Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.4840%/8h= −530.0% APRpaid last 24h −0.020%

Price spread now: Gate against dYdX−0.060%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 Gate

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

Both sides work against this trade now: funding costs −$145 a day on $10k at the current rate, and Gate is 0.060% cheaper against dYdX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX IMX-USD	0.1502	0.4940	pay 0.0618% / 1h	40m 28s	$26K	$59	5x
Short	Gate IMX_USDT	0.1501	0.0100	get 0.0050% / 4h	1h 40m	$648K	$140K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.060%Rate

Funding earned: −$1,016.42
Price spread: −0.060% → 0.000%: −$5.99
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,047.41
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 41 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 Gate live order book, 41 min ago	6.64 bp	105.9 bp −$106	202.2 bp −$2,022	doesn't fit	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	0.1502	+0.021%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.872%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1506	+0.293%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1506	+0.273%	$3.4M	$281K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1501	−0.058%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1500	−0.093%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1500	−0.107%	$943K	$1.7M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1501	−0.060%	$648K	$140K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1503	+0.073%	$2.6M	$550K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1503	+0.073%	$391K	$121K	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	+0.007%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1502	+0.007%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1496	−0.369%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1502	+0.007%	$191K	$147K	75x	as long as short
dYdX IMX-USDlong	+0.4940%	1h	0.1502	long leg	$26K	$59	5x