Funding arb · Price arb /

IMX

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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 −0.010%

Price spread now: OKX against Bitget−0.073%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1371.365% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.073%, 7d avg −0.030%

Together, before fees−0.030%−$3 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: OKX is 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1502	0.0100	pay 0.0050% / 4h	1h 39m	$1.3M	$415K	75x
Short	OKX IMX-USDT-SWAP	0.1501	0.0100	get 0.0050% / 4h	1h 39m	$943K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.030%: −$4.29
Slippage, 4 orders: −$114.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$140.84
Costs to cover: 1.365%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 2 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	3.33 bp	27.0 bp −$27	77.4 bp −$774	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.00 bp	32.5 bp −$33	doesn't fit	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 −0.0002% / S +0.0004%	1h	0.1503	+0.048%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.866%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1508	+0.390%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1506	+0.273%	$3.4M	$281K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1501	−0.066%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1500	−0.107%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1501	−0.073%	$943K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1501	−0.067%	$648K	$140K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1503	+0.067%	$2.6M	$550K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1503	+0.067%	$392K	$121K	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	0.1502	long leg	$1.3M	$415K	75x
BingX IMX-USDT	+0.0100%	4h	0.1502	0.000%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1500	−0.111%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1502	0.000%	$191K	$147K	75x	as long as short
dYdX IMX-USD	+0.4940%	1h	0.1502	−0.007%	$26K	$59	5x	as long as short