Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Variational Omni against MEXC−0.244%7-day average −0.112% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)+0.267%+$27 · spread now −0.244%, 7d avg −0.112%

Together, before fees+0.238%+ Points / potential airdropVariational Omni: Active · farm board+$24 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: Variational Omni is 0.131% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1508	0.0100	pay 0.0050% / 4h	28m 33s	$2.8M	$568K	125x
Short	Variational Omni IMX	0.1504	0.0100	get 0.0050% / 4h	28m 33s	$94K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.244%Rate

Funding earned: $0
Price spread: −0.244% → −0.112%: −$13.12
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.12
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 50 min ago. 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, 3 min ago	3.32 bp	13.9 bp −$14	38.4 bp −$384	212.2 bp −$21.2K	doesn't fit
Sell Variational Omni RFQ quote, 50 min ago	10.03 bp	doesn't fit	90.3 bp −$903	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	0.1510	+0.115%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.464%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1512	+0.252%	$3.5M	$292K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1509	+0.043%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1507	−0.080%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1508	−0.027%	$955K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1506	−0.133%	$650K	$141K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1508	long leg	$2.8M	$568K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	0.000%	$396K	$128K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1509	+0.066%	$1.3M	$415K	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	0.1508	0.000%	—	$2.9M	—	as long as short
Variational Omni IMXshort	+0.0100%	4h	0.1504	−0.244%	$94K	$131K	—
dYdX IMX-USD	+0.0248%	1h	0.1510	+0.120%	$26K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1506	−0.133%	$192K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1337%	1h	0.1512	+0.288%	$115K	$11K	20x	as long as short