Funding arb · Price arb /

INX

all INX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2357%/8h= +258.1% APRpaid last 24h +0.097%

Price spread now: Binance against Coinbase International+1.841%53s7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Binance

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 for this trade now. Funding pays +$71 a day on $10k at the current rate, and Binance is 1.841% dearer against Coinbase International than usual: you sell high and buy low: +$184 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	Coinbase International INX-PERP-INTX	0.006083	−0.1776	get 0.0222% / 1h	11m 29s	$5K	$5K	50x
Short	Binance INXUSDT	0.006195	0.0581	get 0.0290% / 4h	2h 11m	$2.1M	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +1.841%Rate

Funding earned: $494.95
Price spread: +1.841% → 0.000%: $184.12
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $659.07
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Binance: live order book, 8 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	3.22 bp	45.2 bp −$45	254.6 bp −$2,546	doesn't fit	doesn't fit

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-INTXlong	−0.1776%	1h	0.006083	long leg	$5K	$5K	50x
Gate INX_USDT	+0.0100%	4h	0.006190	+1.759%	$1.6M	$70K	25x	as long as short
Bitget INXUSDT	+0.0100%	4h	0.006190	+1.759%	$388K	$97K	25x	as long as short
Deribit INX_USDC-PERPETUAL	+0.0397%	1h	0.006185	+1.677%	$56K	$20K	10x	as long as short
MEXC INX_USDT	+0.0580%	4h	0.006192	+1.792%	$802K	$191K	50x	as long as short
Binance INXUSDTshort	+0.0581%	4h	0.006195	+1.841%	$2.1M	$1.4M	25x
Extended INX-USD	+0.0584%	1h	0.006188	+1.724%	$3K	$112K	5x	as long as short
Bybit INXUSDT	+0.0983%	4h	0.006199	+1.907%	$792K	$361K	13x	as long as short
BingX INX-USDT	+0.1034%	4h	0.006196	+1.858%	—	$6.5M	—	as long as short
KuCoin INXUSDTM	+0.1118%	4h	0.006186	+1.693%	$293K	$51K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster INXUSDT	+0.1154%	4h	0.006195	+1.848%	$19K	$10K	5x	as long as short