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 Bybit−0.011%7-day average −0.032% · you buy dearer than you sell

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

Long on Bybit 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)+0.097%+$10 · spread now −0.011%, 7d avg −0.032%

Together, before fees+0.068%+ Points / potential airdropVariational Omni: Active · farm board+$7 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 0.020% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1502	0.0100	pay 0.0050% / 4h	34m 03s	$3.8M	$2.2M	75x
Short	Variational Omni IMX	0.1502	0.0100	get 0.0050% / 4h	34m 03s	$94K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.032%: $2.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.95
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 45 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 Bybit live order book, 3 min ago	3.33 bp	28.7 bp −$29	81.2 bp −$812	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 45 min ago	10.03 bp	doesn't fit	90.3 bp −$903	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	0.1505	+0.184%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.866%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1509	+0.446%	$3.5M	$292K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1503	+0.097%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1502	long leg	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1503	+0.040%	$952K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1501	−0.067%	$648K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1504	+0.133%	$2.8M	$568K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1504	+0.133%	$395K	$128K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1504	+0.133%	$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	0.1502	0.000%	—	$2.9M	—	as long as short
Variational Omni IMXshort	+0.0100%	4h	0.1502	−0.011%	$94K	$131K	—
dYdX IMX-USD	+0.0307%	1h	0.1506	+0.250%	$26K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1505	+0.200%	$192K	$143K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1342%	1h	0.1507	+0.311%	$114K	$11K	20x	as long as short