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: Bybit against OKX−0.027%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1331.332% of the position

Long on OKX Short on Bybit

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−0.021%−$2 · spread now −0.027%, 7d avg −0.075%

Together, before fees+0.027%+$3 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: Bybit is 0.048% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1492	0.0100	pay 0.0050% / 4h	1h 04m	$937K	$1.5M	20x
Short	Bybit IMXUSDT	0.1492	0.0100	get 0.0050% / 4h	1h 04m	$3.8M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.075%: $4.81
Slippage, 4 orders: −$112.17
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$128.36
Costs to cover: 1.332%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	3.01 bp	35.7 bp −$36	2256.6 bp −$22.6K	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.35 bp	27.7 bp −$28	83.5 bp −$835	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	+0.143%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0001%	1h	0.1495	+0.155%	$26K	$4K	5x	as long as short
Variational Omni IMX	+0.0027%	4h	0.1492	−0.011%	$93K	$131K	—	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.514%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1493	+0.040%	$3.5M	$5.9M	75x	as long as short
Bybit IMXUSDTshort	+0.0100%	4h	0.1492	−0.027%	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1492	long leg	$937K	$1.5M	20x
Gate IMX_USDT	+0.0100%	4h	0.1492	−0.027%	$638K	$75K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1493	+0.040%	$2.4M	$607K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1492	−0.027%	$363K	$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 IMXUSDT	+0.0100%	4h	0.1494	+0.107%	$1.3M	$407K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1493	+0.040%	—	$2.8M	—	as long as short
Hyperliquid IMX	+0.0156%	1h	0.1496	+0.255%	$3.4M	$327K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	+0.107%	$182K	$128K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3072%	1h	0.1498	+0.375%	$114K	$10K	20x	as long as short