Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.030%

Price spread now: Gate against gTrade (Gains Network)−0.131%7-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 Gate

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. Gate is 0.131% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.3 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	gTrade (Gains Network) IMX/USD	0.1498	L −0.0002% / S +0.0004%	get 0.0000% / 1h	49m 09s	$6K	—	150x
Short	Gate IMX_USDT	0.1496	0.0100	get 0.0050% / 4h	2h 49m	$646K	$141K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.131%Rate

Funding earned: $21.34
Price spread: −0.131% → 0.000%: −$13.08
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.75
Costs to cover: 0.250%
Break-even: 12.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 37 min ago	6.66 bp	117.3 bp −$117	213.5 bp −$2,135	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	0.1498	long leg	$6K	—	150x
dYdX IMX-USD	0.0000%	1h	0.1497	−0.064%	$26K	$59	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.138%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1502	+0.303%	$3.4M	$287K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1498	+0.003%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1497	−0.064%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1499	+0.036%	$944K	$1.6M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1496	−0.131%	$646K	$141K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1499	+0.069%	$2.6M	$545K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1498	+0.003%	$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	0.1499	+0.069%	$1.3M	$414K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1499	+0.069%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1493	−0.364%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1492	−0.398%	$193K	$135K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1089%	1h	0.1502	+0.246%	$114K	$22K	20x	as long as short