IMX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Bitget against BloFin−0.066%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1091.092% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.066%, 7d avg +0.024%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.089% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1521	0.0340	pay 0.0170% / 4h	1h 31m	$190K	$125K	75x
Short	Bitget IMXUSDT	0.1520	0.0100	get 0.0050% / 4h	1h 31m	$1.3M	$399K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$50.4
Price spread: −0.066% → +0.024%: −$8.94
Slippage, 4 orders: −$85.23
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$168.56
Costs to cover: 1.092%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Bitget: live order book, 5 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 BloFin live order book, 5 min ago	9.92 bp	24.2 bp −$24	58.7 bp −$587	353.2 bp −$35.3K	doesn't fit
Sell Bitget live order book, 5 min ago	3.30 bp	37.7 bp −$38	87.5 bp −$875	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	−0.0552%	4h	0.1517	−0.283%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1521	−0.020%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1521	−0.030%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.394%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1519	−0.103%	$3.7M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1517	−0.263%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1519	−0.105%	$952K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1518	−0.197%	$650K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1519	−0.131%	$2.6M	$584K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1518	−0.197%	$378K	$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	0.1520	−0.066%	$1.3M	$399K	75x
BingX IMX-USDT	+0.0100%	4h	0.1518	−0.197%	—	$2.9M	—	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1521	long leg	$190K	$125K	75x
Hyperliquid IMX	+0.0430%	1h	0.1524	+0.210%	$3.5M	$280K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.0710%	1h	0.1522	+0.073%	$116K	$10K	20x	as long as short