Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.015%

Price spread now: Injective against Orderly−1.486%58s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Injective

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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 −$2 a day on $10k at the current rate, and Injective is 1.486% cheaper against Orderly than usual: you would sell low and buy high (−$149 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	Orderly PERP_INTC_USDC_mythos	123.17	0.0100	pay 0.0100% / 8h	1h 28m	$4K	$3K	10x
Short	Injective INTC/USDC PERP	121.34	0.0033	get 0.0004% / 1h	28m 03s	$213	$23K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Orderly. 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 OrderlybpFee InjectivebpOrdersPrice spread, now −1.486%Rate

Funding earned: −$14
Price spread: −1.486% → 0.000%: −$148.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$168.6
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Orderly and 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
Aster INTCUSDT	0.0000%	8h	123.13	−0.034%	$307K	$505K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	123.26	+0.073%	$18.6M	$69.3M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	123.23	+0.049%	$9.1M	$32.1M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	123.20	+0.024%	$21K	$180K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	123.20	+0.024%	$1.7M	$51K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0009%	8h	122.97	−0.162%	$921K	$1.5M	10x	as long as short
Bybit INTCUSDT	+0.0026%	8h	123.29	+0.097%	$13.5M	$29.1M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	123.22	+0.041%	$603K	$3.0M	10x	as long as short
Injective INTC/USDC PERPshort	+0.0033%	1h	121.34	−1.486%	$213	$23K	12x
Aftermath Perps INTCUSD	+0.0041%	1h	122.98	−0.155%	$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
Variational Omni INTC	+0.0042%	8h	122.98	−0.155%	$2.1M	$2.4M	—	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	123.27	+0.081%	—	$1.5M	25x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	123.03	−0.114%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0060%	1h	123.23	+0.049%	$1.9M	$15.1M	10x	as long as short
Nado INTC-PERP	+0.0064%	1h	123.15	−0.015%	$169K	$237K	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.29	−0.714%	$271K	$1.2M	10x	as long as short
SoDEX INTC-USD	+0.0070%	1h	123.22	+0.041%	$27K	$4K	10x	as long as short
Binance INTCUSDT	+0.0087%	8h	123.28	+0.088%	$72.1M	$411.0M	25x	as long as short
Extended INTC_24_5-USD	+0.0088%	1h	123.25	+0.062%	$339K	$1.1M	10x	as long as short
Paradex INTC-USD-PERP	+0.0095%	8h	123.21	+0.036%	—	—	5x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	123.15	−0.016%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythoslong	+0.0100%	8h	123.17	long leg	$4K	$3K	10x
Aevo INTC-PERP	+0.0104%	1h	123.24	+0.057%	$50K	—	10x	as long as short
Polymarket Perps INTC-USD	+0.0104%	1h	123.23	+0.049%	$206K	$432K	10x	as long as short
KuCoin INTCUSDTM	+0.0167%	8h	123.15	−0.016%	$1.2M	$59K	20x	as long as short
BloFin INTC-USDT	+0.0205%	8h	123.20	+0.024%	$904K	$323K	25x	as long as short
Bitget INTCUSDT	+0.0228%	8h	123.30	+0.106%	$25.5M	$34.3M	50x	as long as short
tradeXYZ xyz:INTC	+0.0228%	1h	123.25	+0.065%	$145.7M	$80.3M	10x	as long as short
RISEx INTC/USDC	+0.0257%	1h	123.26	+0.073%	$331K	$366K	10x	as long as short
Phoenix INTC	+0.0262%	1h	123.05	−0.097%	$47K	$256K	10x	as long as short
Lighter INTC	+0.0352%	1h	123.27	+0.084%	$1.5M	$1.9M	10x	as long as short
edgeX INTCUSDC	+0.0668%	4h	123.18	+0.011%	$87K	$288K	10x	as long as short
Arcus INTC-USD	+0.0693%	1h	123.23	+0.049%	$108K	$298K	10x	as long as short