Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.040%

Price spread now: Injective against BingX+0.464%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.464% dearer against BingX than usual: you sell high and buy low (spread +0.464% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1508	0.0100	pay 0.0050% / 4h	59m 00s	—	$2.9M	—
Short	Injective IMX/USDC PERP	0.1515	0.0033	get 0.0004% / 1h	59m 00s	$559	$28K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.464%Rate

Funding earned: −$14
Price spread: +0.464% → 0.000%: $46.42
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $22.4
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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, 1 min ago	6.64 bp	21.0 bp −$21	52.8 bp −$528	420.5 bp −$42.0K	904.4 bp −$452.2K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1509	+0.049%	$6K	—	150x	as long as short
Injective IMX/USDC PERPshort	+0.0033%	1h	0.1515	+0.464%	$559	$28K	5.5x
Hyperliquid IMX	+0.0100%	1h	0.1514	+0.365%	$3.5M	$295K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1508	−0.008%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1507	−0.099%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1509	+0.073%	$954K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1505	−0.199%	$650K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1508	0.000%	$2.8M	$566K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	0.000%	$401K	$124K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1507	−0.066%	$1.3M	$414K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDTlong	+0.0100%	4h	0.1508	long leg	—	$2.9M	—
Variational Omni IMX	+0.0100%	4h	0.1502	−0.411%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1508	0.000%	$190K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1336%	1h	0.1513	+0.317%	$115K	$18K	20x	as long as short
dYdX IMX-USD	+0.1813%	1h	0.1501	−0.444%	$26K	$59	5x	as long as short