Funding arb · Price arb /

IMX

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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: Bybit against BingX−0.172%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1051.046% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.105%+$10 · spread now −0.172%, 7d avg −0.064%

Together, before fees+0.105%+$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: Bybit is 0.108% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1512	0.0100	pay 0.0050% / 4h	2h 10m	—	$2.9M	—
Short	Bybit IMXUSDT	0.1509	0.0100	get 0.0050% / 4h	2h 10m	$3.8M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → −0.064%: −$10.84
Slippage, 4 orders: −$83.63
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$115.48
Costs to cover: 1.046%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago	6.62 bp	21.6 bp −$22	52.7 bp −$527	392.5 bp −$39.3K	974.3 bp −$487.1K
Sell Bybit live order book, 2 min ago	3.31 bp	31.0 bp −$31	89.6 bp −$896	doesn't fit	doesn't fit

IMX on 14 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	−0.0353%	4h	0.1511	−0.084%	$95K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1514	+0.141%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0012%	1h	0.1516	+0.265%	$27K	$2K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.198%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1518	+0.390%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1512	+0.004%	$3.6M	$5.8M	75x	as long as short
Bybit IMXUSDTshort	+0.0100%	4h	0.1509	−0.172%	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1510	−0.126%	$947K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1511	−0.066%	$648K	$83K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1512	0.000%	$2.6M	$588K	125x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1511	−0.066%	$376K	$159K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1514	+0.132%	$1.3M	$398K	75x	as long as short
BingX IMX-USDTlong	+0.0100%	4h	0.1512	long leg	—	$2.9M	—
Kraken Futures PF_IMXUSD	+0.1292%	1h	0.1516	+0.258%	$115K	$11K	20x	as long as short