Funding arb · Price arb /

INX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1314%/8h= +143.9% APRpaid last 24h +0.005%

Price spread now: BingX against Extended−0.006%7-day average +0.050% · 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−$253as in the Price arb table

costs, in and out, $10k−$2472.469% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.006%, 7d avg +0.050%

Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.056% cheaper against Extended than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.050%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$39 a day). Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended INX-USD	0.006175	0.0760	pay 0.0095% / 1h	56m 45s	$1K	$109K	5x
Short	BingX INX-USDT	0.006175	0.2074	get 0.1037% / 4h	2h 56m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $275.94
Price spread: −0.006% → +0.050%: −$5.61
Slippage, 4 orders: −$231.9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $23.43
Costs to cover: 2.469%
Break-even: 6.4 days

Slippage from Extended: live order book, 9 min ago; BingX: live order book, 8 min ago.

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 Extended live order book, 9 min ago	9.65 bp	91.4 bp −$91	694.4 bp −$6,944	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.43 bp	46.1 bp −$46	152.6 bp −$1,526	1060.7 bp −$106.1K	doesn't fit

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-INTX	−0.1776%	1h	0.006083	−1.496%	$5K	$6K	50x	as long as short
Bitget INXUSDT	+0.0100%	4h	0.006174	−0.023%	$387K	$86K	25x	as long as short
Gate INX_USDT	+0.0440%	4h	0.006170	−0.087%	$1.6M	$67K	25x	as long as short
Deribit INX_USDC-PERPETUAL	+0.0561%	1h	0.006170	−0.087%	$56K	$20K	10x	as long as short
Extended INX-USDlong	+0.0760%	1h	0.006175	long leg	$1K	$109K	5x
Binance INXUSDT	+0.0763%	4h	0.006177	+0.019%	$2.0M	$1.4M	25x	as long as short
MEXC INX_USDT	+0.0772%	4h	0.006175	−0.006%	$804K	$187K	50x	as long as short
Aster INXUSDT	+0.1315%	4h	0.006178	+0.043%	$18K	$10K	5x	as long as short
KuCoin INXUSDTM	+0.1818%	4h	0.006189	+0.220%	$294K	$80K	20x	as long as short
BingX INX-USDTshort	+0.2074%	4h	0.006175	−0.006%	—	$6.5M	—

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit INXUSDT	+0.2083%	4h	0.006177	+0.026%	$787K	$360K	13x	as long as short