Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.082%
Price spread now: BloFin against OKX−0.033%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1171.174% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.033%, 7d avg +0.007%
=Funding pays, the price is against you. BloFin is 0.040% cheaper against OKX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.159% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX IMX-USDT-SWAP | 0.1502 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $946K | $1.6M | 20x |
| Short | BloFin IMX-USDT | 0.1501 | 0.0340 | get 0.0170% / 4h | 2h 31m | $193K | $136K | 75x |
OKX IMX-USDT-SWAP
BloFin IMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.033% → +0.007%
- −$3.99
- Slippage, 4 orders
- −$95.42
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$71.01
- Costs to cover
- 1.174%
- Break-even
- 16.9 days
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 51 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, 1 min ago | 2.00 bp | 38.6 bp −$39 | 2404.2 bp −$24.0K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 13.34 bp | 24.4 bp −$24 | 54.9 bp −$549 | 303.5 bp −$30.4K | 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 | 0.1504 | +0.195% | $6K | — | 150x | as long as short |
| dYdX IMX-USD | +0.0003% | 1h | 0.1502 | +0.029% | $26K | $59 | 5x | as long as short |
| Injective IMX/USDC PERP | +0.0033% | 1h | 0.1515 | +0.899% | $559 | $28K | 5.5x | as long as short |
| Hyperliquid IMX | +0.0100% | 1h | 0.1506 | +0.326% | $3.4M | $288K | 5x | as long as short |
| Binance IMXUSDT | +0.0100% | 4h | 0.1503 | +0.100% | $3.7M | $6.0M | 75x | as long as short |
| Bybit IMXUSDT | +0.0100% | 4h | 0.1501 | −0.020% | $3.9M | $2.2M | 75x | as long as short |
| OKX IMX-USDT-SWAPlong | +0.0100% | 4h | 0.1502 | long leg | $946K | $1.6M | 20x | |
| Gate IMX_USDT | +0.0100% | 4h | 0.1501 | −0.033% | $648K | $142K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1501 | −0.033% | $2.6M | $548K | 125x | as long as short |
| KuCoin IMXUSDTM | +0.0100% | 4h | 0.1503 | +0.100% | $393K | $122K | 50x | as long as short |
gTrade (Gains Network) IMX/USD
dYdX IMX-USD
Injective IMX/USDC PERP
Hyperliquid IMX
Binance IMXUSDT
Bybit IMXUSDT
Gate IMX_USDT
MEXC IMX_USDT
KuCoin IMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget IMXUSDT | +0.0100% | 4h | 0.1502 | +0.033% | $1.3M | $415K | 75x | as long as short |
| BingX IMX-USDT | +0.0100% | 4h | 0.1501 | −0.033% | — | $2.6M | — | as long as short |
| Variational Omni IMX | +0.0100% | 4h | 0.1499 | −0.170% | $94K | $132K | — | as long as short |
| BloFin IMX-USDTshort | +0.0340% | 4h | 0.1501 | −0.033% | $193K | $136K | 75x | |
| Kraken Futures PF_IMXUSD | +0.1087% | 1h | 0.1505 | +0.229% | $114K | $22K | 20x | as long as short |
Bitget IMXUSDT
BingX IMX-USDT
Variational Omni IMX
Kraken Futures PF_IMXUSD