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 −0.005%

Price spread now: Variational Omni against Binance+0.029%7-day average −0.108% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.029%, 7d avg −0.108%

Together, before fees+0.042%+ Points / potential airdropVariational Omni: Active · farm board+$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: Variational Omni is 0.137% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1503	0.0100	pay 0.0050% / 4h	2h 12m	$3.7M	$6.0M	75x
Short	Variational Omni IMX	0.1503	0.0100	get 0.0050% / 4h	2h 12m	$94K	$132K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.108%: $13.68
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.68
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 11 min ago; Variational Omni: RFQ quote, 11 min ago. 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, 11 min ago	3.32 bp	24.6 bp −$25	86.7 bp −$867	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 11 min ago	13.26 bp	doesn't fit	92.8 bp −$928	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	0.1507	+0.286%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.798%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1507	+0.266%	$3.4M	$280K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1503	long leg	$3.7M	$6.0M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1502	−0.086%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1502	−0.047%	$945K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1505	+0.133%	$650K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1502	−0.067%	$2.6M	$552K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1507	+0.266%	$394K	$122K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1504	+0.067%	$1.3M	$415K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1504	+0.067%	—	$2.9M	—	as long as short
Variational Omni IMXshort	+0.0100%	4h	0.1503	+0.029%	$94K	$132K	—
BloFin IMX-USDT	+0.0340%	4h	0.1504	+0.067%	$193K	$146K	75x	as long as short
dYdX IMX-USD	+0.0640%	1h	0.1508	+0.333%	$26K	$59	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1085%	1h	0.1507	+0.241%	$114K	$22K	20x	as long as short