Trading

The world's cheapest place to trade spots.

Trading

Integral has enabled trading for all pairs. You can use Integral to trade or single-sided deposit $ETH, $wBTC, $USDT, $USDC, $DAI, and $LINK.

At its core, Integral is a new DeFi primitive that trades off between time and price impact - the longer you are willing to wait for a trade to execute, the less price impact you cause. Our internal analysis has shown that, for a $1mil trade, Integral offers the best price on a $1 million trade 97% of the time when compared with Binance, and 66% of the time when compared with leading aggregators like 1inch.

We coined the term "Implied Liquidity" to illustrate the magic of this technology and provide a benchmark for traders to understand this aspect. At the time of writing, Integral's TVL is $54mm, but we offer an equivalent level of liquidity and slippage that a $3.4T CFAMM (Constant Function Automatic Market Maker) pool offers, making our Implied Liquidity $3.4T.

How often Integral's price improves on DeFi’s leading aggregators and beats CEX (for a $1mil trade)

Benchmarked Exchanges/Aggregators

ETH-LINK

ETH-wBTC

DAI-USDC

USDC-ETH

Binance

100%

82.06%

N/A

100%

1inch

99.67%

85.55%

77.59%

72.88%

Paraswap

100%

63.46%

91.21%

60.51%

0x

96.55%

58.50%

79.93%

65.20%

For more detailed analysis, please visit here.

Trading fee

Integral currently charges a 1bps trading fee for Stablecoin pools (USDC-USDT, DAI-USDC, DAI-USDT), and 5bps for the rest of the pools.

What's the catch for traders? A 5-minute trade delay.

In order to bring about, quite literally, guaranteed world's best liquidity, traders will have to wait an extra 5 minutes on top of the usual ethereum confirmation time. This trade-delay is essential to our design.

For comparison: Uniswap: mining | Integral: mining + 5 min | Binance: 30 minutes to deposit and withdraw

From an intuitive trader UX perspective:

  1. A trader clicks "swap" and sends the order.

  2. The order is sent into a queue to wait for execution.

  3. The wait time is 5 minutes, during which the trader's order sits there and does nothing.

  4. At the end of the 5 minutes, the order is executed at the average Uniswap price over 5 minutes.

You can learn more about Trade Delay here: