Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.032%

Price spread now: Injective against BloFin+1.474%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.474% dearer against BloFin than usual: you sell high and buy low (spread +1.474% now, against zero (this spread has no 7-day history yet)): +$147 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1493	0.0340	pay 0.0170% / 4h	1h 22m	$191K	$146K	75x
Short	Injective IMX/USDC PERP	0.1515	0.0033	get 0.0004% / 1h	22m 41s	$559	$28K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +1.474%Rate

Funding earned: −$64.4
Price spread: +1.474% → 0.000%: $147.35
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $70.93
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 52 min ago; Injective: no order-book sample. Net counts fees only.

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, 52 min ago	3.32 bp	22.3 bp −$22	44.5 bp −$445	362.1 bp −$36.2K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1498	+0.317%	$6K	—	150x	as long as short
Injective IMX/USDC PERPshort	+0.0033%	1h	0.1515	+1.474%	$559	$28K	5.5x
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1500	+0.467%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1502	+0.576%	$3.4M	$279K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1497	+0.268%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1496	+0.201%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	+0.234%	$939K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1496	+0.201%	$646K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1496	+0.201%	$2.8M	$578K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1498	+0.335%	$396K	$124K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1498	+0.335%	$1.3M	$417K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1496	+0.201%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1493	−0.012%	$94K	$131K	—	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1493	long leg	$191K	$146K	75x
dYdX IMX-USD	+0.2829%	1h	0.1499	+0.389%	$26K	$59	5x	as long as short