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: BingX against Bybit+0.133%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1161.159% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.133%, 7d avg +0.064%

Together, before fees−0.106%−$11 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: BingX is 0.069% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1504	0.0100	pay 0.0050% / 4h	23m 53s	$3.8M	$2.1M	75x
Short	BingX IMX-USDT	0.1506	0.0100	get 0.0050% / 4h	23m 53s	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.064%: $6.89
Slippage, 4 orders: −$94.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$109
Costs to cover: 1.159%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 10 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 Bybit live order book, 4 min ago	3.32 bp	29.4 bp −$29	81.8 bp −$818	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	6.66 bp	27.7 bp −$28	56.2 bp −$562	324.7 bp −$32.5K	927.0 bp −$463.5K

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	−0.0635%	4h	0.1505	+0.081%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1509	+0.307%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.731%	$559	$28K	5.5x	as long as short
OKX IMX-USDT-SWAP	+0.0043%	4h	0.1508	+0.253%	$941K	$1.6M	20x	as long as short
dYdX IMX-USD	+0.0086%	1h	0.1511	+0.446%	$26K	$3K	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1511	+0.492%	$3.5M	$289K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1508	+0.266%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1504	long leg	$3.8M	$2.1M	75x
Gate IMX_USDT	+0.0100%	4h	0.1505	+0.066%	$645K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1507	+0.199%	$2.6M	$577K	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	0.1507	+0.199%	$378K	$161K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1507	+0.199%	$1.3M	$403K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1506	+0.133%	—	$2.9M	—
BloFin IMX-USDT	+0.0340%	4h	0.1510	+0.399%	$188K	$124K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1077%	1h	0.1512	+0.561%	$115K	$10K	20x	as long as short