Funding arb · Price arb /

IMX

all IMX markets

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: Binance against MEXC−0.066%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$730.735% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.120%+$12 · spread now −0.066%, 7d avg −0.003%

Together, before fees+0.120%+$12 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: Binance is 0.063% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1515	0.0100	pay 0.0050% / 4h	17m 20s	$2.6M	$578K	125x
Short	Binance IMXUSDT	0.1514	0.0100	get 0.0050% / 4h	17m 20s	$3.6M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.003%: −$6.34
Slippage, 4 orders: −$59.45
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.8
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 6 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 MEXC live order book, 5 min ago	3.32 bp	14.0 bp −$14	40.4 bp −$404	212.6 bp −$21.3K	doesn't fit
Sell Binance live order book, 6 min ago	3.32 bp	24.1 bp −$24	77.5 bp −$775	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	−0.0640%	4h	0.1505	−0.645%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1515	−0.026%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	0.000%	$559	$28K	5.5x	as long as short
OKX IMX-USDT-SWAP	+0.0067%	4h	0.1514	−0.066%	$945K	$1.6M	20x	as long as short
dYdX IMX-USD	+0.0072%	1h	0.1509	−0.416%	$26K	$3K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1514	−0.066%	$3.6M	$5.7M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1512	−0.218%	$3.8M	$2.1M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1510	−0.330%	$647K	$81K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1515	long leg	$2.6M	$578K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1510	−0.330%	$378K	$161K	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	0.1514	−0.066%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1512	−0.198%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0109%	1h	0.1517	+0.132%	$3.5M	$289K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1505	−0.660%	$189K	$124K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1072%	1h	0.1520	+0.303%	$115K	$10K	20x	as long as short