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 +0.010%

Price spread now: Bitget against OKX+0.047%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1321.316% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.047%, 7d avg +0.023%

Together, before fees−0.090%−$9 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 0.024% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1497	0.0100	pay 0.0050% / 4h	3h 29m	$941K	$1.6M	20x
Short	Bitget IMXUSDT	0.1498	0.0100	get 0.0050% / 4h	3h 29m	$1.3M	$403K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.023%: $2.39
Slippage, 4 orders: −$109.63
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$129.25
Costs to cover: 1.316%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 2 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	3.66 bp	33.5 bp −$34	2128.0 bp −$21.3K	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.33 bp	30.4 bp −$30	82.6 bp −$826	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	−0.0402%	4h	0.1498	+0.063%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1499	+0.114%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.182%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1498	+0.047%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1497	−0.033%	$3.8M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1497	long leg	$941K	$1.6M	20x
Gate IMX_USDT	+0.0100%	4h	0.1498	+0.047%	$642K	$79K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1498	+0.047%	$2.6M	$577K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1498	+0.047%	$381K	$164K	50x	as long as short
Bitget IMXUSDTshort	+0.0100%	4h	0.1498	+0.047%	$1.3M	$403K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1498	+0.047%	—	$2.9M	—	as long as short
dYdX IMX-USD	+0.0303%	1h	0.1500	+0.162%	$26K	$3K	5x	as long as short
Hyperliquid IMX	+0.0314%	1h	0.1502	+0.287%	$3.5M	$293K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1500	+0.180%	$187K	$124K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1646%	1h	0.1504	+0.417%	$114K	$10K	20x	as long as short