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: MEXC against Bitget−0.132%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Bitget 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+0.052%+$5 · spread now −0.132%, 7d avg −0.029%

Together, before fees+0.018%+$2 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 0.103% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1514	0.0100	pay 0.0050% / 4h	2h 08m	$1.3M	$398K	75x
Short	MEXC IMX_USDT	0.1512	0.0100	get 0.0050% / 4h	2h 08m	$2.6M	$588K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.029%: −$10.29
Slippage, 4 orders: −$64.77
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$91.06
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago	6.60 bp	21.1 bp −$21	74.6 bp −$746	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	6.61 bp	17.1 bp −$17	49.5 bp −$495	218.1 bp −$21.8K	369.2 bp −$184.6K

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	−0.216%	$95K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1515	+0.042%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0011%	1h	0.1513	−0.092%	$26K	$2K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.066%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1519	+0.310%	$3.5M	$281K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1512	−0.106%	$3.6M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1511	−0.198%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1513	−0.040%	$947K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1511	−0.198%	$648K	$83K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1512	−0.132%	$2.6M	$588K	125x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1510	−0.264%	$375K	$159K	50x	as long as short
Bitget IMXUSDTlong	+0.0100%	4h	0.1514	long leg	$1.3M	$398K	75x
BingX IMX-USDT	+0.0100%	4h	0.1513	−0.066%	—	$2.9M	—	as long as short
Kraken Futures PF_IMXUSD	+0.1291%	1h	0.1517	+0.204%	$115K	$11K	20x	as long as short