Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.022%

Price spread now: Bybit against Injective−0.503%78s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.503% cheaper against Injective than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you. The two prices were read 78 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	Injective INTC/USDC PERP	121.34	0.0033	pay 0.0004% / 1h	18m 04s	$213	$22K	12x
Short	Bybit INTCUSDT	120.73	0	get 0.0000% / 8h	2h 18m	$12.9M	$28.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now −0.503%Rate

Funding earned: −$7
Price spread: −0.503% → 0.000%: −$50.27
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.29
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	0.41 bp	10.6 bp −$11	16.4 bp −$164	320.2 bp −$32.0K	doesn't fit

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
Bitget INTCUSDT	−0.1071%	8h	120.85	−0.404%	$25.2M	$32.3M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	120.70	−0.525%	$300K	$543K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	120.73	−0.503%	$12.9M	$28.8M	50x
Gate INTC_USDT	0.0000%	8h	120.77	−0.470%	$8.1M	$30.8M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	120.09	−1.030%	$900K	$1.4M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	120.74	−0.494%	$1.7M	$50K	10x	as long as short
Aftermath Perps INTCUSD	+0.0032%	1h	120.39	−0.783%	$2K	$55K	10x	as long as short
Lighter RH INTC	+0.0032%	1h	120.78	−0.462%	$651K	$2.8M	10x	as long as short
Injective INTC/USDC PERPlong	+0.0033%	1h	121.34	long leg	$213	$22K	12x
Arcus INTC-USD	+0.0040%	1h	120.48	−0.709%	$91K	$307K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INTC	+0.0042%	8h	120.46	−0.722%	$2.1M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0043%	8h	120.70	−0.527%	$18.0M	$67.7M	25x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	120.62	−0.593%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	120.73	−0.503%	$207K	$501K	10x	as long as short
SoDEX INTC-USD	+0.0050%	1h	120.76	−0.479%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.69	−0.536%	$1.2M	$2.4M	10x	as long as short
QFEX INTC-USD	+0.0052%	1h	120.70	−0.527%	$1.4M	$10.7M	10x	as long as short
Nado INTC-PERP	+0.0074%	1h	120.71	−0.519%	$157K	$287K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0081%	1h	120.74	−0.494%	$20K	$107K	10x	as long as short
Paradex INTC-USD-PERP	+0.0086%	8h	120.69	−0.535%	—	—	5x	as long as short
Binance INTCUSDT	+0.0086%	8h	120.71	−0.522%	$69.9M	$399.0M	25x	as long as short
Extended INTC_24_5-USD	+0.0088%	1h	120.81	−0.437%	$334K	$1.9M	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.24	−0.907%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	120.74	−0.494%	$4K	$3K	10x	as long as short
Aevo INTC-PERP	+0.0104%	1h	120.79	−0.453%	$49K	—	10x	as long as short
KuCoin INTCUSDTM	+0.0115%	8h	120.75	−0.486%	$1.1M	$107K	20x	as long as short
Lighter INTC	+0.0144%	1h	120.83	−0.416%	$1.4M	$2.0M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0184%	1h	120.04	−1.071%	$245K	$834K	10x	as long as short
tradeXYZ xyz:INTC	+0.0204%	1h	120.72	−0.511%	$144.3M	$64.8M	10x	as long as short
BloFin INTC-USDT	+0.0206%	8h	120.70	−0.527%	$902K	$308K	25x	as long as short
RISEx INTC/USDC	+0.0215%	1h	120.75	−0.485%	$315K	$338K	10x	as long as short
Phoenix INTC	+0.0265%	1h	120.16	−0.972%	$46K	$240K	10x	as long as short
edgeX INTCUSDC	+0.0903%	4h	120.41	−0.770%	$85K	$295K	10x	as long as short