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 +0.005%

Price spread now: BingX against Variational Omni−0.030%7-day average +0.118% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now −0.030%, 7d avg +0.118%

Together, before fees−0.051%+ Points / potential airdropVariational Omni: Active · farm board−$5 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 0.147% cheaper against Variational Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IMX	0.1507	0.0100	pay 0.0050% / 4h	2h 21m	$94K	$132K	—
Short	BingX IMX-USDT	0.1507	0.0100	get 0.0050% / 4h	2h 21m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.118%: −$14.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BingX: live order book, 8 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	13.26 bp	doesn't fit	86.2 bp −$862	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	9.98 bp	31.9 bp −$32	63.9 bp −$639	359.7 bp −$36.0K	1022.7 bp −$511.4K

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	0.1509	+0.092%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.501%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1510	+0.196%	$3.5M	$279K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1506	−0.096%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.089%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1506	−0.096%	$948K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1508	+0.037%	$651K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1506	−0.096%	$2.6M	$551K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	+0.037%	$394K	$121K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1508	+0.037%	$1.3M	$414K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDTshort	+0.0100%	4h	0.1507	−0.030%	—	$2.6M	—
Variational Omni IMXlong	+0.0100%	4h	0.1507	long leg	$94K	$132K	—
BloFin IMX-USDT	+0.0340%	4h	0.1506	−0.096%	$193K	$146K	75x	as long as short
dYdX IMX-USD	+0.0472%	1h	0.1508	+0.037%	$26K	$59	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1083%	1h	0.1510	+0.196%	$115K	$22K	20x	as long as short