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 −0.082%

Price spread now: OKX against BloFin−0.265%113s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as 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−$1091.095% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 3 days (all we have)+0.286%+$29 · spread now −0.265%, 7d avg −0.005%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.260% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1512	0.0340	pay 0.0170% / 4h	3h 51m	$190K	$143K	75x
Short	OKX IMX-USDT-SWAP	0.1508	0.0100	get 0.0050% / 4h	3h 51m	$954K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.265%Rate

Funding earned: −$50.4
Price spread: −0.265% → −0.005%: −$25.96
Slippage, 4 orders: −$87.48
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$185.84
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from BloFin: live order book, 13 min ago; OKX: live order book, 6 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, 13 min ago	6.63 bp	18.8 bp −$19	36.6 bp −$366	344.4 bp −$34.4K	doesn't fit
Sell OKX live order book, 6 min ago	0.66 bp	28.7 bp −$29	doesn't fit	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 −0.0002% / S +0.0004%	1h	0.1511	−0.085%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.198%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1512	+0.026%	$3.5M	$285K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1508	−0.265%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1508	−0.265%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1508	−0.265%	$954K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1508	−0.265%	$650K	$79K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1508	−0.265%	$2.8M	$559K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1510	−0.132%	$394K	$129K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1511	−0.066%	$1.3M	$396K	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	0.1509	−0.198%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1506	−0.379%	$95K	$131K	—	as long as short
dYdX IMX-USD	+0.0138%	1h	0.1515	+0.184%	$26K	$72	5x	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1512	long leg	$190K	$143K	75x
Kraken Futures PF_IMXUSD	+0.1227%	1h	0.1512	+0.010%	$115K	$11K	20x	as long as short