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

INX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1704%/8h= −186.6% APRnext payment $8.52 per $10,000 · paid last 24h −0.118%
Price spread now: Bitget against KuCoin−0.291%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,469as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,505as in the Price arb table
costs, in and out, $10k−$2,46424.642% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.049%−$5 on $10k
Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.291%, 7d avg +0.114%
Together, before fees+0.335%+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and Bitget is 0.405% cheaper against KuCoin than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.114%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $8.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin INXUSDTM0.0061860.1804pay 0.0902% / 4h2h 55m$294K$80K20x
ShortBitget INXUSDT0.0061680.0100get 0.0050% / 4h2h 55m$387K$86K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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
−$357.84
Price spread: −0.291% → +0.114%
−$40.49
Slippage, 4 orders
−$2,440.16
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$2,862.49
Costs to cover
24.642%
Break-even
never at this rate
Slippage from KuCoin: live order book, 55 min ago; Bitget: live order book, 4 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 KuCoin live order book, 55 min ago19.50 bp1795.5 bp −$1,795doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago12.97 bp39.0 bp −$39278.5 bp −$2,785doesn'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%1h0.006083−1.665%$5K$6K50xas long as short
Bitget INXUSDTshort+0.0100%4h0.006168−0.291%$387K$86K25x
Gate INX_USDT+0.0404%4h0.006160−0.420%$1.6M$67K25xas long as short
Deribit INX_USDC-PERPETUAL+0.0561%1h0.006168−0.291%$56K$20K10xas long as short
Extended INX-USD+0.0752%1h0.006164−0.348%$1K$109K5xas long as short
Binance INXUSDT+0.0754%4h0.006166−0.323%$2.0M$1.4M25xas long as short
MEXC INX_USDT+0.0762%4h0.006167−0.307%$803K$187K50xas long as short
Aster INXUSDT+0.1303%4h0.006163−0.374%$18K$10K5xas long as short
KuCoin INXUSDTMlong+0.1804%4h0.006186long leg$294K$80K20x
Bybit INXUSDT+0.1986%4h0.006170−0.259%$786K$358K13xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX INX-USDT+0.2074%4h0.006162−0.388%$6.5Mas long as short