Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.040%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2442.439% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.145%+$14 · spread now −0.040%, 7d avg −0.009%

Together, before fees+0.159%+$16 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: Bybit is 0.031% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1503	0.0100	pay 0.0050% / 4h	2h 57m	$644K	$81K	50x
Short	Bybit IMXUSDT	0.1502	0.0100	get 0.0050% / 4h	2h 57m	$3.8M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.009%: −$3.05
Slippage, 4 orders: −$217.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$246.99
Costs to cover: 2.439%
Break-even: never at this rate

Slippage from Gate: live order book, 9 min ago; Bybit: live order book, just now.

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, 9 min ago	3.28 bp	80.1 bp −$80	268.3 bp −$2,683	doesn't fit	doesn't fit
Sell Bybit live order book, just now	6.66 bp	28.1 bp −$28	82.0 bp −$820	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
dYdX IMX-USD	0.0000%	1h	0.1509	+0.379%	$26K	$72	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1508	+0.310%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.798%	$559	$28K	5.5x	as long as short
Variational Omni IMX	+0.0063%	4h	0.1508	+0.315%	$95K	$131K	—	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1507	+0.293%	$3.5M	$284K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1504	+0.045%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDTshort	+0.0100%	4h	0.1502	−0.040%	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1502	−0.060%	$950K	$1.6M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1503	long leg	$644K	$81K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1504	+0.067%	$2.8M	$554K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1503	0.000%	$389K	$156K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1503	0.000%	$1.3M	$405K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1501	−0.133%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1512	+0.599%	$192K	$132K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1298%	1h	0.1510	+0.438%	$115K	$11K	20x	as long as short