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 −0.010%

Price spread now: OKX against Bybit+0.121%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1401.404% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.121%, 7d avg +0.075%

Together, before fees−0.105%−$10 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: OKX is 0.046% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1492	0.0100	pay 0.0050% / 4h	3h 22m	$3.8M	$2.1M	75x
Short	OKX IMX-USDT-SWAP	0.1494	0.0100	get 0.0050% / 4h	3h 22m	$939K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.075%: $4.6
Slippage, 4 orders: −$119.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$135.83
Costs to cover: 1.404%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; OKX: live order book, 5 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	3.36 bp	35.0 bp −$35	104.7 bp −$1,047	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.34 bp	33.0 bp −$33	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
Variational Omni IMX	−0.0385%	4h	0.1494	+0.116%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1495	+0.175%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.542%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1494	+0.139%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1492	long leg	$3.8M	$2.1M	75x
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1494	+0.121%	$939K	$1.6M	20x
Gate IMX_USDT	+0.0100%	4h	0.1492	0.000%	$639K	$80K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1495	+0.201%	$2.6M	$580K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1494	+0.134%	$380K	$161K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1494	+0.134%	$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	+0.0319%	1h	0.1497	+0.362%	$3.4M	$294K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	+0.134%	$186K	$127K	75x	as long as short
dYdX IMX-USD	+0.0551%	1h	0.1496	+0.255%	$26K	$4K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1652%	1h	0.1498	+0.413%	$114K	$10K	20x	as long as short