Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: Bybit against BloFin−0.318%82s7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as 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−$970.973% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.318%, 7d avg −0.081%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.237% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.081%). Swap the legs. The two prices were read 82 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 -0.144% in total (about -7.5% 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 | 0.1480 | 0.0340 | pay 0.0170% / 4h | 2h 39m | $183K | $123K | 75x |
| Short | Bybit IMXUSDT | 0.1475 | 0.0100 | get 0.0050% / 4h | 2h 39m | $3.8M | $2.2M | 75x |
BloFin IMX-USDT
Bybit IMXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.318% → −0.081%
- −$23.67
- Slippage, 4 orders
- −$74.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$171.41
- Costs to cover
- 0.973%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 40 min ago; Bybit: live order book, 3 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, 40 min ago | 6.68 bp | 22.1 bp −$22 | 55.0 bp −$550 | 392.5 bp −$39.3K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.38 bp | 20.1 bp −$20 | 57.8 bp −$578 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IMX | −0.0181% | 4h | 0.1479 | −0.084% | $93K | $131K | — | as long as short |
| gTrade (Gains Network) IMX/USD | L +0.0001% / S +0.0004% | 1h | 0.1478 | −0.135% | $2K | — | 150x | as long as short |
| dYdX IMX-USD | +0.0021% | 1h | 0.1479 | −0.084% | $26K | $4K | 5x | as long as short |
| Injective IMX/USDC PERP | +0.0033% | 1h | 0.1515 | +2.365% | $559 | $28K | 5.5x | as long as short |
| Hyperliquid IMX | +0.0100% | 1h | 0.1481 | +0.074% | $3.4M | $324K | 5x | as long as short |
| Binance IMXUSDT | +0.0100% | 4h | 0.1477 | −0.203% | $3.5M | $5.8M | 75x | as long as short |
| Bybit IMXUSDTshort | +0.0100% | 4h | 0.1475 | −0.318% | $3.8M | $2.2M | 75x | |
| OKX IMX-USDT-SWAP | +0.0100% | 4h | 0.1478 | −0.155% | $926K | $1.5M | 20x | as long as short |
| Gate IMX_USDT | +0.0100% | 4h | 0.1476 | −0.270% | $631K | $76K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1477 | −0.203% | $2.5M | $589K | 125x | as long as short |
Variational Omni IMX
gTrade (Gains Network) IMX/USD
dYdX IMX-USD
Injective IMX/USDC PERP
Hyperliquid IMX
Binance IMXUSDT
OKX IMX-USDT-SWAP
Gate IMX_USDT
MEXC IMX_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin IMXUSDTM | +0.0100% | 4h | 0.1477 | −0.203% | $372K | $165K | 50x | as long as short |
| Bitget IMXUSDT | +0.0100% | 4h | 0.1478 | −0.135% | $1.3M | $408K | 75x | as long as short |
| BingX IMX-USDT | +0.0100% | 4h | 0.1475 | −0.338% | — | $2.9M | — | as long as short |
| BloFin IMX-USDTlong | +0.0340% | 4h | 0.1480 | long leg | $183K | $123K | 75x | |
| Kraken Futures PF_IMXUSD | +0.2063% | 1h | 0.1483 | +0.194% | $113K | $10K | 20x | as long as short |
KuCoin IMXUSDTM
Bitget IMXUSDT
BingX IMX-USDT
Kraken Futures PF_IMXUSD