Settings8H · net · $10k
Funding arb · Price arb /

IMX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h −0.039%
Price spread now: Hyperliquid against dYdX+0.345%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.345% dearer against dYdX than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX IMX-USD0.14930.0001pay 0.0000% / 1h8m 34s$26K$4K5x
ShortHyperliquid IMX0.14980.0168get 0.0021% / 1h8m 34s$3.4M$327K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$35.21
Price spread: +0.345% → 0.000%
$34.53
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$50.73
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Hyperliquid live order book, 3 min ago2.00 bp30.1 bp −$30doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) IMX/USDL +0.0001% / S +0.0004%1h0.1494+0.055%$2K150xas long as short
dYdX IMX-USDlong+0.0001%1h0.1493long leg$26K$4K5x
Variational Omni IMX+0.0003%4h0.1490−0.169%$93K$131Kas long as short
Injective IMX/USDC PERP+0.0033%1h0.1515+1.491%$559$28K5.5xas long as short
Binance IMXUSDT+0.0100%4h0.1494+0.073%$3.5M$5.9M75xas long as short
Bybit IMXUSDT+0.0100%4h0.1492−0.050%$3.8M$2.2M75xas long as short
OKX IMX-USDT-SWAP+0.0100%4h0.1494+0.104%$938K$1.5M20xas long as short
Gate IMX_USDT+0.0100%4h0.1493+0.017%$638K$75K50xas long as short
MEXC IMX_USDT+0.0100%4h0.1494+0.084%$2.4M$606K125xas long as short
KuCoin IMXUSDTM+0.0100%4h0.1494+0.084%$364K$182K50xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget IMXUSDT+0.0100%4h0.1494+0.084%$1.3M$407K75xas long as short
BingX IMX-USDT+0.0100%4h0.1492−0.050%$2.8Mas long as short
Hyperliquid IMXshort+0.0168%1h0.1498+0.345%$3.4M$327K5x
BloFin IMX-USDT+0.0340%4h0.1495+0.151%$182K$128K75xas long as short
Kraken Futures PF_IMXUSD+0.3070%1h0.1499+0.422%$114K$10K20xas long as short