Funding arb · Price arb /

IMX

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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: Bitget against MEXC+0.198%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$870.874% of the position

Long on MEXC Short on Bitget

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−0.050%−$5 · spread now +0.198%, 7d avg +0.030%

Together, before fees−0.016%−$2 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 0.168% dearer against MEXC than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1517	0.0100	pay 0.0050% / 4h	3h 18m	$2.8M	$564K	125x
Short	Bitget IMXUSDT	0.1520	0.0100	get 0.0050% / 4h	3h 18m	$1.3M	$386K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.198%Rate

Funding earned: $0
Price spread: +0.198% → +0.030%: $16.8
Slippage, 4 orders: −$71.39
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.59
Costs to cover: 0.874%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	6.61 bp	16.8 bp −$17	39.2 bp −$392	199.6 bp −$20.0K	doesn't fit
Sell Bitget live order book, 3 min ago	3.30 bp	34.2 bp −$34	86.6 bp −$866	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	0.1522	+0.307%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0028%	1h	0.1521	+0.248%	$27K	$72	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.132%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1521	+0.290%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1516	−0.037%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1516	−0.086%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1516	−0.086%	$962K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1518	+0.066%	$654K	$80K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1517	long leg	$2.8M	$564K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1519	+0.132%	$397K	$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 IMXUSDTshort	+0.0100%	4h	0.1520	+0.198%	$1.3M	$386K	75x
BingX IMX-USDT	+0.0100%	4h	0.1517	0.000%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1512	−0.346%	$95K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1519	+0.132%	$192K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1218%	1h	0.1523	+0.390%	$116K	$11K	20x	as long as short