Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.135%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$860.858% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.135%, 7d avg +0.072%

Together, before fees−0.128%−$13 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: MEXC is 0.063% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1486	0.0100	pay 0.0050% / 4h	1h 00m	$3.8M	$2.2M	75x
Short	MEXC IMX_USDT	0.1488	0.0100	get 0.0050% / 4h	1h 00m	$2.4M	$607K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.072%: $6.29
Slippage, 4 orders: −$70.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$79.48
Costs to cover: 0.858%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 1 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, 2 min ago	3.36 bp	33.3 bp −$33	85.0 bp −$850	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.36 bp	13.7 bp −$14	39.7 bp −$397	199.8 bp −$20.0K	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	−0.0004%	4h	0.1485	−0.051%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1490	+0.242%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0001%	1h	0.1490	+0.269%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.952%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1488	+0.135%	$3.5M	$5.9M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1486	long leg	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1487	+0.101%	$933K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1491	+0.336%	$637K	$75K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1488	+0.135%	$2.4M	$607K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1490	+0.269%	$362K	$181K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1490	+0.269%	$1.3M	$407K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1488	+0.135%	—	$2.8M	—	as long as short
Hyperliquid IMX	+0.0178%	1h	0.1492	+0.437%	$3.4M	$327K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1489	+0.202%	$182K	$128K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3084%	1h	0.1492	+0.409%	$113K	$10K	20x	as long as short