Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.032%

Price spread now: BloFin against Injective−0.990%114s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.990% cheaper against Injective than usual: you would sell low and buy high (spread −0.990% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$99 on $10k: about 11 days of funding at the current rate (+$9 a day). The two prices were read 114 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	Injective IMX/USDC PERP	0.1515	0.0033	pay 0.0004% / 1h	51m 25s	$559	$27K	5.5x
Short	BloFin IMX-USDT	0.1500	0.0340	get 0.0170% / 4h	1h 51m	$182K	$148K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.990%Rate

Funding earned: $64.4
Price spread: −0.990% → 0.000%: −$99.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$46.63
Costs to cover: 0.120%
Break-even: 12.1 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 53 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 53 min ago	13.33 bp	19.3 bp −$19	42.7 bp −$427	305.4 bp −$30.5K	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IMX on 14 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	−0.0034%	4h	0.1498	−1.114%	$94K	$109K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1501	−0.948%	$33K	$18K	5x	as long as short
Injective IMX/USDC PERPlong	+0.0033%	1h	0.1515	long leg	$559	$27K	5.5x
Binance IMXUSDT	+0.0100%	4h	0.1497	−1.188%	$3.5M	$5.4M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1494	−1.386%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	−1.215%	$935K	$1.4M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1498	−1.122%	$640K	$59K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1498	−1.122%	$2.5M	$570K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1496	−1.254%	$350K	$180K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1497	−1.188%	$1.3M	$301K	75x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1498	−1.122%	—	$4.3M	—	as long as short
BloFin IMX-USDTshort	+0.0340%	4h	0.1500	−0.990%	$182K	$148K	75x
Hyperliquid IMX	+0.0356%	1h	0.1502	−0.845%	$3.4M	$236K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1941%	1h	0.1503	−0.767%	$114K	$4K	20x	as long as short