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: Bybit against Binance+0.026%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1221.222% of the position

Long on Binance Short on Bybit

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−0.134%−$13 · spread now +0.026%, 7d avg −0.067%

Together, before fees−0.082%−$8 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 0.093% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1508	0.0100	pay 0.0050% / 4h	2h 24m	$3.7M	$6.0M	75x
Short	Bybit IMXUSDT	0.1508	0.0100	get 0.0050% / 4h	2h 24m	$3.9M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.067%: $9.28
Slippage, 4 orders: −$101.21
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.93
Costs to cover: 1.222%
Break-even: never at this rate

Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago	6.67 bp	22.4 bp −$22	78.5 bp −$785	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	6.66 bp	34.5 bp −$34	86.6 bp −$866	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 −0.0002% / S +0.0004%	1h	0.1510	+0.154%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.497%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1513	+0.371%	$3.5M	$279K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1508	long leg	$3.7M	$6.0M	75x
Bybit IMXUSDTshort	+0.0100%	4h	0.1508	+0.026%	$3.9M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1507	−0.007%	$948K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1508	+0.032%	$651K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1508	+0.032%	$2.6M	$549K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1510	+0.165%	$395K	$121K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1509	+0.099%	$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-USDT	+0.0100%	4h	0.1509	+0.099%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1507	−0.004%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1500	−0.498%	$193K	$146K	75x	as long as short
dYdX IMX-USD	+0.0447%	1h	0.1508	+0.032%	$26K	$59	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1082%	1h	0.1511	+0.255%	$115K	$22K	20x	as long as short