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 −0.010%

Price spread now: OKX against Bybit+0.142%7-day average +0.075% · 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−$109as in the Price arb table

costs, in and out, $10k−$1161.160% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.142%, 7d avg +0.075%

Together, before fees−0.139%−$14 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: OKX is 0.067% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1478	0.0100	pay 0.0050% / 4h	2h 37m	$3.8M	$2.2M	75x
Short	OKX IMX-USDT-SWAP	0.1480	0.0100	get 0.0050% / 4h	2h 37m	$927K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.075%: $6.72
Slippage, 4 orders: −$94.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$109.25
Costs to cover: 1.160%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago	3.38 bp	32.3 bp −$32	83.8 bp −$838	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.68 bp	29.1 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
Variational Omni IMX	−0.0181%	4h	0.1479	+0.038%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1479	+0.064%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0019%	1h	0.1479	+0.039%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.490%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1483	+0.352%	$3.4M	$323K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1481	+0.160%	$3.5M	$5.8M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1478	long leg	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1480	+0.142%	$927K	$1.6M	20x
Gate IMX_USDT	+0.0100%	4h	0.1476	−0.149%	$631K	$76K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1480	+0.122%	$2.4M	$601K	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	0.1478	−0.014%	$372K	$165K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1479	+0.054%	$1.3M	$408K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1479	+0.054%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1475	−0.216%	$184K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2060%	1h	0.1485	+0.488%	$113K	$10K	20x	as long as short