Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate0.000%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2042.036% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now 0.000%, 7d avg +0.065%

Together, before fees+0.165%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.065% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1495	0.0100	pay 0.0050% / 4h	1h 15m	$645K	$141K	50x
Short	Binance IMXUSDT	0.1495	0.0100	get 0.0050% / 4h	1h 15m	$3.6M	$5.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.065%: −$6.54
Slippage, 4 orders: −$178.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$210.1
Costs to cover: 2.036%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Binance: live order book, 8 min ago.

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 Gate live order book, 1 min ago	6.69 bp	78.9 bp −$79	234.7 bp −$2,347	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.34 bp	18.9 bp −$19	67.2 bp −$672	doesn't fit	doesn't fit

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	+0.114%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.338%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1500	+0.307%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1500	+0.361%	$3.4M	$289K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1495	0.000%	$3.6M	$5.9M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1494	−0.067%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1495	−0.020%	$938K	$1.7M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1495	long leg	$645K	$141K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1495	0.000%	$2.8M	$578K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1496	+0.067%	$396K	$124K	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	$416K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1495	0.000%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1493	−0.113%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1495	0.000%	$190K	$146K	75x	as long as short
dYdX IMX-USD	+0.2379%	1h	0.1497	+0.154%	$26K	$59	5x	as long as short