Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.020%

Price spread now: OKX against gTrade (Gains Network)−0.102%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 OKX

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. OKX is 0.102% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.102% 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	gTrade (Gains Network) IMX/USD	0.1529	L +0.0001% / S +0.0004%	pay 0.0000% / 1h	10m 09s	$2K	—	150x
Short	OKX IMX-USDT-SWAP	0.1527	0.0100	get 0.0050% / 4h	3h 10m	$967K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $20.88
Price spread: −0.102% → 0.000%: −$10.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$9.32
Costs to cover: 0.200%
Break-even: 10.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: 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 OKX live order book, 2 min ago	2.63 bp	31.2 bp −$31	doesn't fit	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 +0.0001% / S +0.0004%	1h	0.1529	long leg	$2K	—	150x
dYdX IMX-USD	+0.0033%	1h	0.1527	−0.118%	$27K	$72	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.887%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1531	+0.179%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1527	−0.095%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1525	−0.213%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1527	−0.102%	$967K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1526	−0.167%	$656K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1527	−0.102%	$2.8M	$564K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1527	−0.102%	$396K	$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	0.1529	+0.029%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1525	−0.233%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1520	−0.544%	$95K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1524	−0.298%	$192K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1211%	1h	0.1532	+0.197%	$116K	$11K	20x	as long as short