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 0.000%

Price spread now: Gate against Bitget−0.267%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2442.436% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.267%, 7d avg −0.095%

Together, before fees−0.004%$0 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 0.172% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1498	0.0100	pay 0.0050% / 4h	1h 24m	$1.3M	$415K	75x
Short	Gate IMX_USDT	0.1494	0.0100	get 0.0050% / 4h	1h 24m	$645K	$141K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.267%Rate

Funding earned: $0
Price spread: −0.267% → −0.095%: −$17.23
Slippage, 4 orders: −$216.6
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$260.83
Costs to cover: 2.436%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 57 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 Bitget live order book, 2 min ago	3.35 bp	37.5 bp −$37	80.3 bp −$803	doesn't fit	doesn't fit
Sell Gate live order book, 57 min ago	6.64 bp	105.9 bp −$106	202.2 bp −$2,022	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	0.1498	−0.026%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.135%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1502	+0.263%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1501	+0.200%	$3.4M	$278K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1496	−0.139%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1495	−0.200%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1496	−0.127%	$938K	$1.7M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1494	−0.267%	$645K	$141K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1497	−0.067%	$2.8M	$578K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1497	−0.067%	$396K	$124K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTlong	+0.0100%	4h	0.1498	long leg	$1.3M	$415K	75x
BingX IMX-USDT	+0.0100%	4h	0.1494	−0.267%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1493	−0.346%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1493	−0.334%	$191K	$146K	75x	as long as short
dYdX IMX-USD	+0.2990%	1h	0.1497	−0.081%	$26K	$59	5x	as long as short