IMX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.082%

Price spread now: OKX against BloFin−0.101%113s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1131.133% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.101%, 7d avg −0.002%

Together, before fees−0.088%−$9 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 OKX is 0.099% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1489	0.0340	pay 0.0170% / 4h	59m 29s	$182K	$128K	75x
Short	OKX IMX-USDT-SWAP	0.1487	0.0100	get 0.0050% / 4h	59m 29s	$932K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$50.4
Price spread: −0.101% → −0.002%: −$9.88
Slippage, 4 orders: −$91.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$173.6
Costs to cover: 1.133%
Break-even: never at this rate

Slippage from BloFin: live order book, 11 min ago; OKX: 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 BloFin live order book, 11 min ago	6.70 bp	25.5 bp −$26	43.0 bp −$430	370.8 bp −$37.1K	doesn't fit
Sell OKX live order book, 2 min ago	1.34 bp	31.1 bp −$31	doesn't fit	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	−0.0004%	4h	0.1485	−0.253%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1489	+0.007%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0001%	1h	0.1489	−0.020%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.746%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1488	−0.067%	$3.5M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1486	−0.201%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1487	−0.101%	$932K	$1.5M	20x
Gate IMX_USDT	+0.0100%	4h	0.1490	+0.067%	$637K	$71K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1489	0.000%	$2.4M	$593K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1488	−0.067%	$362K	$181K	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	0.1489	0.000%	$1.3M	$407K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1486	−0.201%	—	$2.8M	—	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1489	long leg	$182K	$128K	75x
Hyperliquid IMX	+0.0628%	1h	0.1492	+0.222%	$3.4M	$327K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.3084%	1h	0.1492	+0.220%	$113K	$10K	20x	as long as short