Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.160%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.186%+$19 · spread now −0.160%, 7d avg −0.003%

Together, before fees+0.187%+$19 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 0.157% cheaper against MEXC than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1511	0.0100	pay 0.0050% / 4h	2h 43m	$2.8M	$562K	125x
Short	Binance IMXUSDT	0.1509	0.0100	get 0.0050% / 4h	2h 43m	$3.6M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → −0.003%: −$15.69
Slippage, 4 orders: −$63.61
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$93.3
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Binance: live order book, 10 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 MEXC live order book, 9 min ago	3.32 bp	14.8 bp −$15	42.9 bp −$429	219.1 bp −$21.9K	doesn't fit
Sell Binance live order book, 10 min ago	3.32 bp	23.9 bp −$24	75.1 bp −$751	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	−0.0115%	4h	0.1504	−0.446%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1512	+0.054%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.265%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0036%	1h	0.1512	+0.050%	$26K	$1K	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1516	+0.304%	$3.5M	$285K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1509	−0.160%	$3.6M	$5.8M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1508	−0.205%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1507	−0.298%	$950K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1507	−0.265%	$646K	$82K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1511	long leg	$2.8M	$562K	125x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	−0.199%	$378K	$157K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1511	0.000%	$1.3M	$405K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1511	0.000%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1507	−0.265%	$191K	$132K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1294%	1h	0.1514	+0.166%	$115K	$11K	20x	as long as short