Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate0.000%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2302.305% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.309%+$31 · spread now 0.000%, 7d avg +0.077%

Together, before fees+0.323%+$32 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 0.077% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1521	0.0100	pay 0.0050% / 4h	1h 19m	$652K	$82K	50x
Short	BingX IMX-USDT	0.1521	0.0100	get 0.0050% / 4h	1h 19m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.077%: −$7.7
Slippage, 4 orders: −$205.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$238.19
Costs to cover: 2.305%
Break-even: never at this rate

Slippage from Gate: live order book, 42 min ago; BingX: 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 Gate live order book, 42 min ago	6.61 bp	87.7 bp −$88	260.6 bp −$2,606	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	6.60 bp	24.1 bp −$24	54.3 bp −$543	366.1 bp −$36.6K	1068.6 bp −$534.3K

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	−0.0569%	4h	0.1520	−0.084%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1524	+0.177%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1524	+0.172%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.394%	$559	$28K	5.5x	as long as short
OKX IMX-USDT-SWAP	+0.0085%	4h	0.1522	+0.033%	$952K	$1.6M	20x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1521	0.000%	$3.7M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1520	−0.085%	$3.9M	$2.2M	75x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1521	long leg	$652K	$82K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1520	−0.066%	$2.6M	$585K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1520	−0.066%	$378K	$159K	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	0.1524	+0.197%	$1.3M	$400K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1521	0.000%	—	$2.9M	—
Hyperliquid IMX	+0.0199%	1h	0.1525	+0.243%	$3.5M	$279K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1522	+0.066%	$191K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.0709%	1h	0.1524	+0.209%	$116K	$10K	20x	as long as short