Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.032%

Price spread now: Injective against BloFin+1.270%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.270% dearer against BloFin than usual: you sell high and buy low (spread +1.270% now, against zero (this spread has no 7-day history yet)): +$127 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1496	0.0340	pay 0.0170% / 4h	3h 23m	$186K	$123K	75x
Short	Injective IMX/USDC PERP	0.1515	0.0033	get 0.0004% / 1h	23m 25s	$559	$28K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +1.270%Rate

Funding earned: −$64.4
Price spread: +1.270% → 0.000%: $127.01
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $50.59
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 67 min ago; Injective: no order-book sample. 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 BloFin live order book, 67 min ago	9.90 bp	24.3 bp −$24	58.8 bp −$588	345.8 bp −$34.6K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0385%	4h	0.1494	−0.152%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1496	+0.021%	$2K	—	150x	as long as short
Injective IMX/USDC PERPshort	+0.0033%	1h	0.1515	+1.270%	$559	$28K	5.5x
Binance IMXUSDT	+0.0100%	4h	0.1495	−0.066%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1493	−0.194%	$3.8M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1495	−0.060%	$940K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1496	0.000%	$641K	$79K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1496	0.000%	$2.6M	$578K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1496	0.000%	$380K	$161K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1496	0.000%	$1.3M	$404K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1494	−0.134%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0324%	1h	0.1499	+0.227%	$3.4M	$294K	5x	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1496	long leg	$186K	$123K	75x
dYdX IMX-USD	+0.0497%	1h	0.1496	−0.013%	$26K	$3K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1648%	1h	0.1501	+0.344%	$114K	$10K	20x	as long as short