Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h −0.053%

Price spread now: OKX against dYdX−0.213%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 OKX

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. OKX is 0.213% cheaper against dYdX than usual: you would sell low and buy high (spread −0.213% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX IMX-USD	0.1527	0.0034	pay 0.0004% / 1h	11m 49s	$27K	$72	5x
Short	OKX IMX-USDT-SWAP	0.1524	0.0100	get 0.0050% / 4h	3h 11m	$966K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.213%Rate

Funding earned: $13.9
Price spread: −0.213% → 0.000%: −$21.32
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.42
Costs to cover: 0.200%
Break-even: 20.8 days

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	2.30 bp	31.1 bp −$31	doesn't fit	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 +0.0001% / S +0.0004%	1h	0.1528	+0.103%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.770%	$559	$28K	5.5x	as long as short
dYdX IMX-USDlong	+0.0034%	1h	0.1527	long leg	$27K	$72	5x
Hyperliquid IMX	+0.0100%	1h	0.1528	+0.108%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1523	−0.231%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1523	−0.226%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1524	−0.213%	$966K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1525	−0.115%	$656K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1524	−0.180%	$2.8M	$564K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1526	−0.049%	$395K	$129K	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	0.1526	−0.049%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1526	−0.049%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1520	−0.425%	$95K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1520	−0.442%	$191K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1213%	1h	0.1529	+0.164%	$116K	$11K	20x	as long as short