Funding arb · Price arb /

IMX

all IMX markets

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 0.000%

Price spread now: Gate against Binance−0.145%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2062.059% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.145%, 7d avg −0.067%

Together, before fees+0.009%+$1 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: Gate is 0.078% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1507	0.0100	pay 0.0050% / 4h	3h 44m	$3.7M	$5.9M	75x
Short	Gate IMX_USDT	0.1505	0.0100	get 0.0050% / 4h	3h 44m	$649K	$79K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.067%: −$7.82
Slippage, 4 orders: −$180.93
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$213.75
Costs to cover: 2.059%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Gate: live order book, 27 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 Binance live order book, 9 min ago	3.31 bp	19.9 bp −$20	68.0 bp −$680	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	3.33 bp	85.3 bp −$85	264.7 bp −$2,647	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	0.1508	+0.036%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.519%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0079%	1h	0.1507	−0.030%	$26K	$72	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1511	+0.260%	$3.5M	$285K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1507	long leg	$3.7M	$5.9M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.079%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1507	+0.021%	$953K	$1.7M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1505	−0.145%	$649K	$79K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1507	−0.012%	$2.8M	$562K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1507	−0.012%	$393K	$128K	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	0.1509	+0.120%	$1.3M	$396K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1507	−0.012%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1503	−0.260%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1506	−0.079%	$192K	$144K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1226%	1h	0.1513	+0.364%	$115K	$11K	20x	as long as short