Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit0.000%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.014%+$1 · spread now 0.000%, 7d avg +0.066%

Together, before fees+0.014%+$1 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: BingX is 0.066% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1480	0.0100	pay 0.0050% / 4h	2h 41m	$3.8M	$2.1M	75x
Short	BingX IMX-USDT	0.1480	0.0100	get 0.0050% / 4h	2h 41m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.066%: −$6.6
Slippage, 4 orders: −$85.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$112.9
Costs to cover: 1.063%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: 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 Bybit live order book, 1 min ago	3.38 bp	32.3 bp −$32	83.8 bp −$838	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	10.10 bp	27.6 bp −$28	56.3 bp −$563	297.4 bp −$29.7K	911.7 bp −$455.8K

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	−0.0201%	4h	0.1483	+0.219%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1484	+0.249%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0024%	1h	0.1483	+0.203%	$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	0.1486	+0.405%	$3.4M	$316K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1482	+0.141%	$3.5M	$5.8M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1480	long leg	$3.8M	$2.1M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1482	+0.108%	$929K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1481	+0.068%	$633K	$76K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1482	+0.135%	$2.5M	$587K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1483	+0.203%	$373K	$165K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1485	+0.338%	$1.3M	$401K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1480	0.000%	—	$2.9M	—
BloFin IMX-USDT	+0.0340%	4h	0.1483	+0.203%	$183K	$123K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2056%	1h	0.1488	+0.541%	$113K	$10K	20x	as long as short