Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.011%

Price spread now: Variational Omni against dYdX−0.101%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.101% cheaper against dYdX than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX IMX-USD	0.1497	0	get 0.0000% / 1h	51m 10s	$26K	$59	5x
Short	Variational Omni IMX	0.1495	0.0100	get 0.0050% / 4h	2h 51m	$94K	$132K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.101%Rate

Funding earned: $21
Price spread: −0.101% → 0.000%: −$10.07
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.93
Costs to cover: 0.100%
Break-even: 6.7 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 37 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 Variational Omni RFQ quote, 37 min ago	13.28 bp	doesn't fit	86.3 bp −$863	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	0.1497	−0.008%	$6K	—	150x	as long as short
dYdX IMX-USDlong	0.0000%	1h	0.1497	long leg	$26K	$59	5x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.202%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1499	+0.114%	$3.4M	$287K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1495	−0.161%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1494	−0.207%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1494	−0.194%	$943K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1494	−0.200%	$645K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1496	−0.067%	$2.5M	$542K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1497	0.000%	$386K	$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	0.1496	−0.067%	$1.3M	$414K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1495	−0.134%	—	$2.6M	—	as long as short
Variational Omni IMXshort	+0.0100%	4h	0.1495	−0.101%	$94K	$132K	—
BloFin IMX-USDT	+0.0340%	4h	0.1496	−0.067%	$193K	$136K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1092%	1h	0.1497	+0.010%	$114K	$22K	20x	as long as short