Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Bitget against OKX+0.066%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1391.387% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.066%, 7d avg +0.031%

Together, before fees+0.039%+$4 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 0.036% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1506	0.0100	pay 0.0050% / 4h	2h 20m	$948K	$1.6M	20x
Short	Bitget IMXUSDT	0.1507	0.0100	get 0.0050% / 4h	2h 20m	$1.3M	$414K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.031%: $3.55
Slippage, 4 orders: −$116.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$135.2
Costs to cover: 1.387%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 6 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, 1 min ago	0.33 bp	38.9 bp −$39	3245.2 bp −$32.5K	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	6.63 bp	38.6 bp −$39	84.8 bp −$848	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
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1509	+0.188%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.598%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1510	+0.292%	$3.5M	$279K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1506	0.000%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.013%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1506	long leg	$948K	$1.6M	20x
Gate IMX_USDT	+0.0100%	4h	0.1508	+0.133%	$651K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1505	−0.066%	$2.6M	$551K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	+0.133%	$394K	$121K	50x	as long as short
Bitget IMXUSDTshort	+0.0100%	4h	0.1507	+0.066%	$1.3M	$414K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1507	+0.066%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1507	+0.096%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1507	+0.066%	$193K	$147K	75x	as long as short
dYdX IMX-USD	+0.0472%	1h	0.1508	+0.133%	$26K	$59	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1083%	1h	0.1510	+0.292%	$115K	$22K	20x	as long as short