Funding arb · Price arb /

IMX

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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 −0.010%

Price spread now: OKX against MEXC−0.020%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.020%, 7d avg +0.007%

Together, before fees+0.060%+$6 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: OKX is 0.027% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1520	0.0100	pay 0.0050% / 4h	1h 30m	$2.6M	$584K	125x
Short	OKX IMX-USDT-SWAP	0.1520	0.0100	get 0.0050% / 4h	1h 30m	$952K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → +0.007%: −$2.67
Slippage, 4 orders: −$86.07
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$102.75
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: 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	6.59 bp	12.9 bp −$13	38.0 bp −$380	210.3 bp −$21.0K	doesn't fit
Sell OKX live order book, 1 min ago	1.97 bp	41.3 bp −$41	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	−0.0552%	4h	0.1517	−0.218%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1521	+0.046%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1521	+0.036%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.329%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1520	−0.023%	$3.7M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1517	−0.197%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1520	−0.020%	$952K	$1.6M	20x
Gate IMX_USDT	+0.0100%	4h	0.1518	−0.132%	$650K	$82K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1520	long leg	$2.6M	$584K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1518	−0.132%	$378K	$159K	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	0.1520	0.000%	$1.3M	$399K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1518	−0.132%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1521	+0.066%	$190K	$125K	75x	as long as short
Hyperliquid IMX	+0.0419%	1h	0.1523	+0.197%	$3.5M	$280K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.0710%	1h	0.1522	+0.139%	$116K	$10K	20x	as long as short