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Funding arb · Price arb /

INX

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0532%/8h= +58.2% APRnext payment +$2.66 per $10,000 · paid last 24h +0.035%
Price spread now: BingX against Binance+0.076%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2132.134% of the position
Long on BinanceShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 7 days−0.107%−$11 · spread now +0.076%, 7d avg +0.013%
Together, before fees−0.089%−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.064% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance INXUSDT0.0063420.0412pay 0.0206% / 4h3h 09m$2.1M$1.5M25x
ShortBingX INX-USDT0.0063470.0944get 0.0472% / 4h3h 09m—$6.5M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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

Funding earned
$111.71
Price spread: +0.076% → +0.013%
$6.35
Slippage, 4 orders
−$193.43
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$95.38
Costs to cover
2.134%
Break-even
13.0 days
Slippage from Binance: live order book, 10 min ago; BingX: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago3.16 bp50.6 bp −$51339.4 bp −$3,394doesn't fitdoesn't fit
Sell BingX live order book, 12 min ago7.87 bp57.6 bp −$58150.7 bp −$1,5071059.3 bp −$105.9K1378.0 bp −$689.0K

INX on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International INX-PERP-INTX−0.1568%1h0.006083−4.086%$5K$5K50xas long as short
Bitget INXUSDT+0.0100%4h0.006338−0.065%$399K$108K25xas long as short
KuCoin INXUSDTM+0.0214%4h0.006334−0.129%$281K$54K20xas long as short
MEXC INX_USDT+0.0368%4h0.006337−0.081%$937K$218K50xas long as short
Binance INXUSDTlong+0.0412%4h0.006342long leg$2.1M$1.5M25x
Extended INX-USD+0.0416%1h0.006340−0.030%$2K$101K5xas long as short
Aster INXUSDT+0.0820%4h0.006322−0.314%$19K$10K5xas long as short
BingX INX-USDTshort+0.0944%4h0.006347+0.076%—$6.5M—
Bybit INXUSDT+0.1031%4h0.006353+0.171%$826K$388K13xas long as short
Deribit INX_USDC-PERPETUAL+0.1331%1h0.006336−0.097%$58K$21K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate INX_USDT+0.2002%4h0.006330−0.192%$1.6M$69K25xas long as short