Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h +0.007%

Price spread now: dYdX against Gate+0.196%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. dYdX is 0.196% dearer against Gate than usual: you sell high and buy low (spread +0.196% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1499	0.0100	pay 0.0050% / 4h	2h 38m	$647K	$142K	50x
Short	dYdX IMX-USD	0.1502	0.0004	get 0.0001% / 1h	38m 31s	$26K	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$20.11
Price spread: +0.196% → 0.000%: $19.61
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$25.5
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 47 min ago; dYdX: no order-book sample. 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 Gate live order book, 47 min ago	6.66 bp	71.1 bp −$71	230.5 bp −$2,305	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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/USD	L −0.0002% / S +0.0004%	1h	0.1503	+0.267%	$6K	—	150x	as long as short
dYdX IMX-USDshort	+0.0004%	1h	0.1502	+0.196%	$26K	$59	5x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.067%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1504	+0.300%	$3.4M	$288K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1499	0.000%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1499	−0.020%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1499	+0.027%	$945K	$1.6M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1499	long leg	$647K	$142K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1499	0.000%	$2.6M	$546K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1503	+0.267%	$387K	$120K	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	0.1501	+0.133%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1500	+0.067%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1500	+0.067%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1499	0.000%	$193K	$136K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1088%	1h	0.1504	+0.312%	$114K	$22K	20x	as long as short