Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against MEXC−0.133%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$710.715% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.133%, 7d avg −0.008%

Together, before fees+0.118%+$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: BingX is 0.125% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1502	0.0100	pay 0.0050% / 4h	1h 58m	$2.6M	$549K	125x
Short	BingX IMX-USDT	0.1500	0.0100	get 0.0050% / 4h	1h 58m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.008%: −$12.48
Slippage, 4 orders: −$57.48
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$83.95
Costs to cover: 0.715%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: 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, 4 min ago	3.33 bp	7.4 bp −$7	35.6 bp −$356	209.4 bp −$20.9K	doesn't fit
Sell BingX live order book, 6 min ago	13.33 bp	30.4 bp −$30	60.8 bp −$608	365.9 bp −$36.6K	1027.0 bp −$513.5K

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
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1504	+0.151%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.866%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1506	+0.236%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1505	+0.206%	$3.4M	$279K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1501	−0.043%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1499	−0.173%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1499	−0.186%	$946K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1500	−0.133%	$647K	$140K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1502	long leg	$2.6M	$549K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1505	+0.200%	$393K	$122K	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	0.1502	0.000%	$1.3M	$415K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1500	−0.133%	—	$2.9M	—
Variational Omni IMX	+0.0100%	4h	0.1500	−0.138%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1499	−0.200%	$193K	$146K	75x	as long as short
dYdX IMX-USD	+0.3397%	1h	0.1506	+0.263%	$26K	$59	5x	as long as short