Funding arb · Price arb /

IMX

all IMX markets

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: Gate against MEXC+0.066%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1891.890% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.066%, 7d avg −0.068%

Together, before fees−0.185%−$19 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: Gate is 0.134% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1509	0.0100	pay 0.0050% / 4h	3h 41m	$2.8M	$562K	125x
Short	Gate IMX_USDT	0.1510	0.0100	get 0.0050% / 4h	3h 41m	$651K	$79K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.068%: $13.39
Slippage, 4 orders: −$169.96
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$175.57
Costs to cover: 1.890%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 30 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 MEXC live order book, 5 min ago	3.32 bp	14.3 bp −$14	37.4 bp −$374	199.4 bp −$19.9K	doesn't fit
Sell Gate live order book, 30 min ago	3.33 bp	85.3 bp −$85	264.7 bp −$2,647	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
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1511	+0.114%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.398%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0061%	1h	0.1509	0.000%	$26K	$72	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1514	+0.318%	$3.5M	$286K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1508	−0.048%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1508	−0.080%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1508	−0.053%	$954K	$1.7M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1510	+0.066%	$651K	$79K	50x
MEXC IMX_USDTlong	+0.0100%	4h	0.1509	long leg	$2.8M	$562K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1509	0.000%	$394K	$128K	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	0.1510	+0.066%	$1.3M	$395K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1509	0.000%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1503	−0.380%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1510	+0.066%	$193K	$144K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1225%	1h	0.1515	+0.368%	$115K	$11K	20x	as long as short