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: Binance against BingX−0.119%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$870.870% of the position

Long on BingX Short on Binance

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+0.132%+$13 · spread now −0.119%, 7d avg +0.002%

Together, before fees+0.098%+$10 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: Binance is 0.121% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1522	0.0100	pay 0.0050% / 4h	1h 18m	—	$2.9M	—
Short	Binance IMXUSDT	0.1520	0.0100	get 0.0050% / 4h	1h 18m	$3.7M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → +0.002%: −$12.06
Slippage, 4 orders: −$67.01
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.08
Costs to cover: 0.870%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Binance: live order book, 5 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 BingX live order book, 6 min ago	6.60 bp	22.0 bp −$22	55.3 bp −$553	414.3 bp −$41.4K	971.0 bp −$485.5K
Sell Binance live order book, 5 min ago	3.29 bp	18.9 bp −$19	73.1 bp −$731	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	−0.0569%	4h	0.1520	−0.150%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1524	+0.111%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1521	−0.060%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.460%	$559	$28K	5.5x	as long as short
OKX IMX-USDT-SWAP	+0.0078%	4h	0.1519	−0.197%	$952K	$1.6M	20x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1520	−0.119%	$3.7M	$5.7M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1518	−0.243%	$3.8M	$2.2M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1521	−0.066%	$652K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1520	−0.131%	$2.6M	$585K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1520	−0.131%	$378K	$159K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1521	−0.066%	$1.3M	$400K	75x	as long as short
BingX IMX-USDTlong	+0.0100%	4h	0.1522	long leg	—	$2.9M	—
Hyperliquid IMX	+0.0183%	1h	0.1524	+0.138%	$3.5M	$279K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1522	0.000%	$190K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.0710%	1h	0.1523	+0.085%	$116K	$10K	20x	as long as short