Funding arb · Price arb /

IMX

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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 Bybit+0.198%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$250as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2492.486% of the position

Long on Bybit 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)−0.507%−$51 · spread now +0.198%, 7d avg +0.011%

Together, before fees−0.521%−$52 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 0.187% dearer against Bybit than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1518	0.0100	pay 0.0050% / 4h	1h 18m	$3.8M	$2.2M	75x
Short	Gate IMX_USDT	0.1521	0.0100	get 0.0050% / 4h	1h 18m	$652K	$82K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.198%Rate

Funding earned: $0
Price spread: +0.198% → +0.011%: $18.69
Slippage, 4 orders: −$222.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$229.87
Costs to cover: 2.486%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 43 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 Bybit live order book, 4 min ago	3.29 bp	38.2 bp −$38	124.8 bp −$1,248	doesn't fit	doesn't fit
Sell Gate live order book, 43 min ago	6.61 bp	96.7 bp −$97	218.2 bp −$2,182	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
Variational Omni IMX	−0.0569%	4h	0.1520	+0.113%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1524	+0.375%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1524	+0.370%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.198%	$559	$28K	5.5x	as long as short
OKX IMX-USDT-SWAP	+0.0085%	4h	0.1519	+0.092%	$953K	$1.6M	20x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1521	+0.189%	$3.7M	$5.7M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1518	long leg	$3.8M	$2.2M	75x
Gate IMX_USDTshort	+0.0100%	4h	0.1521	+0.198%	$652K	$82K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1521	+0.198%	$2.7M	$585K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1520	+0.132%	$378K	$159K	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	0.1523	+0.329%	$1.3M	$400K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1521	+0.198%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0183%	1h	0.1524	+0.402%	$3.5M	$279K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1522	+0.264%	$190K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.0708%	1h	0.1526	+0.553%	$116K	$10K	20x	as long as short