Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.067%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1071.065% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.041%−$4 · spread now −0.067%, 7d avg −0.037%

Together, before fees−0.041%−$4 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: BingX is 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1496	0.0100	pay 0.0050% / 4h	1h 15m	$1.3M	$416K	75x
Short	BingX IMX-USDT	0.1495	0.0100	get 0.0050% / 4h	1h 15m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.037%: −$2.98
Slippage, 4 orders: −$84.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$109.52
Costs to cover: 1.065%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 9 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 Bitget live order book, 1 min ago	3.34 bp	16.7 bp −$17	67.8 bp −$678	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	10.03 bp	27.3 bp −$27	57.5 bp −$575	335.3 bp −$33.5K	950.2 bp −$475.1K

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	0.1497	+0.047%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.270%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1501	+0.336%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1500	+0.294%	$3.4M	$289K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1495	−0.067%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1494	−0.134%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1495	−0.094%	$938K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1495	−0.067%	$645K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1495	−0.067%	$2.8M	$578K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1496	0.000%	$396K	$124K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTlong	+0.0100%	4h	0.1496	long leg	$1.3M	$416K	75x
BingX IMX-USDTshort	+0.0100%	4h	0.1495	−0.067%	—	$2.9M	—
Variational Omni IMX	+0.0100%	4h	0.1495	−0.046%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1497	+0.067%	$190K	$147K	75x	as long as short
dYdX IMX-USD	+0.2379%	1h	0.1497	+0.087%	$26K	$59	5x	as long as short