Funding arb · Price arb /

IMX

all IMX markets

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 0.000%

Price spread now: Binance against Bybit+0.023%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1151.155% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.085%+$8 · spread now +0.023%, 7d avg +0.067%

Together, before fees+0.033%+$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: Binance is 0.044% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1500	0.0100	pay 0.0050% / 4h	2h 39m	$3.8M	$2.2M	75x
Short	Binance IMXUSDT	0.1500	0.0100	get 0.0050% / 4h	2h 39m	$3.7M	$6.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.067%: −$4.38
Slippage, 4 orders: −$94.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$119.84
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 14 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 Bybit live order book, 3 min ago	6.68 bp	33.8 bp −$34	84.4 bp −$844	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	6.69 bp	27.3 bp −$27	78.5 bp −$785	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	+0.193%	$6K	—	150x	as long as short
dYdX IMX-USD	+0.0004%	1h	0.1502	+0.123%	$26K	$59	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.993%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1504	+0.227%	$3.4M	$288K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1500	+0.023%	$3.7M	$6.0M	75x
Bybit IMXUSDTlong	+0.0100%	4h	0.1500	long leg	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1499	−0.067%	$945K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1501	+0.060%	$648K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1500	−0.007%	$2.6M	$546K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1503	+0.193%	$387K	$120K	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	0.1503	+0.193%	$1.3M	$414K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1500	−0.007%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1500	−0.006%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1496	−0.273%	$194K	$136K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1085%	1h	0.1507	+0.487%	$114K	$22K	20x	as long as short