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: Bitget against Binance+0.066%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1211.210% of the position

Long on Binance Short on Bitget

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−0.081%−$8 · spread now +0.066%, 7d avg +0.032%

Together, before fees−0.047%−$5 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: Bitget is 0.034% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1508	0.0100	pay 0.0050% / 4h	55m 08s	$3.6M	$5.7M	75x
Short	Bitget IMXUSDT	0.1509	0.0100	get 0.0050% / 4h	55m 08s	$1.3M	$400K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.032%: $3.42
Slippage, 4 orders: −$98.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$117.57
Costs to cover: 1.210%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 1 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	3.31 bp	19.7 bp −$20	71.9 bp −$719	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.31 bp	41.4 bp −$41	88.6 bp −$886	doesn't fit	doesn't fit

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	−0.0659%	4h	0.1508	+0.017%	$94K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1512	+0.248%	$26K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1510	+0.111%	$2K	—	150x	as long as short
OKX IMX-USDT-SWAP	+0.0018%	4h	0.1509	+0.033%	$946K	$1.6M	20x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.464%	$559	$28K	5.5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1508	long leg	$3.6M	$5.7M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1507	−0.099%	$3.8M	$2.2M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1507	−0.066%	$646K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1509	+0.066%	$2.6M	$570K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	0.000%	$376K	$161K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTshort	+0.0100%	4h	0.1509	+0.066%	$1.3M	$400K	75x
BingX IMX-USDT	+0.0100%	4h	0.1507	−0.066%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0274%	1h	0.1513	+0.312%	$3.5M	$288K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1504	−0.265%	$190K	$124K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1076%	1h	0.1513	+0.352%	$115K	$10K	20x	as long as short