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 KuCoin spot at $0.005279 and the highest bid on Bybit perp at $0.005287.
The widest INX perpetual spread is between MEXC and Bybit: long INX on MEXC at $0.005284 and short on Bybit at $0.005287 for +0.06% gross, or -0.10% 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 0.000% 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 KuCoin and short the perpetual on Bybit: +0.15% gross, -0.05% net, with +0.030% a day of funding on the short leg.
Spot–spot INX arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows -0.08% 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.