Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: BingX against BloFin−0.133%51s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1141.138% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.133%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.138% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin IMX-USDT | 0.1504 | 0.0340 | pay 0.0170% / 4h | 1h 52m | $192K | $147K | 75x |
| Short | BingX IMX-USDT | 0.1502 | 0.0100 | get 0.0050% / 4h | 1h 52m | — | $2.9M | — |
BloFin IMX-USDT
BingX IMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: −0.133% → +0.005%
- −$13.79
- Slippage, 4 orders
- −$91.76
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$177.94
- Costs to cover
- 1.138%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 22 min ago; BingX: live order book, 12 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 BloFin live order book, 22 min ago | 3.32 bp | 22.3 bp −$22 | 44.5 bp −$445 | 362.1 bp −$36.2K | doesn't fit |
| Sell BingX live order book, 12 min ago | 13.33 bp | 30.4 bp −$30 | 60.8 bp −$608 | 365.9 bp −$36.6K | 1027.0 bp −$513.5K |
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 | 0.1502 | −0.156% | $6K | — | 150x | as long as short |
| Injective IMX/USDC PERP | +0.0033% | 1h | 0.1515 | +0.731% | $559 | $28K | 5.5x | as long as short |
| Kraken Futures PF_IMXUSD | +0.0040% | 1h | 0.1507 | +0.181% | $114K | $22K | 20x | as long as short |
| Hyperliquid IMX | +0.0100% | 1h | 0.1505 | +0.033% | $3.4M | $278K | 5x | as long as short |
| Binance IMXUSDT | +0.0100% | 4h | 0.1499 | −0.304% | $3.7M | $5.9M | 75x | as long as short |
| Bybit IMXUSDT | +0.0100% | 4h | 0.1499 | −0.332% | $3.8M | $2.2M | 75x | as long as short |
| OKX IMX-USDT-SWAP | +0.0100% | 4h | 0.1499 | −0.312% | $942K | $1.7M | 20x | as long as short |
| Gate IMX_USDT | +0.0100% | 4h | 0.1501 | −0.199% | $648K | $140K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1502 | −0.133% | $2.6M | $550K | 125x | as long as short |
| KuCoin IMXUSDTM | +0.0100% | 4h | 0.1502 | −0.133% | $391K | $121K | 50x | as long as short |
gTrade (Gains Network) IMX/USD
Injective IMX/USDC PERP
Kraken Futures PF_IMXUSD
Hyperliquid IMX
Binance IMXUSDT
Bybit IMXUSDT
OKX IMX-USDT-SWAP
Gate IMX_USDT
MEXC IMX_USDT
KuCoin IMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget IMXUSDT | +0.0100% | 4h | 0.1500 | −0.266% | $1.3M | $415K | 75x | as long as short |
| BingX IMX-USDTshort | +0.0100% | 4h | 0.1502 | −0.133% | — | $2.9M | — | |
| Variational Omni IMX | +0.0100% | 4h | 0.1503 | −0.042% | $94K | $131K | — | as long as short |
| BloFin IMX-USDTlong | +0.0340% | 4h | 0.1504 | long leg | $192K | $147K | 75x | |
| dYdX IMX-USD | +0.3096% | 1h | 0.1501 | −0.209% | $26K | $59 | 5x | as long as short |
Bitget IMXUSDT
Variational Omni IMX
dYdX IMX-USD