Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX+0.174%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1261.262% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.227%−$23 · spread now +0.174%, 7d avg −0.009%

Together, before fees−0.183%−$18 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 0.183% dearer against OKX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1494	0.0100	pay 0.0050% / 4h	3h 33m	$932K	$1.5M	20x
Short	BingX IMX-USDT	0.1497	0.0100	get 0.0050% / 4h	3h 33m	—	$2.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → −0.009%: $18.28
Slippage, 4 orders: −$106.18
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$107.9
Costs to cover: 1.262%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BingX: 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 OKX live order book, 3 min ago	0.33 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	6.68 bp	27.0 bp −$27	62.2 bp −$622	382.7 bp −$38.3K	966.9 bp −$483.5K

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	0.1502	+0.483%	$6K	—	150x	as long as short
Variational Omni IMX	+0.0009%	4h	0.1498	+0.224%	$94K	$131K	—	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.378%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1499	+0.301%	$3.4M	$331K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1495	+0.040%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1494	−0.054%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1494	long leg	$932K	$1.5M	20x
Gate IMX_USDT	+0.0100%	4h	0.1498	+0.241%	$639K	$72K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1495	+0.040%	$2.5M	$601K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1500	+0.375%	$354K	$183K	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	0.1494	−0.027%	$1.3M	$384K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1497	+0.174%	—	$2.8M	—
BloFin IMX-USDT	+0.0340%	4h	0.1501	+0.442%	$183K	$137K	75x	as long as short
dYdX IMX-USD	+0.1075%	1h	0.1499	+0.308%	$31K	$16K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.3381%	1h	0.1506	+0.765%	$114K	$8K	20x	as long as short