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 −0.010%

Price spread now: OKX against MEXC−0.026%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1091.091% of the position

Long on MEXC Short on OKX

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)+0.033%+$3 · spread now −0.026%, 7d avg −0.001%

Together, before fees+0.019%+$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: OKX is 0.025% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.001%.

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	2h 26m	$2.8M	$563K	125x
Short	OKX IMX-USDT-SWAP	0.1517	0.0100	get 0.0050% / 4h	2h 26m	$952K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.001%: −$2.53
Slippage, 4 orders: −$95.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$111.67
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: 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, 1 min ago	6.60 bp	16.4 bp −$16	39.1 bp −$391	202.9 bp −$20.3K	doesn't fit
Sell OKX live order book, 1 min ago	2.31 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit

IMX on 14 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	−0.0219%	4h	0.1515	−0.148%	$95K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1518	+0.063%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0017%	1h	0.1514	−0.185%	$26K	$1K	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	0.1522	+0.343%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1516	−0.034%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1516	−0.066%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1517	−0.026%	$952K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1514	−0.198%	$649K	$83K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1517	long leg	$2.8M	$563K	125x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1513	−0.264%	$377K	$158K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1518	+0.066%	$1.3M	$399K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1516	−0.066%	—	$2.9M	—	as long as short
Kraken Futures PF_IMXUSD	+0.1288%	1h	0.1522	+0.303%	$115K	$11K	20x	as long as short