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: Bitget against Bybit+0.133%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1331.335% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.055%+$6 · spread now +0.133%, 7d avg +0.100%

Together, before fees+0.055%+$6 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: Bitget is 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1502	0.0100	pay 0.0050% / 4h	11m 51s	$3.8M	$2.2M	75x
Short	Bitget IMXUSDT	0.1504	0.0100	get 0.0050% / 4h	11m 51s	$1.3M	$414K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.100%: $3.28
Slippage, 4 orders: −$110.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$130.2
Costs to cover: 1.335%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Bitget: live order book, 5 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, 6 min ago	3.33 bp	34.7 bp −$35	156.8 bp −$1,568	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.32 bp	40.7 bp −$41	84.9 bp −$849	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	0.1506	+0.248%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.866%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1503	+0.069%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1502	long leg	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1503	+0.093%	$951K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1502	0.000%	$648K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1504	+0.133%	$2.8M	$569K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1505	+0.200%	$394K	$129K	50x	as long as short
Bitget IMXUSDTshort	+0.0100%	4h	0.1504	+0.133%	$1.3M	$414K	75x
BingX IMX-USDT	+0.0100%	4h	0.1504	+0.133%	—	$2.9M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IMX	+0.0100%	4h	0.1502	+0.019%	$94K	$131K	—	as long as short
Hyperliquid IMX	+0.0115%	1h	0.1509	+0.466%	$3.5M	$290K	5x	as long as short
dYdX IMX-USD	+0.0164%	1h	0.1505	+0.200%	$26K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1504	+0.133%	$191K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1342%	1h	0.1507	+0.313%	$114K	$11K	20x	as long as short