Funding arb · Price arb /

IMX

all IMX markets

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 0.000%

Price spread now: Gate against BingX0.000%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2712.707% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now 0.000%, 7d avg −0.080%

Together, before fees−0.168%−$17 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: Gate is 0.080% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1490	0.0100	pay 0.0050% / 4h	2h 19m	—	$2.9M	—
Short	Gate IMX_USDT	0.1490	0.0100	get 0.0050% / 4h	2h 19m	$637K	$76K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.080%: $7.97
Slippage, 4 orders: −$245.67
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$262.7
Costs to cover: 2.707%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Gate: live order book, 27 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	10.14 bp	30.2 bp −$30	58.1 bp −$581	464.6 bp −$46.5K	999.5 bp −$499.8K
Sell Gate live order book, 27 min ago	3.37 bp	100.4 bp −$100	171.0 bp −$1,710	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	−0.0100%	4h	0.1484	−0.387%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1491	+0.074%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0017%	1h	0.1489	−0.084%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.678%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1491	+0.044%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1488	−0.134%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1490	+0.034%	$932K	$1.6M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1490	0.000%	$637K	$76K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1490	0.000%	$2.3M	$612K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1491	+0.067%	$389K	$170K	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	0.1492	+0.134%	$1.3M	$411K	75x	as long as short
BingX IMX-USDTlong	+0.0100%	4h	0.1490	long leg	—	$2.9M	—
Hyperliquid IMX	+0.0154%	1h	0.1495	+0.329%	$3.4M	$324K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1478	−0.805%	$183K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2043%	1h	0.1497	+0.490%	$114K	$10K	20x	as long as short