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 +0.005%

Price spread now: BingX against Variational Omni+0.271%7-day average +0.118% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.381%−$38 · spread now +0.271%, 7d avg +0.118%

Together, before fees−0.352%+ Points / potential airdropVariational Omni: Active · farm board−$35 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: BingX is 0.153% dearer against Variational Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IMX	0.1500	0.0100	pay 0.0050% / 4h	1h 56m	$94K	$131K	—
Short	BingX IMX-USDT	0.1504	0.0100	get 0.0050% / 4h	1h 56m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.271%Rate

Funding earned: $0
Price spread: +0.271% → +0.118%: $15.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $5.34
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 27 min ago; BingX: live order book, 8 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 27 min ago	13.26 bp	doesn't fit	86.2 bp −$862	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	13.33 bp	30.4 bp −$30	60.8 bp −$608	365.9 bp −$36.6K	1027.0 bp −$513.5K

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	+0.299%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.005%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1506	+0.379%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1509	+0.605%	$3.5M	$279K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1505	+0.338%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1503	+0.205%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1504	+0.298%	$945K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1501	+0.071%	$648K	$140K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1505	+0.338%	$2.6M	$549K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1506	+0.405%	$394K	$122K	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	0.1505	+0.338%	$1.3M	$415K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1504	+0.271%	—	$2.9M	—
Variational Omni IMXlong	+0.0100%	4h	0.1500	long leg	$94K	$131K	—
BloFin IMX-USDT	+0.0340%	4h	0.1501	+0.071%	$193K	$146K	75x	as long as short
dYdX IMX-USD	+0.3390%	1h	0.1506	+0.402%	$26K	$59	5x	as long as short