Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.032%

Price spread now: Injective against BloFin+0.265%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.265% dearer against BloFin than usual: you sell high and buy low (spread +0.265% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1511	0.0340	pay 0.0170% / 4h	3h 55m	$191K	$143K	75x
Short	Injective IMX/USDC PERP	0.1515	0.0033	get 0.0004% / 1h	55m 27s	$559	$28K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.265%Rate

Funding earned: −$64.4
Price spread: +0.265% → 0.000%: $26.47
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$49.95
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 9 min ago; Injective: no order-book sample. Net counts fees only.

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, 9 min ago	6.63 bp	18.8 bp −$19	36.6 bp −$366	344.4 bp −$34.4K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1518	+0.446%	$6K	—	150x	as long as short
Injective IMX/USDC PERPshort	+0.0033%	1h	0.1515	+0.265%	$559	$28K	5.5x
Hyperliquid IMX	+0.0100%	1h	0.1520	+0.615%	$3.5M	$287K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1514	+0.189%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1513	+0.159%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1514	+0.165%	$958K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1515	+0.265%	$653K	$79K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1514	+0.199%	$2.8M	$558K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1516	+0.331%	$396K	$129K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1516	+0.331%	$1.3M	$398K	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	0.1514	+0.199%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1516	+0.350%	$95K	$131K	—	as long as short
dYdX IMX-USD	+0.0275%	1h	0.1517	+0.380%	$27K	$72	5x	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1511	long leg	$191K	$143K	75x
Kraken Futures PF_IMXUSD	+0.1218%	1h	0.1523	+0.822%	$116K	$11K	20x	as long as short