Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0861%/8h= +94.3% APRpaid last 24h +0.041%

Price spread now: dYdX against MEXC−0.015%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$26 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1511	0.0100	pay 0.0050% / 4h	51m 12s	$2.8M	$567K	125x
Short	dYdX IMX-USD	0.1511	0.0961	get 0.0120% / 1h	51m 12s	$26K	$66	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $180.76
Price spread: −0.015% → 0.000%: −$1.53
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: $165.23
Costs to cover: 0.140%
Break-even: 0.6 days

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	3.31 bp	15.6 bp −$16	37.9 bp −$379	200.9 bp −$20.1K	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	0.1512	+0.078%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.265%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1517	+0.384%	$3.5M	$293K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1511	−0.016%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1510	−0.046%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1510	−0.079%	$958K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1510	−0.066%	$652K	$141K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1511	long leg	$2.8M	$567K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1511	0.000%	$393K	$127K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1512	+0.066%	$1.3M	$410K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1512	+0.066%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1507	−0.246%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1509	−0.132%	$190K	$142K	75x	as long as short
dYdX IMX-USDshort	+0.0961%	1h	0.1511	−0.015%	$26K	$66	5x
Kraken Futures PF_IMXUSD	+0.1336%	1h	0.1513	+0.151%	$115K	$11K	20x	as long as short