Settings8H · net · $10k
Funding arb · Price arb /

INX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0399%/8h= −43.7% APRpaid last 24h +0.001%
Price spread now: Extended against Bybit−0.117%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$307as in the Price arb table
costs, in and out, $10k−$3053.046% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.527%+$53 on $10k
Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.117%, 7d avg −0.094%
Together, before fees+0.596%+ Points / potential airdropExtended: Active · farm board+$60 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Extended is 0.023% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.094%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.527%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit INXUSDT0.0061980.0983pay 0.0491% / 4h2h 10m$792K$361K13x
ShortExtended INX-USD0.0061910.0584get 0.0073% / 1h10m 48s$3K$112K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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
−$83.76
Price spread: −0.117% → −0.094%
−$2.26
Slippage, 4 orders
−$288.57
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$390.59
Costs to cover
3.046%
Break-even
never at this rate
Slippage from Bybit: live order book, 54 min ago; Extended: live order book, 55 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 Bybit live order book, 54 min ago4.01 bp70.5 bp −$70doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 55 min ago9.65 bp72.1 bp −$72doesn't fitdoesn't fitdoesn't fit

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−0.1776%1h0.006083−1.855%$5K$5K50xas long as short
Gate INX_USDT+0.0100%4h0.006190−0.129%$1.6M$70K25xas long as short
Bitget INXUSDT+0.0100%4h0.006190−0.129%$388K$97K25xas long as short
Deribit INX_USDC-PERPETUAL+0.0397%1h0.006190−0.129%$56K$20K10xas long as short
MEXC INX_USDT+0.0580%4h0.006192−0.097%$802K$191K50xas long as short
Binance INXUSDT+0.0581%4h0.006193−0.079%$2.1M$1.4M25xas long as short
Extended INX-USDshort+0.0584%1h0.006191−0.117%$3K$112K5x
Bybit INXUSDTlong+0.0983%4h0.006198long leg$792K$361K13x
BingX INX-USDT+0.1034%4h0.006194−0.065%$6.5Mas long as short
KuCoin INXUSDTM+0.1118%4h0.006187−0.177%$293K$51K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster INXUSDT+0.1154%4h0.006199+0.011%$19K$10K5xas long as short