Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.041%

Price spread now: MEXC against dYdX+0.126%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on MEXC

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

The price spread pays, funding is against you. MEXC is 0.126% dearer against dYdX than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX IMX-USD	0.1507	0.0198	pay 0.0025% / 1h	0m 25s	$26K	$72	5x
Short	MEXC IMX_USDT	0.1509	0.0100	get 0.0050% / 4h	0m 25s	$2.8M	$570K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$20.48
Price spread: +0.126% → 0.000%: $12.61
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$21.87
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	6.63 bp	11.4 bp −$11	36.8 bp −$368	207.4 bp −$20.7K	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	0.1513	+0.380%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.524%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1512	+0.304%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1512	+0.292%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1512	+0.358%	$956K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1508	+0.060%	$651K	$141K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1509	+0.126%	$2.8M	$570K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1510	+0.192%	$395K	$129K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1509	+0.126%	$1.3M	$395K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1513	+0.391%	—	$2.9M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IMX	+0.0100%	4h	0.1508	+0.046%	$94K	$131K	—	as long as short
Hyperliquid IMX	+0.0170%	1h	0.1516	+0.577%	$3.5M	$287K	5x	as long as short
dYdX IMX-USDlong	+0.0198%	1h	0.1507	long leg	$26K	$72	5x
BloFin IMX-USDT	+0.0340%	4h	0.1507	−0.007%	$190K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1333%	1h	0.1516	+0.589%	$115K	$11K	20x	as long as short