Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.082%
Price spread now: OKX against BloFin−0.113%113s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as 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−$1181.181% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.113%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.110% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 113 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 -0.159% in total (about -8.3% 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 | 0.1498 | 0.0340 | pay 0.0170% / 4h | 1h 33m | $191K | $147K | 75x |
| Short | OKX IMX-USDT-SWAP | 0.1496 | 0.0100 | get 0.0050% / 4h | 1h 33m | $940K | $1.7M | 20x |
BloFin IMX-USDT
OKX IMX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.113% → −0.004%
- −$10.98
- Slippage, 4 orders
- −$96.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$179.45
- Costs to cover
- 1.181%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 41 min ago; OKX: 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, 41 min ago | 3.32 bp | 22.3 bp −$22 | 44.5 bp −$445 | 362.1 bp −$36.2K | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.67 bp | 29.5 bp −$29 | 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 | 0.1500 | +0.119% | $6K | — | 150x | as long as short |
| Injective IMX/USDC PERP | +0.0033% | 1h | 0.1515 | +1.135% | $559 | $28K | 5.5x | as long as short |
| Kraken Futures PF_IMXUSD | +0.0040% | 1h | 0.1502 | +0.263% | $114K | $22K | 20x | as long as short |
| Hyperliquid IMX | +0.0100% | 1h | 0.1502 | +0.260% | $3.4M | $279K | 5x | as long as short |
| Binance IMXUSDT | +0.0100% | 4h | 0.1497 | −0.050% | $3.6M | $5.9M | 75x | as long as short |
| Bybit IMXUSDT | +0.0100% | 4h | 0.1497 | −0.067% | $3.8M | $2.2M | 75x | as long as short |
| OKX IMX-USDT-SWAPshort | +0.0100% | 4h | 0.1496 | −0.113% | $940K | $1.7M | 20x | |
| Gate IMX_USDT | +0.0100% | 4h | 0.1497 | −0.067% | $646K | $141K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1498 | 0.000% | $2.8M | $573K | 125x | as long as short |
| KuCoin IMXUSDTM | +0.0100% | 4h | 0.1501 | +0.200% | $391K | $124K | 50x | as long as short |
gTrade (Gains Network) IMX/USD
Injective IMX/USDC PERP
Kraken Futures PF_IMXUSD
Hyperliquid IMX
Binance IMXUSDT
Bybit IMXUSDT
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 | 0.1499 | +0.067% | $1.3M | $415K | 75x | as long as short |
| BingX IMX-USDT | +0.0100% | 4h | 0.1498 | 0.000% | — | $2.9M | — | as long as short |
| Variational Omni IMX | +0.0100% | 4h | 0.1498 | +0.022% | $94K | $131K | — | as long as short |
| BloFin IMX-USDTlong | +0.0340% | 4h | 0.1498 | long leg | $191K | $147K | 75x | |
| dYdX IMX-USD | +0.4026% | 1h | 0.1499 | +0.067% | $26K | $59 | 5x | as long as short |
Bitget IMXUSDT
BingX IMX-USDT
Variational Omni IMX
dYdX IMX-USD