Funding arb · Price arb /

IMX

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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: Bitget against OKX−0.093%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1251.247% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.093%, 7d avg +0.030%

Together, before fees+0.196%+$20 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 0.123% cheaper against OKX than usual: you would sell low and buy high, −$12 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	OKX IMX-USDT-SWAP	0.1509	0.0100	pay 0.0050% / 4h	58m 38s	$954K	$1.7M	20x
Short	Bitget IMXUSDT	0.1508	0.0100	get 0.0050% / 4h	58m 38s	$1.3M	$414K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.030%: −$12.31
Slippage, 4 orders: −$102.74
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$137.05
Costs to cover: 1.247%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 3 min ago	1.66 bp	30.3 bp −$30	2260.1 bp −$22.6K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.32 bp	31.9 bp −$32	84.0 bp −$840	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	0.1509	−0.044%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.371%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1513	+0.225%	$3.5M	$295K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1508	−0.093%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1507	−0.126%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1509	long leg	$954K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1505	−0.292%	$650K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1509	−0.027%	$2.8M	$566K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1509	−0.027%	$401K	$124K	50x	as long as short
Bitget IMXUSDTshort	+0.0100%	4h	0.1508	−0.093%	$1.3M	$414K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1509	−0.027%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1502	−0.504%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1508	−0.093%	$190K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1336%	1h	0.1513	+0.224%	$115K	$18K	20x	as long as short
dYdX IMX-USD	+0.3263%	1h	0.1501	−0.537%	$26K	$59	5x	as long as short