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: MEXC against OKX+0.026%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$890.891% of the position

Long on OKX Short on MEXC

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)−0.063%−$6 · spread now +0.026%, 7d avg +0.002%

Together, before fees−0.055%−$6 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: MEXC is 0.024% dearer against OKX than usual: you sell high and buy low, +$2 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	0.1512	0.0100	pay 0.0050% / 4h	0m 04s	$957K	$1.7M	20x
Short	MEXC IMX_USDT	0.1512	0.0100	get 0.0050% / 4h	0m 04s	$2.8M	$570K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.002%: $2.44
Slippage, 4 orders: −$75.09
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$86.66
Costs to cover: 0.891%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 2 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	0.66 bp	28.5 bp −$28	2253.6 bp −$22.5K	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	6.63 bp	11.4 bp −$11	36.8 bp −$368	207.4 bp −$20.7K	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	0.1513	+0.081%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.225%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1512	+0.015%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1511	−0.013%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1512	long leg	$957K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1510	−0.106%	$651K	$141K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1512	+0.026%	$2.8M	$570K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1511	−0.040%	$395K	$129K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1512	+0.026%	$1.3M	$395K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1513	+0.093%	—	$2.9M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IMX	+0.0100%	4h	0.1508	−0.252%	$94K	$131K	—	as long as short
Hyperliquid IMX	+0.0167%	1h	0.1518	+0.397%	$3.5M	$287K	5x	as long as short
dYdX IMX-USD	+0.0198%	1h	0.1507	−0.298%	$26K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1507	−0.304%	$190K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1333%	1h	0.1517	+0.339%	$115K	$11K	20x	as long as short