Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: gTrade (Gains Network) against MEXC+0.342%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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. gTrade (Gains Network) is 0.342% dearer against MEXC than usual: you sell high and buy low (spread +0.342% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1497	0.0100	pay 0.0050% / 4h	3h 55m	$2.4M	$592K	125x
Short	gTrade (Gains Network) IMX/USD	0.1502	L −0.0002% / S +0.0004%	pay 0.0001% / 1h	55m 39s	$6K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.342%Rate

Funding earned: −$21.9
Price spread: +0.342% → 0.000%: $34.2
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$1.69
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; gTrade (Gains Network): 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	3.33 bp	9.6 bp −$10	47.1 bp −$471	229.2 bp −$22.9K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L −0.0002% / S +0.0004%	1h	0.1502	+0.342%	$6K	—	150x
dYdX IMX-USD	0.0000%	1h	0.1504	+0.448%	$26K	$8K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.202%	$559	$28K	5.5x	as long as short
Variational Omni IMX	+0.0051%	4h	0.1499	+0.150%	$94K	$131K	—	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1501	+0.281%	$3.4M	$326K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1497	−0.017%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1496	−0.067%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	+0.027%	$937K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1499	+0.134%	$640K	$71K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1497	long leg	$2.4M	$592K	125x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1499	+0.134%	$353K	$184K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1500	+0.200%	$1.3M	$393K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1498	+0.067%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1502	+0.334%	$182K	$137K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3380%	1h	0.1507	+0.641%	$114K	$10K	20x	as long as short