Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0065%/8h= −7.2% APRpaid last 24h +0.053%

Price spread now: dYdX against OKX+0.236%7-day average — · you sell dearer than you buy

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

Long on OKX 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 pays, funding is against you. dYdX is 0.236% dearer against OKX than usual: you sell high and buy low (spread +0.236% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1524	0.0100	pay 0.0050% / 4h	3h 12m	$966K	$1.7M	20x
Short	dYdX IMX-USD	0.1528	0.0035	get 0.0004% / 1h	12m 03s	$27K	$72	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now +0.236%Rate

Funding earned: −$13.75
Price spread: +0.236% → 0.000%: $23.62
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$10.13
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	2.30 bp	34.8 bp −$35	1976.2 bp −$19.8K	doesn't fit	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 +0.0001% / S +0.0004%	1h	0.1528	+0.258%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.617%	$559	$28K	5.5x	as long as short
dYdX IMX-USDshort	+0.0035%	1h	0.1528	+0.236%	$27K	$72	5x
Hyperliquid IMX	+0.0100%	1h	0.1528	+0.262%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1525	+0.018%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1524	−0.039%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1524	long leg	$966K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1525	+0.039%	$656K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1524	−0.026%	$2.8M	$564K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1526	+0.105%	$395K	$129K	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	0.1526	+0.105%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1527	+0.171%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1520	−0.271%	$95K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1520	−0.289%	$191K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1213%	1h	0.1529	+0.319%	$116K	$11K	20x	as long as short