IMX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Bybit against BloFin+0.060%362s7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1101.103% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.060%, 7d avg −0.082%

Together, before fees−0.257%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.142% dearer against BloFin than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.082%): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.129% in total) that is about 7.7 days. The two prices were read 362 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1507	0.0340	pay 0.0170% / 4h	2h 43m	$191K	$132K	75x
Short	Bybit IMXUSDT	0.1508	0.0100	get 0.0050% / 4h	2h 43m	$3.8M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee BybitbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$50.4
Price spread: +0.060% → −0.082%: $14.15
Slippage, 4 orders: −$87.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$146.57
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from BloFin: live order book, 16 min ago; Bybit: live order book, 4 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 BloFin live order book, 16 min ago	6.62 bp	25.4 bp −$25	53.1 bp −$531	361.4 bp −$36.1K	doesn't fit
Sell Bybit live order book, 4 min ago	6.65 bp	29.2 bp −$29	83.8 bp −$838	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
Variational Omni IMX	−0.0115%	4h	0.1504	−0.181%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1512	+0.319%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.531%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0036%	1h	0.1512	+0.316%	$26K	$1K	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1516	+0.571%	$3.5M	$285K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1509	+0.105%	$3.6M	$5.8M	75x	as long as short
Bybit IMXUSDTshort	+0.0100%	4h	0.1508	+0.060%	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1507	−0.033%	$950K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1507	0.000%	$646K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1511	+0.265%	$2.8M	$562K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	+0.066%	$378K	$157K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1511	+0.265%	$1.3M	$405K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1511	+0.265%	—	$2.9M	—	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1507	long leg	$191K	$132K	75x
Kraken Futures PF_IMXUSD	+0.1294%	1h	0.1514	+0.431%	$115K	$11K	20x	as long as short