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 +0.010%

Price spread now: MEXC against OKX+0.107%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on OKX Short on MEXC

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−0.132%−$13 · spread now +0.107%, 7d avg −0.004%

Together, before fees−0.118%−$12 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: MEXC is 0.111% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1494	0.0100	pay 0.0050% / 4h	1h 49m	$937K	$1.6M	20x
Short	MEXC IMX_USDT	0.1496	0.0100	get 0.0050% / 4h	1h 49m	$2.4M	$603K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → −0.004%: $11.11
Slippage, 4 orders: −$80.87
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$83.76
Costs to cover: 0.949%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 2 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	2.68 bp	32.3 bp −$32	2142.5 bp −$21.4K	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.35 bp	13.1 bp −$13	33.4 bp −$334	190.6 bp −$19.1K	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	−0.0081%	4h	0.1491	−0.211%	$93K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1494	−0.047%	$26K	$4K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1495	+0.015%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.378%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1499	+0.308%	$3.4M	$325K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1496	+0.076%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1493	−0.114%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1494	long leg	$937K	$1.6M	20x
Gate IMX_USDT	+0.0100%	4h	0.1493	−0.094%	$638K	$75K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1496	+0.107%	$2.4M	$603K	125x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1493	−0.094%	$368K	$185K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1496	+0.107%	$1.3M	$411K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1493	−0.094%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	−0.027%	$184K	$128K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3067%	1h	0.1500	+0.388%	$114K	$10K	20x	as long as short