Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.032%

Price spread now: BloFin against Injective−0.660%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.660% cheaper against Injective than usual: you would sell low and buy high (spread −0.660% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$66 on $10k: about 7.2 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective IMX/USDC PERP	0.1515	0.0033	pay 0.0004% / 1h	6m 55s	$559	$28K	5.5x
Short	BloFin IMX-USDT	0.1505	0.0340	get 0.0170% / 4h	2h 06m	$193K	$146K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.660%Rate

Funding earned: $64.4
Price spread: −0.660% → 0.000%: −$66.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.63
Costs to cover: 0.120%
Break-even: 8.5 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 8 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 8 min ago	3.32 bp	32.7 bp −$33	54.0 bp −$540	303.9 bp −$30.4K	doesn't fit

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	0.1506	−0.607%	$6K	—	150x	as long as short
Injective IMX/USDC PERPlong	+0.0033%	1h	0.1515	long leg	$559	$28K	5.5x
Hyperliquid IMX	+0.0100%	1h	0.1508	−0.488%	$3.4M	$278K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1503	−0.792%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1501	−0.924%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1503	−0.805%	$946K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1504	−0.726%	$649K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1504	−0.726%	$2.6M	$553K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1507	−0.528%	$394K	$122K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1505	−0.660%	$1.3M	$415K	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	0.1502	−0.858%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1501	−0.927%	$94K	$131K	—	as long as short
BloFin IMX-USDTshort	+0.0340%	4h	0.1505	−0.660%	$193K	$146K	75x
dYdX IMX-USD	+0.0802%	1h	0.1506	−0.597%	$26K	$59	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1085%	1h	0.1507	−0.542%	$114K	$22K	20x	as long as short