Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.015%

Price spread now: Injective against Orderly−0.033%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 0.033% cheaper against Orderly than usual: you would sell low and buy high (−$3 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	121.38	0.0100	pay 0.0100% / 8h	10m 14s	$4K	$3K	10x
Short	Injective INTC/USDC PERP	121.34	0.0033	get 0.0004% / 1h	10m 14s	$213	$22K	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 −0.033%Rate

Funding earned: −$14
Price spread: −0.033% → 0.000%: −$3.3
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: −$23.32
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
Bitget INTCUSDT	−0.0317%	8h	121.54	+0.132%	$25.3M	$32.4M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.34	−0.037%	$429K	$671K	20x	as long as short
Bybit INTCUSDT	0.0000%	8h	121.40	+0.016%	$12.9M	$28.6M	50x	as long as short
Gate INTC_USDT	0.0000%	8h	121.39	+0.008%	$8.3M	$31.3M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	121.31	−0.058%	$909K	$1.5M	10x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.34	−0.033%	$20K	$110K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.40	+0.016%	$1.7M	$49K	10x	as long as short
Variational Omni INTC	+0.0010%	8h	121.32	−0.050%	$2.0M	$2.5M	—	as long as short
OKX INTC-USDT-SWAP	+0.0020%	8h	121.42	+0.033%	$18.2M	$68.0M	25x	as long as short
Lighter RH INTC	+0.0032%	1h	121.42	+0.033%	$672K	$2.8M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective INTC/USDC PERPshort	+0.0033%	1h	121.34	−0.033%	$213	$22K	12x
Aftermath Perps INTCUSD	+0.0039%	1h	121.19	−0.154%	$2K	$54K	10x	as long as short
QFEX INTC-USD	+0.0039%	1h	121.37	−0.008%	$1.3M	$10.0M	10x	as long as short
Arcus INTC-USD	+0.0040%	1h	121.21	−0.140%	$91K	$290K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.34	−0.033%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.37	−0.005%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.07	−0.255%	$1.2M	$2.5M	10x	as long as short
Binance INTCUSDT	+0.0055%	8h	121.41	+0.025%	$69.6M	$397.0M	25x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	121.38	0.000%	$334K	$1.9M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0056%	1h	120.92	−0.379%	$245K	$819K	10x	as long as short
Polymarket Perps INTC-USD	+0.0076%	1h	121.40	+0.016%	$217K	$549K	10x	as long as short
Paradex INTC-USD-PERP	+0.0084%	8h	121.34	−0.034%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	121.40	+0.017%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.34	−0.033%	$47K	$258K	50x	as long as short
Orderly PERP_INTC_USDC_mythoslong	+0.0100%	8h	121.38	long leg	$4K	$3K	10x
Nado INTC-PERP	+0.0111%	1h	121.33	−0.044%	$157K	$296K	10x	as long as short
KuCoin INTCUSDTM	+0.0124%	8h	121.33	−0.041%	$1.1M	$114K	20x	as long as short
BloFin INTC-USDT	+0.0175%	8h	121.23	−0.124%	$902K	$309K	25x	as long as short
Phoenix INTC	+0.0198%	1h	121.23	−0.124%	$47K	$236K	10x	as long as short
Lighter INTC	+0.0224%	1h	121.44	+0.047%	$1.4M	$1.9M	10x	as long as short
RISEx INTC/USDC	+0.0230%	1h	121.44	+0.051%	$318K	$316K	10x	as long as short
tradeXYZ xyz:INTC	+0.0288%	1h	121.37	−0.008%	$146.5M	$60.7M	10x	as long as short
edgeX INTCUSDC	+0.0733%	4h	121.20	−0.147%	$86K	$297K	10x	as long as short