INX arbitrage explained
Right now Infinex (INX) trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.005158 and the highest bid on Bitget perp at $0.005171.
The widest INX perpetual spread is between Binance and Bitget: long INX on Binance at $0.005164 and short on Bitget at $0.005171 for +0.14% gross, or -0.02% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.301% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best INX route is to buy spot on Gate and short the perpetual on Bitget: +0.25% gross, +0.05% net, with +0.331% a day of funding on the short leg.
Spot–spot INX arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) shows -0.12% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small INX gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: INX funding rates · INX spread charts · Infinex price · arbitrage scanner for all coins.