Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against Gate−0.061%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$294as in the Funding arb table

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$2912.907% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.061%, 7d avg +0.066%

Together, before fees+0.198%+$20 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: OKX is 0.127% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1481	0.0100	pay 0.0050% / 4h	2h 41m	$633K	$76K	50x
Short	OKX IMX-USDT-SWAP	0.1480	0.0100	get 0.0050% / 4h	2h 41m	$929K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → +0.066%: −$12.67
Slippage, 4 orders: −$265.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$303.38
Costs to cover: 2.907%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	3.37 bp	114.8 bp −$115	230.9 bp −$2,309	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.34 bp	38.2 bp −$38	doesn't fit	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
Variational Omni IMX	−0.0201%	4h	0.1483	+0.151%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1483	+0.109%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0023%	1h	0.1483	+0.135%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.296%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1485	+0.250%	$3.4M	$316K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1482	+0.068%	$3.5M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1479	−0.135%	$3.8M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1480	−0.061%	$929K	$1.5M	20x
Gate IMX_USDTlong	+0.0100%	4h	0.1481	long leg	$633K	$76K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1481	0.000%	$2.5M	$587K	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	0.1483	+0.135%	$373K	$165K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1482	+0.068%	$1.3M	$402K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1480	−0.068%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1483	+0.135%	$183K	$123K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2056%	1h	0.1488	+0.473%	$113K	$10K	20x	as long as short