Funding arb · Price arb /

IMX

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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: Bitget against MEXC+0.067%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on MEXC Short on Bitget

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−0.122%−$12 · spread now +0.067%, 7d avg +0.028%

Together, before fees−0.088%−$9 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: Bitget is 0.038% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1503	0.0100	pay 0.0050% / 4h	3h 49m	$2.6M	$575K	125x
Short	Bitget IMXUSDT	0.1504	0.0100	get 0.0050% / 4h	3h 49m	$1.3M	$405K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.028%: $3.85
Slippage, 4 orders: −$91.36
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$103.52
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	6.64 bp	12.2 bp −$12	45.3 bp −$453	220.5 bp −$22.1K	doesn't fit
Sell Bitget live order book, 1 min ago	6.64 bp	33.9 bp −$34	108.0 bp −$1,080	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	−0.0496%	4h	0.1506	+0.182%	$94K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1508	+0.333%	$26K	$3K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1505	+0.106%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.798%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1503	0.000%	$3.6M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1501	−0.113%	$3.8M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1503	0.000%	$943K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1505	+0.133%	$645K	$79K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1503	long leg	$2.6M	$575K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1504	+0.067%	$377K	$161K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTshort	+0.0100%	4h	0.1504	+0.067%	$1.3M	$405K	75x
BingX IMX-USDT	+0.0100%	4h	0.1505	+0.133%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0266%	1h	0.1507	+0.273%	$3.5M	$289K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1511	+0.532%	$188K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1639%	1h	0.1509	+0.431%	$115K	$10K	20x	as long as short