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 0.000%

Price spread now: BingX against Binance+0.066%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 7 days−0.120%−$12 · spread now +0.066%, 7d avg −0.005%

Together, before fees−0.069%−$7 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 0.072% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1506	0.0100	pay 0.0050% / 4h	2h 20m	$3.7M	$6.0M	75x
Short	BingX IMX-USDT	0.1507	0.0100	get 0.0050% / 4h	2h 20m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.005%: $7.18
Slippage, 4 orders: −$85.23
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$98.05
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; BingX: live order book, 9 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 Binance live order book, 2 min ago	3.32 bp	24.6 bp −$25	86.7 bp −$867	doesn't fit	doesn't fit
Sell BingX live order book, 9 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	+0.188%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.598%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1510	+0.292%	$3.5M	$279K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1506	long leg	$3.7M	$6.0M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.007%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1506	0.000%	$948K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1508	+0.133%	$651K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1505	−0.066%	$2.6M	$551K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	+0.133%	$394K	$121K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1507	+0.066%	$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	+0.066%	—	$2.6M	—
Variational Omni IMX	+0.0100%	4h	0.1507	+0.096%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1507	+0.066%	$193K	$147K	75x	as long as short
dYdX IMX-USD	+0.0472%	1h	0.1508	+0.133%	$26K	$59	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1083%	1h	0.1510	+0.292%	$115K	$22K	20x	as long as short