Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Binance−0.048%111s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.731% of the position
Funding, last 7 days+0.151%+$15 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.048%, 7d avg +0.003%
=Funding pays, the price is against you. BloFin is 0.051% cheaper against Binance than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.003%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.151% in total) that is about 2.4 days. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.151% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance IMXUSDT | 0.1509 | 0.0100 | pay 0.0050% / 4h | 57m 28s | $3.7M | $5.9M | 75x |
| Short | BloFin IMX-USDT | 0.1508 | 0.0340 | get 0.0170% / 4h | 57m 28s | $190K | $142K | 75x |
Binance IMXUSDT
BloFin IMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.048% → +0.003%
- −$5.1
- Slippage, 4 orders
- −$51.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.84
- Costs to cover
- 0.731%
- Break-even
- 10.9 days
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 12 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, 11 min ago | 3.34 bp | 17.2 bp −$17 | 65.1 bp −$651 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 3.34 bp | 26.4 bp −$26 | 47.4 bp −$474 | 290.2 bp −$29.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) IMX/USD | L −0.0002% / S +0.0004% | 1h | 0.1510 | +0.068% | $6K | — | 150x | as long as short |
| Injective IMX/USDC PERP | +0.0033% | 1h | 0.1515 | +0.416% | $559 | $28K | 5.5x | as long as short |
| Hyperliquid IMX | +0.0100% | 1h | 0.1514 | +0.357% | $3.5M | $295K | 5x | as long as short |
| Binance IMXUSDTlong | +0.0100% | 4h | 0.1509 | long leg | $3.7M | $5.9M | 75x | |
| Bybit IMXUSDT | +0.0100% | 4h | 0.1509 | +0.019% | $3.9M | $2.2M | 75x | as long as short |
| OKX IMX-USDT-SWAP | +0.0100% | 4h | 0.1510 | +0.078% | $956K | $1.7M | 20x | as long as short |
| Gate IMX_USDT | +0.0100% | 4h | 0.1507 | −0.114% | $650K | $141K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1509 | +0.019% | $2.8M | $566K | 125x | as long as short |
| KuCoin IMXUSDTM | +0.0100% | 4h | 0.1509 | +0.019% | $401K | $127K | 50x | as long as short |
| Bitget IMXUSDT | +0.0100% | 4h | 0.1510 | +0.085% | $1.3M | $414K | 75x | as long as short |
gTrade (Gains Network) IMX/USD
Injective IMX/USDC PERP
Hyperliquid IMX
Bybit IMXUSDT
OKX IMX-USDT-SWAP
Gate IMX_USDT
MEXC IMX_USDT
KuCoin IMXUSDTM
Bitget IMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX IMX-USDT | +0.0100% | 4h | 0.1510 | +0.085% | — | $2.9M | — | as long as short |
| Variational Omni IMX | +0.0100% | 4h | 0.1502 | −0.459% | $94K | $131K | — | as long as short |
| BloFin IMX-USDTshort | +0.0340% | 4h | 0.1508 | −0.048% | $190K | $142K | 75x | |
| Kraken Futures PF_IMXUSD | +0.1336% | 1h | 0.1514 | +0.322% | $115K | $11K | 20x | as long as short |
| dYdX IMX-USD | +0.3843% | 1h | 0.1509 | +0.005% | $26K | $66 | 5x | as long as short |
BingX IMX-USDT
Variational Omni IMX
Kraken Futures PF_IMXUSD
dYdX IMX-USD