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 +0.010%

Price spread now: Binance against OKX+0.087%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1141.145% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.087%, 7d avg +0.002%

Together, before fees−0.087%−$9 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 0.085% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1496	0.0100	pay 0.0050% / 4h	2h 49m	$944K	$1.6M	20x
Short	Binance IMXUSDT	0.1497	0.0100	get 0.0050% / 4h	2h 49m	$3.7M	$6.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.002%: $8.46
Slippage, 4 orders: −$94.49
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.03
Costs to cover: 1.145%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: 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 OKX live order book, 2 min ago	2.01 bp	30.6 bp −$31	2091.5 bp −$20.9K	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	6.69 bp	27.3 bp −$27	78.5 bp −$785	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	0.1498	+0.154%	$6K	—	150x	as long as short
dYdX IMX-USD	0.0000%	1h	0.1497	+0.087%	$26K	$59	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.290%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1500	+0.274%	$3.4M	$287K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1497	+0.087%	$3.7M	$6.0M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1495	−0.047%	$3.8M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1496	long leg	$944K	$1.6M	20x
Gate IMX_USDT	+0.0100%	4h	0.1495	−0.047%	$646K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1497	+0.087%	$2.6M	$545K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1498	+0.154%	$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	0.1497	+0.087%	$1.3M	$414K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1497	+0.087%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1493	−0.213%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1496	+0.020%	$193K	$136K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1090%	1h	0.1500	+0.267%	$114K	$22K	20x	as long as short