Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0339%/8h= +37.2% APRpaid last 24h +0.102%

Price spread now: BloFin against gTrade (Gains Network)−0.105%50s7-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 BloFin

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. BloFin is 0.105% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 25 hours of funding at the current rate (+$10 a day). The two prices were read 50 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	0.1517	L +0.0001% / S +0.0004%	pay 0.0000% / 1h	34m 21s	$2K	—	150x
Short	BloFin IMX-USDT	0.1515	0.0340	get 0.0170% / 4h	1h 34m	$191K	$125K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.105%Rate

Funding earned: $71.28
Price spread: −0.105% → 0.000%: −$10.55
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $38.73
Costs to cover: 0.220%
Break-even: 3.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	9.92 bp	24.3 bp −$24	50.5 bp −$505	301.1 bp −$30.1K	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
Variational Omni IMX	−0.0517%	4h	0.1510	−0.422%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1517	+0.046%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USDlong	L +0.0001% / S +0.0004%	1h	0.1517	long leg	$2K	—	150x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.105%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1514	−0.171%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1514	−0.145%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1515	−0.119%	$950K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1512	−0.303%	$648K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1513	−0.237%	$2.6M	$584K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1513	−0.237%	$376K	$159K	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	0.1515	−0.105%	$1.3M	$398K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1516	−0.040%	—	$2.9M	—	as long as short
BloFin IMX-USDTshort	+0.0340%	4h	0.1515	−0.105%	$191K	$125K	75x
Hyperliquid IMX	+0.0540%	1h	0.1520	+0.237%	$3.5M	$280K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.0712%	1h	0.1519	+0.179%	$115K	$10K	20x	as long as short