Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against BingX−0.040%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1251.250% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.040%, 7d avg +0.009%

Together, before fees+0.032%+$3 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: OKX is 0.049% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1492	0.0100	pay 0.0050% / 4h	1h 08m	—	$4.3M	—
Short	OKX IMX-USDT-SWAP	0.1491	0.0100	get 0.0050% / 4h	1h 08m	$931K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BingX. 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 BingXbpFee OKXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.009%: −$4.87
Slippage, 4 orders: −$104.98
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$129.85
Costs to cover: 1.250%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; OKX: live order book, 1 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 BingX live order book, 5 min ago	6.70 bp	23.0 bp −$23	59.8 bp −$598	441.5 bp −$44.1K	942.1 bp −$471.1K
Sell OKX live order book, 1 min ago	1.34 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit

IMX on 15 exchanges

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	0.1494	+0.160%	$6K	—	150x	as long as short
Variational Omni IMX	+0.0031%	4h	0.1490	−0.125%	$93K	$98K	—	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.542%	$559	$27K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1491	−0.040%	$3.5M	$4.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1491	−0.074%	$3.8M	$1.9M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1491	−0.040%	$931K	$1.3M	20x
Gate IMX_USDT	+0.0100%	4h	0.1494	+0.134%	$639K	$60K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1493	+0.067%	$2.5M	$577K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1493	+0.067%	$345K	$179K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1493	+0.067%	$1.3M	$270K	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDTlong	+0.0100%	4h	0.1492	long leg	—	$4.3M	—
dYdX IMX-USD	+0.0188%	1h	0.1495	+0.176%	$33K	$18K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	+0.134%	$182K	$150K	75x	as long as short
Hyperliquid IMX	+0.0443%	1h	0.1497	+0.335%	$3.4M	$245K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1951%	1h	0.1495	+0.223%	$113K	$4K	20x	as long as short