Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.145%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1081.083% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.145%, 7d avg −0.066%

Together, before fees+0.071%+$7 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: Bybit is 0.078% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1527	0.0100	pay 0.0050% / 4h	3h 07m	$3.7M	$5.8M	75x
Short	Bybit IMXUSDT	0.1525	0.0100	get 0.0050% / 4h	3h 07m	$3.9M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.066%: −$7.85
Slippage, 4 orders: −$87.33
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$116.18
Costs to cover: 1.083%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Bybit: live order book, 5 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 Binance live order book, 1 min ago	6.55 bp	18.9 bp −$19	71.8 bp −$718	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.28 bp	30.4 bp −$30	85.9 bp −$859	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 +0.0001% / S +0.0004%	1h	0.1529	+0.095%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0031%	1h	0.1528	+0.052%	$27K	$72	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.800%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1532	+0.287%	$3.5M	$283K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1527	long leg	$3.7M	$5.8M	75x
Bybit IMXUSDTshort	+0.0100%	4h	0.1525	−0.145%	$3.9M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1527	+0.019%	$967K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1526	−0.079%	$655K	$83K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1527	−0.014%	$2.8M	$565K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1527	−0.014%	$396K	$128K	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	0.1528	+0.052%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1528	+0.052%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1520	−0.456%	$95K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1524	−0.210%	$192K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1213%	1h	0.1530	+0.174%	$116K	$11K	20x	as long as short