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: Binance against MEXC−0.025%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.025%+$2 · spread now −0.025%, 7d avg −0.005%

Together, before fees+0.025%+$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 0.020% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1524	0.0100	pay 0.0050% / 4h	3h 16m	$2.8M	$564K	125x
Short	Binance IMXUSDT	0.1524	0.0100	get 0.0050% / 4h	3h 16m	$3.7M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.005%: −$2.04
Slippage, 4 orders: −$54.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.19
Costs to cover: 0.682%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Binance: live order book, 7 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 MEXC live order book, 1 min ago	3.29 bp	12.3 bp −$12	33.7 bp −$337	203.3 bp −$20.3K	doesn't fit
Sell Binance live order book, 7 min ago	3.30 bp	21.4 bp −$21	68.3 bp −$683	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 +0.0001% / S +0.0004%	1h	0.1525	+0.042%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0026%	1h	0.1520	−0.262%	$27K	$72	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.591%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1527	+0.177%	$3.5M	$283K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1524	−0.025%	$3.7M	$5.8M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1521	−0.197%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1521	−0.177%	$964K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1519	−0.328%	$655K	$80K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1524	long leg	$2.8M	$564K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1523	−0.066%	$398K	$129K	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	0.000%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1521	−0.197%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1520	−0.245%	$95K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1519	−0.328%	$192K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1213%	1h	0.1529	+0.335%	$116K	$11K	20x	as long as short