Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX+0.067%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

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

costs, in and out, $10k−$1161.158% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.067%, 7d avg +0.035%

Together, before fees−0.054%−$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: Bitget is 0.032% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1500	0.0100	pay 0.0050% / 4h	49m 40s	—	$2.9M	—
Short	Bitget IMXUSDT	0.1501	0.0100	get 0.0050% / 4h	49m 40s	$1.3M	$402K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.035%: $3.2
Slippage, 4 orders: −$93.82
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$112.62
Costs to cover: 1.158%
Break-even: never at this rate

Slippage from BingX: live order book, 15 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 BingX live order book, 15 min ago	9.94 bp	22.2 bp −$22	54.1 bp −$541	413.9 bp −$41.4K	980.3 bp −$490.1K
Sell Bitget live order book, 2 min ago	3.33 bp	28.9 bp −$29	80.4 bp −$804	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	−0.0672%	4h	0.1499	−0.051%	$94K	$131K	—	as long as short
OKX IMX-USDT-SWAP	−0.0002%	4h	0.1498	−0.107%	$941K	$1.6M	20x	as long as short
dYdX IMX-USD	0.0000%	1h	0.1501	+0.050%	$26K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1503	+0.173%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.000%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1499	−0.067%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1498	−0.133%	$3.8M	$2.1M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1498	−0.133%	$642K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1501	+0.067%	$2.6M	$572K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1497	−0.200%	$373K	$159K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTshort	+0.0100%	4h	0.1501	+0.067%	$1.3M	$402K	75x
BingX IMX-USDTlong	+0.0100%	4h	0.1500	long leg	—	$2.9M	—
Hyperliquid IMX	+0.0160%	1h	0.1504	+0.253%	$3.5M	$289K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1504	+0.267%	$190K	$124K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1083%	1h	0.1504	+0.240%	$114K	$10K	20x	as long as short