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 +0.010%

Price spread now: Binance against OKX+0.038%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1241.236% of the position

Long on OKX Short on Binance

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−0.035%−$4 · spread now +0.038%, 7d avg −0.008%

Together, before fees−0.021%−$2 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 0.046% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1479	0.0100	pay 0.0050% / 4h	2h 34m	$927K	$1.6M	20x
Short	Binance IMXUSDT	0.1479	0.0100	get 0.0050% / 4h	2h 34m	$3.5M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → −0.008%: $4.65
Slippage, 4 orders: −$103.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$118.97
Costs to cover: 1.236%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Binance: live order book, 4 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 OKX live order book, 2 min ago	1.35 bp	35.0 bp −$35	2306.1 bp −$23.1K	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	3.38 bp	25.1 bp −$25	73.7 bp −$737	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	−0.0149%	4h	0.1480	+0.072%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1485	+0.436%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0027%	1h	0.1483	+0.275%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.455%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1486	+0.480%	$3.4M	$323K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1479	+0.038%	$3.5M	$5.8M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1480	+0.095%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1479	long leg	$927K	$1.6M	20x
Gate IMX_USDT	+0.0100%	4h	0.1483	+0.291%	$634K	$76K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1481	+0.156%	$2.4M	$601K	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	0.1482	+0.223%	$373K	$165K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1483	+0.291%	$1.3M	$408K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1482	+0.223%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1483	+0.291%	$185K	$126K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2051%	1h	0.1492	+0.881%	$113K	$10K	20x	as long as short