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: Binance against Bybit+0.139%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.139%, 7d avg +0.067%

Together, before fees−0.118%−$12 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: Binance is 0.072% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1490	0.0100	pay 0.0050% / 4h	2h 14m	$3.8M	$2.2M	75x
Short	Binance IMXUSDT	0.1492	0.0100	get 0.0050% / 4h	2h 14m	$3.5M	$5.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.067%: $7.22
Slippage, 4 orders: −$93.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.77
Costs to cover: 1.150%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 9 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 Bybit live order book, 3 min ago	3.36 bp	40.9 bp −$41	91.7 bp −$917	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	3.37 bp	25.6 bp −$26	79.9 bp −$799	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	−0.0119%	4h	0.1486	−0.251%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1493	+0.176%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0015%	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
Hyperliquid IMX	+0.0100%	1h	0.1496	+0.376%	$3.4M	$325K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1492	+0.139%	$3.5M	$5.9M	75x
Bybit IMXUSDTlong	+0.0100%	4h	0.1490	long leg	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1492	+0.121%	$932K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1489	−0.067%	$637K	$76K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1493	+0.201%	$2.4M	$614K	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	0.1490	0.000%	$388K	$170K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1492	+0.134%	$1.3M	$411K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1490	0.000%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1491	+0.067%	$182K	$127K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2041%	1h	0.1499	+0.611%	$114K	$10K	20x	as long as short