Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.067%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$830.833% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.067%, 7d avg −0.003%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.064% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1498	0.0100	pay 0.0050% / 4h	2h 54m	$3.6M	$5.8M	75x
Short	BingX IMX-USDT	0.1497	0.0100	get 0.0050% / 4h	2h 54m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.003%: −$6.38
Slippage, 4 orders: −$63.29
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$89.68
Costs to cover: 0.833%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; BingX: live order book, 9 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 Binance live order book, 13 min ago	6.55 bp	18.9 bp −$19	71.8 bp −$718	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	6.57 bp	23.5 bp −$23	55.9 bp −$559	380.0 bp −$38.0K	1030.9 bp −$515.5K

IMX on 15 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
Variational Omni IMX	−0.0059%	4h	0.1494	−0.249%	$94K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1500	+0.134%	$26K	$80	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1500	+0.122%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.135%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1503	+0.360%	$3.5M	$284K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1498	long leg	$3.6M	$5.8M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1497	−0.067%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1499	+0.073%	$949K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1495	−0.200%	$641K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1498	0.000%	$2.8M	$554K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1496	−0.134%	$380K	$156K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1499	+0.067%	$1.3M	$405K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1497	−0.067%	—	$2.9M	—
BloFin IMX-USDT	+0.0340%	4h	0.1497	−0.067%	$190K	$131K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1304%	1h	0.1502	+0.292%	$114K	$11K	20x	as long as short