Funding arb · Price arb /

IMX

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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: MEXC against Bitget−0.197%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on Bitget Short on MEXC

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+0.186%+$19 · spread now −0.197%, 7d avg −0.030%

Together, before fees+0.152%+$15 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 0.168% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1519	0.0100	pay 0.0050% / 4h	1h 11m	$1.3M	$399K	75x
Short	MEXC IMX_USDT	0.1516	0.0100	get 0.0050% / 4h	1h 11m	$2.6M	$585K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.197%Rate

Funding earned: $0
Price spread: −0.197% → −0.030%: −$16.79
Slippage, 4 orders: −$66.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$99.57
Costs to cover: 0.828%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: 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 Bitget live order book, 5 min ago	3.29 bp	27.5 bp −$28	85.9 bp −$859	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.30 bp	5.3 bp −$5	30.0 bp −$300	204.0 bp −$20.4K	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
Variational Omni IMX	−0.0575%	4h	0.1519	−0.019%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1518	−0.086%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1519	−0.025%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.263%	$559	$28K	5.5x	as long as short
OKX IMX-USDT-SWAP	+0.0035%	4h	0.1518	−0.092%	$950K	$1.6M	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1521	+0.125%	$3.5M	$280K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1517	−0.132%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1515	−0.263%	$3.8M	$2.2M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1517	−0.132%	$650K	$82K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1516	−0.197%	$2.6M	$585K	125x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1515	−0.263%	$377K	$159K	50x	as long as short
Bitget IMXUSDTlong	+0.0100%	4h	0.1519	long leg	$1.3M	$399K	75x
BingX IMX-USDT	+0.0100%	4h	0.1515	−0.263%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1518	−0.066%	$190K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.0711%	1h	0.1521	+0.118%	$115K	$10K	20x	as long as short