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: MEXC against BingX+0.199%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on BingX Short on MEXC

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−0.212%−$21 · spread now +0.199%, 7d avg +0.004%

Together, before fees−0.246%−$25 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: MEXC is 0.195% dearer against BingX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1511	0.0100	pay 0.0050% / 4h	1h 42m	—	$2.9M	—
Short	MEXC IMX_USDT	0.1514	0.0100	get 0.0050% / 4h	1h 42m	$2.6M	$583K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.199%Rate

Funding earned: $0
Price spread: +0.199% → +0.004%: $19.45
Slippage, 4 orders: −$53.99
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$48.54
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 4 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	6.64 bp	18.4 bp −$18	50.5 bp −$505	409.2 bp −$40.9K	969.2 bp −$484.6K
Sell MEXC live order book, 4 min ago	3.32 bp	10.9 bp −$11	36.4 bp −$364	188.9 bp −$18.9K	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	−0.0513%	4h	0.1504	−0.448%	$94K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1510	−0.086%	$26K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1514	+0.173%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.265%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1513	+0.132%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1510	−0.066%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1512	+0.093%	$947K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1508	−0.199%	$646K	$81K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1514	+0.199%	$2.6M	$583K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1509	−0.132%	$375K	$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	0.1512	+0.066%	$1.3M	$398K	75x	as long as short
BingX IMX-USDTlong	+0.0100%	4h	0.1511	long leg	—	$2.9M	—
BloFin IMX-USDT	+0.0340%	4h	0.1507	−0.265%	$190K	$124K	75x	as long as short
Hyperliquid IMX	+0.0437%	1h	0.1518	+0.477%	$3.5M	$281K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.0712%	1h	0.1519	+0.513%	$115K	$10K	20x	as long as short