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: Bitget against MEXC0.000%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$990.995% of the position

Long on MEXC Short on Bitget

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−0.150%−$15 · spread now 0.000%, 7d avg +0.025%

Together, before fees−0.116%−$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: Bitget is 0.025% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1494	0.0100	pay 0.0050% / 4h	1h 05m	$2.4M	$607K	125x
Short	Bitget IMXUSDT	0.1494	0.0100	get 0.0050% / 4h	1h 05m	$1.3M	$407K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.025%: −$2.49
Slippage, 4 orders: −$83.49
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$101.98
Costs to cover: 0.995%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: 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 MEXC live order book, 2 min ago	3.35 bp	15.5 bp −$15	38.5 bp −$385	197.6 bp −$19.8K	doesn't fit
Sell Bitget live order book, 1 min ago	3.35 bp	37.6 bp −$38	83.1 bp −$831	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
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1495	+0.035%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0001%	1h	0.1495	+0.048%	$26K	$4K	5x	as long as short
Variational Omni IMX	+0.0027%	4h	0.1492	−0.118%	$93K	$131K	—	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.406%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1493	−0.049%	$3.5M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1492	−0.134%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1494	−0.013%	$938K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1493	−0.067%	$638K	$75K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1494	long leg	$2.4M	$607K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1493	−0.067%	$364K	$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 IMXUSDTshort	+0.0100%	4h	0.1494	0.000%	$1.3M	$407K	75x
BingX IMX-USDT	+0.0100%	4h	0.1494	0.000%	—	$2.8M	—	as long as short
Hyperliquid IMX	+0.0158%	1h	0.1497	+0.187%	$3.4M	$327K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	0.000%	$182K	$128K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3072%	1h	0.1498	+0.268%	$114K	$10K	20x	as long as short