Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.032%

Price spread now: Injective against BloFin+0.866%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 0.866% dearer against BloFin than usual: you sell high and buy low (spread +0.866% now, against zero (this spread has no 7-day history yet)): +$87 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1502	0.0340	pay 0.0170% / 4h	1h 55m	$183K	$129K	75x
Short	Injective IMX/USDC PERP	0.1515	0.0033	get 0.0004% / 1h	55m 54s	$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

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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 +0.866%Rate

Funding earned: −$64.4
Price spread: +0.866% → 0.000%: $86.55
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: $10.13
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 19 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, 19 min ago	6.72 bp	14.8 bp −$15	44.8 bp −$448	398.7 bp −$39.9K	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
Variational Omni IMX	−0.0018%	4h	0.1496	−0.385%	$94K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1500	−0.133%	$26K	$4K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1500	−0.162%	$2K	—	150x	as long as short
Injective IMX/USDC PERPshort	+0.0033%	1h	0.1515	+0.866%	$559	$28K	5.5x
Hyperliquid IMX	+0.0100%	1h	0.1500	−0.133%	$3.4M	$325K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1497	−0.336%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1495	−0.446%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1496	−0.393%	$938K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1500	−0.133%	$641K	$75K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1497	−0.333%	$2.4M	$602K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1499	−0.200%	$375K	$177K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1501	−0.067%	$1.3M	$411K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1498	−0.266%	—	$2.8M	—	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1502	long leg	$183K	$129K	75x
Kraken Futures PF_IMXUSD	+0.3064%	1h	0.1502	−0.009%	$114K	$10K	20x	as long as short