Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.065%

Price spread now: BloFin against dYdX−0.063%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. BloFin is 0.063% cheaper against dYdX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 15 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX IMX-USD	0.1502	0.0003	pay 0.0000% / 1h	31m 05s	$26K	$59	5x
Short	BloFin IMX-USDT	0.1501	0.0340	get 0.0170% / 4h	2h 31m	$193K	$136K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now −0.063%Rate

Funding earned: $70.73
Price spread: −0.063% → 0.000%: −$6.26
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $42.47
Costs to cover: 0.220%
Break-even: 2.8 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 51 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 51 min ago	13.34 bp	24.4 bp −$24	54.9 bp −$549	303.5 bp −$30.4K	doesn't fit

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
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1504	+0.166%	$6K	—	150x	as long as short
dYdX IMX-USDlong	+0.0003%	1h	0.1502	long leg	$26K	$59	5x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.870%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1506	+0.297%	$3.4M	$288K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1503	+0.071%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1501	−0.049%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1502	−0.029%	$946K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1501	−0.063%	$648K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1501	−0.063%	$2.6M	$548K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1503	+0.071%	$393K	$122K	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	0.1502	+0.004%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1501	−0.063%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1499	−0.199%	$94K	$132K	—	as long as short
BloFin IMX-USDTshort	+0.0340%	4h	0.1501	−0.063%	$193K	$136K	75x
Kraken Futures PF_IMXUSD	+0.1087%	1h	0.1505	+0.200%	$114K	$22K	20x	as long as short