Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against MEXC−0.047%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$950.950% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.074%−$7 · spread now −0.047%, 7d avg −0.070%

Together, before fees−0.023%−$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: Bybit is 0.023% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1498	0.0100	pay 0.0050% / 4h	2h 48m	$2.6M	$545K	125x
Short	Bybit IMXUSDT	0.1497	0.0100	get 0.0050% / 4h	2h 48m	$3.8M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.070%: $2.32
Slippage, 4 orders: −$80.03
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$92.71
Costs to cover: 0.950%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: 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 MEXC live order book, 4 min ago	6.69 bp	17.9 bp −$18	46.1 bp −$461	202.0 bp −$20.2K	doesn't fit
Sell Bybit live order book, 4 min ago	3.35 bp	29.6 bp −$30	85.5 bp −$855	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 −0.0002% / S +0.0004%	1h	0.1501	+0.197%	$6K	—	150x	as long as short
dYdX IMX-USD	0.0000%	1h	0.1497	−0.067%	$26K	$59	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.135%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1502	+0.287%	$3.4M	$287K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1499	+0.067%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDTshort	+0.0100%	4h	0.1497	−0.047%	$3.8M	$2.1M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1499	+0.067%	$946K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1498	0.000%	$647K	$142K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1498	long leg	$2.6M	$545K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1500	+0.134%	$386K	$121K	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	0.1500	+0.134%	$1.3M	$414K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1500	+0.134%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1493	−0.367%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1492	−0.401%	$193K	$135K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1087%	1h	0.1504	+0.391%	$114K	$22K	20x	as long as short