Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.134%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1411.410% of the position

Long on Bitget 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+0.202%+$20 · spread now −0.134%, 7d avg −0.100%

Together, before fees+0.202%+$20 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 0.034% 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 −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1491	0.0100	pay 0.0050% / 4h	43m 24s	$1.3M	$407K	75x
Short	Bybit IMXUSDT	0.1489	0.0100	get 0.0050% / 4h	43m 24s	$3.8M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → −0.100%: −$3.44
Slippage, 4 orders: −$118.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$144.45
Costs to cover: 1.410%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: 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 Bitget live order book, 3 min ago	3.35 bp	36.5 bp −$36	82.7 bp −$827	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.36 bp	28.3 bp −$28	81.3 bp −$813	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
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1491	−0.026%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.610%	$559	$28K	5.5x	as long as short
Variational Omni IMX	+0.0042%	4h	0.1490	−0.053%	$93K	$131K	—	as long as short
dYdX IMX-USD	+0.0084%	1h	0.1491	−0.020%	$26K	$4K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1490	−0.085%	$3.5M	$5.8M	75x	as long as short
Bybit IMXUSDTshort	+0.0100%	4h	0.1489	−0.134%	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1490	−0.067%	$936K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1489	−0.134%	$636K	$71K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1491	0.000%	$2.4M	$594K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1489	−0.134%	$357K	$182K	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	0.1491	long leg	$1.3M	$407K	75x
BingX IMX-USDT	+0.0100%	4h	0.1490	−0.067%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1492	+0.067%	$182K	$129K	75x	as long as short
Hyperliquid IMX	+0.0587%	1h	0.1494	+0.181%	$3.4M	$315K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.2015%	1h	0.1496	+0.345%	$114K	$10K	20x	as long as short