Funding arb · Price arb /

INX

all INX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.2034%/8h= −222.7% APRpaid last 24h −0.215%

Price spread now: Coinbase International against Gate−3.291%50s7-day average — · you buy dearer than you sell

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

Long on Gate 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 −$61 a day on $10k at the current rate, and Coinbase International is 3.291% cheaper against Gate than usual: you would sell low and buy high (−$329 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	Gate INX_USDT	0.006290	0.0458	pay 0.0229% / 4h	5m 19s	$1.6M	$72K	25x
Short	Coinbase International INX-PERP-INTX	0.006083	−0.1576	pay 0.0197% / 1h	5m 19s	$5K	$5K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −3.291%Rate

Funding earned: −$427.14
Price spread: −3.291% → 0.000%: −$329.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$781.23
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	7.93 bp	95.8 bp −$96	doesn't fit	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	−3.291%	$5K	$5K	50x
Bitget INXUSDT	+0.0100%	4h	0.006312	+0.350%	$396K	$112K	25x	as long as short
KuCoin INXUSDTM	+0.0124%	4h	0.006303	+0.207%	$280K	$55K	20x	as long as short
Deribit INX_USDC-PERPETUAL	+0.0227%	1h	0.006292	+0.032%	$57K	$20K	10x	as long as short
Bybit INXUSDT	+0.0308%	4h	0.006303	+0.207%	$806K	$395K	13x	as long as short
Extended INX-USD	+0.0312%	1h	0.006301	+0.178%	$1K	$102K	5x	as long as short
MEXC INX_USDT	+0.0314%	4h	0.006301	+0.175%	$903K	$216K	50x	as long as short
Binance INXUSDT	+0.0316%	4h	0.006300	+0.158%	$2.1M	$1.6M	25x	as long as short
BingX INX-USDT	+0.0380%	4h	0.006306	+0.254%	—	$6.5M	—	as long as short
Gate INX_USDTlong	+0.0458%	4h	0.006290	long leg	$1.6M	$72K	25x

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	+0.174%	$19K	$10K	5x	as long as short