Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h +0.043%

Price spread now: dYdX against Binance−0.055%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.055% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1513	0.0100	pay 0.0050% / 4h	2h 29m	$3.7M	$5.8M	75x
Short	dYdX IMX-USD	0.1512	0.0019	get 0.0002% / 1h	29m 23s	$26K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$16.98
Price spread: −0.055% → 0.000%: −$5.45
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$42.43
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; dYdX: no order-book sample. Net counts fees only.

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 Binance live order book, 9 min ago	3.32 bp	17.8 bp −$18	77.1 bp −$771	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IMX on 14 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	−0.0240%	4h	0.1511	−0.136%	$95K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1514	+0.053%	$2K	—	150x	as long as short
dYdX IMX-USDshort	+0.0019%	1h	0.1512	−0.055%	$26K	$1K	5x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.144%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1517	+0.289%	$3.5M	$283K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1513	long leg	$3.7M	$5.8M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1510	−0.167%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1511	−0.114%	$949K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1511	−0.121%	$648K	$83K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1513	+0.012%	$2.8M	$563K	125x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1514	+0.078%	$377K	$158K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1514	+0.078%	$1.3M	$399K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1511	−0.121%	—	$2.9M	—	as long as short
Kraken Futures PF_IMXUSD	+0.1291%	1h	0.1517	+0.301%	$115K	$11K	20x	as long as short