Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.154%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1211.206% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.195%−$19 · spread now +0.154%, 7d avg +0.104%

Together, before fees−0.195%−$19 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: Bitget is 0.049% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1498	0.0100	pay 0.0050% / 4h	2h 20m	$3.8M	$2.2M	75x
Short	Bitget IMXUSDT	0.1500	0.0100	get 0.0050% / 4h	2h 20m	$1.3M	$305K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.104%: $4.94
Slippage, 4 orders: −$97.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$115.69
Costs to cover: 1.206%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; Bitget: 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 Bybit live order book, just now	3.34 bp	35.0 bp −$35	117.2 bp −$1,172	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.33 bp	29.5 bp −$30	86.6 bp −$866	doesn't fit	doesn't fit

IMX on 15 exchanges

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	−0.0090%	4h	0.1497	−0.034%	$94K	$120K	—	as long as short
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1500	+0.131%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.155%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1498	+0.048%	$3.6M	$5.6M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1498	long leg	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	−0.053%	$937K	$1.4M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1499	+0.087%	$641K	$72K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1499	+0.087%	$2.5M	$583K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1499	+0.087%	$352K	$185K	50x	as long as short
Bitget IMXUSDTshort	+0.0100%	4h	0.1500	+0.154%	$1.3M	$305K	75x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1499	+0.087%	—	$4.4M	—	as long as short
dYdX IMX-USD	+0.0126%	1h	0.1502	+0.300%	$33K	$18K	5x	as long as short
Hyperliquid IMX	+0.0301%	1h	0.1504	+0.401%	$3.4M	$270K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1505	+0.487%	$183K	$152K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2701%	1h	0.1503	+0.373%	$114K	$4K	20x	as long as short