Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.034%

Price spread now: dYdX against BloFin+0.384%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread pays, funding is against you. dYdX is 0.384% dearer against BloFin than usual: you sell high and buy low (spread +0.384% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1485	0.0340	pay 0.0170% / 4h	2h 56m	$185K	$123K	75x
Short	dYdX IMX-USD	0.1491	0	get 0.0000% / 1h	56m 27s	$26K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.384%Rate

Funding earned: −$71.4
Price spread: +0.384% → 0.000%: $38.4
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$55
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 24 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 BloFin live order book, 24 min ago	6.68 bp	22.1 bp −$22	55.0 bp −$550	392.5 bp −$39.3K	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 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	−0.0244%	4h	0.1482	−0.219%	$93K	$131K	—	as long as short
dYdX IMX-USDshort	0.0000%	1h	0.1491	+0.384%	$26K	$4K	5x
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1490	+0.337%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.020%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1492	+0.458%	$3.4M	$312K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1488	+0.218%	$3.6M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1487	+0.121%	$3.8M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1488	+0.175%	$936K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1485	0.000%	$635K	$76K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1489	+0.269%	$2.5M	$582K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1486	+0.067%	$374K	$165K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1489	+0.269%	$1.3M	$401K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1487	+0.135%	—	$2.9M	—	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1485	long leg	$185K	$123K	75x
Kraken Futures PF_IMXUSD	+0.2043%	1h	0.1497	+0.827%	$114K	$10K	20x	as long as short