Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.022%

Price spread now: Bybit against Injective+0.107%98s7-day average — · you sell dearer than you buy

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+0.254%+$25 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 0.107% dearer against Injective than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.254%, so the current rate has only just turned against you. The two prices were read 98 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	21m 40s	$213	$22K	12x
Short	Bybit INTCUSDT	121.47	0	get 0.0000% / 8h	3h 21m	$12.8M	$28.5M	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 +0.107%Rate

Funding earned: −$7
Price spread: +0.107% → 0.000%: $10.71
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: −$7.31
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 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, 2 min ago	0.82 bp	12.1 bp −$12	20.0 bp −$200	283.5 bp −$28.4K	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	−0.0301%	8h	121.56	+0.181%	$25.2M	$31.8M	50x	as long as short
Nado INTC-PERP	−0.0062%	1h	121.15	−0.154%	$169K	$282K	10x	as long as short
Aster INTCUSDT	0.0000%	8h	121.41	+0.056%	$304K	$522K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	121.47	+0.107%	$12.8M	$28.5M	50x
Gate INTC_USDT	0.0000%	8h	121.44	+0.082%	$8.4M	$30.2M	75x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.45	+0.091%	$1.7M	$50K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0027%	8h	121.53	+0.156%	$910K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.48	+0.115%	$663K	$2.9M	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	121.36	+0.016%	$92K	$307K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0043%	1h	121.40	+0.046%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0046%	1h	121.04	−0.247%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	121.25	−0.070%	$27K	$4K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	121.31	−0.025%	$1.3M	$2.2M	10x	as long as short
QFEX INTC-USD	+0.0054%	1h	121.23	−0.091%	$1.5M	$11.7M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	121.49	+0.124%	$18.3M	$67.9M	25x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	121.61	+0.223%	$47K	$260K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.32	−0.016%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0101%	8h	121.46	+0.097%	—	—	5x	as long as short
Variational Omni INTC	+0.0105%	8h	121.44	+0.085%	$2.1M	$2.5M	—	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.41	+0.054%	$49K	—	10x	as long as short
Binance INTCUSDT	+0.0124%	8h	121.48	+0.119%	$71.4M	$399.8M	25x	as long as short
Extended INTC_24_5-USD	+0.0128%	1h	121.47	+0.104%	$336K	$1.9M	10x	as long as short
Polymarket Perps INTC-USD	+0.0156%	1h	121.31	−0.025%	$208K	$485K	10x	as long as short
KuCoin INTCUSDTM	+0.0162%	8h	121.45	+0.091%	$1.1M	$105K	20x	as long as short
Lighter INTC	+0.0176%	1h	121.50	+0.130%	$1.4M	$2.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0192%	1h	121.39	+0.041%	$256K	$826K	10x	as long as short
Deribit INTC_USDC-PERPETUAL	+0.0245%	1h	121.34	0.000%	$20K	$107K	10x	as long as short
BloFin INTC-USDT	+0.0253%	8h	121.31	−0.025%	$906K	$305K	25x	as long as short
tradeXYZ xyz:INTC	+0.0300%	1h	121.47	+0.107%	$145.4M	$66.7M	10x	as long as short
edgeX INTCUSDC	+0.0312%	4h	121.81	+0.388%	$86K	$293K	10x	as long as short
Phoenix INTC	+0.0326%	1h	121.65	+0.255%	$47K	$265K	10x	as long as short
RISEx INTC/USDC	+0.0459%	1h	121.48	+0.115%	$343K	$360K	10x	as long as short