Funding arb · Price arb /

INX

all INX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1676%/8h= −183.5% APRpaid last 24h −0.129%

Price spread now: Coinbase International against Bitget−3.628%47s7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Coinbase International

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 −$50 a day on $10k at the current rate, and Coinbase International is 3.628% cheaper against Bitget than usual: you would sell low and buy high (−$363 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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	Bitget INXUSDT	0.006312	0.0100	pay 0.0050% / 4h	5m 25s	$396K	$112K	25x
Short	Coinbase International INX-PERP-INTX	0.006083	−0.1576	pay 0.0197% / 1h	5m 25s	$5K	$5K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −3.628%Rate

Funding earned: −$351.96
Price spread: −3.628% → 0.000%: −$362.8
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$736.76
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 45 min ago; Coinbase International: 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 Bitget live order book, 45 min ago	10.26 bp	80.3 bp −$80	582.2 bp −$5,822	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

INX on 11 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
Coinbase International INX-PERP-INTXshort	−0.1576%	1h	0.006083	−3.628%	$5K	$5K	50x
Bitget INXUSDTlong	+0.0100%	4h	0.006312	long leg	$396K	$112K	25x
KuCoin INXUSDTM	+0.0124%	4h	0.006303	−0.143%	$280K	$55K	20x	as long as short
Deribit INX_USDC-PERPETUAL	+0.0227%	1h	0.006292	−0.317%	$57K	$20K	10x	as long as short
Bybit INXUSDT	+0.0308%	4h	0.006303	−0.143%	$806K	$395K	13x	as long as short
Extended INX-USD	+0.0312%	1h	0.006301	−0.171%	$1K	$102K	5x	as long as short
MEXC INX_USDT	+0.0314%	4h	0.006301	−0.174%	$903K	$216K	50x	as long as short
Binance INXUSDT	+0.0316%	4h	0.006300	−0.192%	$2.1M	$1.6M	25x	as long as short
BingX INX-USDT	+0.0380%	4h	0.006306	−0.095%	—	$6.5M	—	as long as short
Gate INX_USDT	+0.0458%	4h	0.006290	−0.349%	$1.6M	$72K	25x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster INXUSDT	+0.0712%	4h	0.006301	−0.175%	$19K	$10K	5x	as long as short