Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.030%

Price spread now: Binance against gTrade (Gains Network)−0.050%52s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

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—needs both histories

Funding pays, the price is against you. Binance is 0.050% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 39 hours of funding at the current rate (+$3 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) IMX/USD	0.1510	L −0.0002% / S +0.0004%	get 0.0000% / 1h	3m 26s	$6K	—	150x
Short	Binance IMXUSDT	0.1509	0.0100	get 0.0050% / 4h	3m 26s	$3.7M	$5.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: $21.34
Price spread: −0.050% → 0.000%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.67
Costs to cover: 0.200%
Break-even: 8.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	3.32 bp	23.0 bp −$23	69.7 bp −$697	doesn't fit	doesn't fit

gTrade (Gains Network): 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/USDlong	L −0.0002% / S +0.0004%	1h	0.1510	long leg	$6K	—	150x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.350%	$559	$28K	5.5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1509	−0.050%	$3.7M	$5.9M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.233%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1509	−0.061%	$955K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1506	−0.246%	$650K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1508	−0.114%	$2.8M	$570K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1507	−0.180%	$394K	$129K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1509	−0.048%	$1.3M	$402K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1508	−0.114%	—	$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	0.1501	−0.558%	$94K	$131K	—	as long as short
dYdX IMX-USD	+0.0147%	1h	0.1507	−0.174%	$26K	$72	5x	as long as short
Hyperliquid IMX	+0.0192%	1h	0.1515	+0.323%	$3.5M	$287K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1502	−0.511%	$190K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1335%	1h	0.1514	+0.263%	$115K	$11K	20x	as long as short