	$239K	10x
Extended INTC_24_5-USD	+0.0120%	1h	123.36	−0.196%	$352K	$1.1M	10x	as long as short
Polymarket Perps INTC-USD	+0.0123%	1h	123.51	−0.072%	$213K	$450K	10x	as long as short
KuCoin INTCUSDTM	+0.0209%	8h	123.37	−0.186%	$1.2M	$57K	20x	as long as short
BloFin INTC-USDT	+0.0237%	8h	123.39	−0.170%	$867K	$317K	25x	as long as short
Bitget INTCUSDT	+0.0247%	8h	123.39	−0.170%	$25.5M	$34.1M	50x	as long as short
tradeXYZ xyz:INTC	+0.0288%	1h	123.33	−0.218%	$146.3M	$79.3M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0318%	1h	123.36	−0.194%	$21K	$178K	10x	as long as short
Phoenix INTC	+0.0325%	1h	123.57	−0.024%	$47K	$256K	10x	as long as short
Lighter INTC	+0.0416%	1h	123.41	−0.156%	$1.5M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	123.42	−0.142%	$342K	$378K	10x	as long as short
Arcus INTC-USD	+0.0567%	1h	123.38	−0.178%	$108K	$298K	10x	as long as short
edgeX INTCUSDC	+0.0785%	4h	123.60	−0.003%	$88K	$289K	10x	as long as short