Funding arb · Price arb /

IMX

all IMX markets

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 MEXC−0.067%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.067%, 7d avg −0.005%

Together, before fees+0.074%+$7 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 0.062% cheaper against MEXC than usual: you would sell low and buy high, −$6 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	0.1486	0.0100	pay 0.0050% / 4h	1h 39m	$2.4M	$603K	125x
Short	BingX IMX-USDT	0.1485	0.0100	get 0.0050% / 4h	1h 39m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.005%: −$6.19
Slippage, 4 orders: −$47.78
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$67.97
Costs to cover: 0.618%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 1 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, 2 min ago	3.36 bp	8.5 bp −$9	33.3 bp −$333	198.0 bp −$19.8K	doesn't fit
Sell BingX live order book, 1 min ago	6.73 bp	23.8 bp −$24	55.8 bp −$558	349.9 bp −$35.0K	969.5 bp −$484.7K

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	−0.0068%	4h	0.1484	−0.118%	$93K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1488	+0.115%	$26K	$4K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1487	+0.043%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.952%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1490	+0.303%	$3.4M	$325K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1486	+0.009%	$3.5M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1483	−0.195%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1486	+0.013%	$933K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1486	0.000%	$635K	$75K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1486	long leg	$2.4M	$603K	125x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1485	−0.067%	$362K	$187K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1487	+0.067%	$1.3M	$410K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1485	−0.067%	—	$2.8M	—
BloFin IMX-USDT	+0.0340%	4h	0.1486	0.000%	$184K	$128K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3084%	1h	0.1492	+0.403%	$113K	$10K	20x	as long as short