Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h −0.030%

Price spread now: Injective against Bybit−0.614%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$28 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.614% cheaper against Bybit than usual: you would sell low and buy high (spread −0.614% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$61 on $10k: about 2 months of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.285%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit INTCUSDT	122.09	0.0006	pay 0.0006% / 8h	2h 21m	$13.2M	$29.0M	50x
Short	Injective INTC/USDC PERP	121.34	0.0033	get 0.0004% / 1h	21m 00s	$213	$27K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now −0.614%Rate

Funding earned: $5.78
Price spread: −0.614% → 0.000%: −$61.43
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$66.67
Costs to cover: 0.110%
Break-even: 87.7 days

Slippage unknown: Bybit: live order book, 3 min ago; Injective: no order-book sample. 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 Bybit live order book, 3 min ago	0.82 bp	8.8 bp −$9	15.3 bp −$153	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit INTC_USDC-PERPETUAL	−0.0159%	1h	122.05	−0.033%	$20K	$180K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	122.07	−0.020%	$303K	$501K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	122.08	−0.008%	$18.3M	$68.4M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	122.07	−0.016%	$8.9M	$32.3M	75x	as long as short
Variational Omni INTC	0.0000%	8h	122.09	+0.001%	$2.1M	$2.4M	—	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	122.10	+0.008%	$915K	$1.6M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	122.11	+0.016%	$1.7M	$51K	10x	as long as short
Bybit INTCUSDTlong	+0.0006%	8h	122.09	long leg	$13.2M	$29.0M	50x
Lighter RH INTC	+0.0032%	1h	122.11	+0.016%	$602K	$3.1M	10x	as long as short
Injective INTC/USDC PERPshort	+0.0033%	1h	121.34	−0.614%	$213	$27K	12x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance INTCUSDT	+0.0039%	8h	122.12	+0.025%	$71.4M	$411.3M	25x	as long as short
Extended INTC_24_5-USD	+0.0040%	1h	122.11	+0.012%	$325K	$1.1M	10x	as long as short
Aftermath Perps INTCUSD	+0.0043%	1h	122.01	−0.062%	$2K	$53K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	122.15	+0.049%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	122.08	−0.008%	$204K	$399K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.09	+0.004%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.97	−0.098%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0080%	1h	122.13	+0.033%	$1.9M	$15.0M	10x	as long as short
Nado INTC-PERP	+0.0083%	1h	122.05	−0.029%	$171K	$233K	10x	as long as short
Aevo INTC-PERP	+0.0088%	1h	122.09	+0.004%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0100%	8h	122.09	0.000%	$1.2M	$61K	20x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.15	+0.049%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.09	0.000%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0103%	8h	122.10	+0.008%	—	—	5x	as long as short
BloFin INTC-USDT	+0.0158%	8h	122.14	+0.041%	$897K	$317K	25x	as long as short
Coinbase International INTC-PERP-INTX	+0.0160%	1h	121.83	−0.213%	$279K	$1.2M	10x	as long as short
tradeXYZ xyz:INTC	+0.0213%	1h	122.09	0.000%	$144.2M	$80.6M	10x	as long as short
Bitget INTCUSDT	+0.0223%	8h	122.14	+0.041%	$25.4M	$34.1M	50x	as long as short
Phoenix INTC	+0.0263%	1h	122.02	−0.057%	$47K	$291K	10x	as long as short
Lighter INTC	+0.0376%	1h	122.15	+0.047%	$1.5M	$2.1M	10x	as long as short
RISEx INTC/USDC	+0.0433%	1h	122.16	+0.058%	$329K	$368K	10x	as long as short
Arcus INTC-USD	+0.0507%	1h	122.11	+0.016%	$107K	$299K	10x	as long as short
edgeX INTCUSDC	+0.0825%	4h	122.09	+0.003%	$86K	$286K	10x	as long as short