Funding arb · Price arb /

IMX

all IMX markets

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: OKX against Variational Omni−0.002%7-day average +0.109% · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.002%, 7d avg +0.109%

Together, before fees+0.002%+ Points / potential airdropVariational Omni: Active · farm board$0 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: OKX is 0.111% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IMX	0.1504	0.0100	pay 0.0050% / 4h	29m 49s	$94K	$131K	—
Short	OKX IMX-USDT-SWAP	0.1504	0.0100	get 0.0050% / 4h	29m 49s	$953K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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 Variational OmnibpFee OKXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → +0.109%: −$11.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.06
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 49 min ago; OKX: live order book, 2 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 Variational Omni RFQ quote, 49 min ago	10.03 bp	doesn't fit	83.6 bp −$836	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.66 bp	32.7 bp −$33	doesn't fit	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	0.1506	+0.128%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.709%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1511	+0.424%	$3.5M	$292K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1504	−0.022%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1504	−0.035%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1504	−0.002%	$953K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1504	−0.022%	$649K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1504	−0.022%	$2.8M	$568K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1506	+0.111%	$396K	$128K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1506	+0.111%	$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	0.1505	+0.045%	—	$2.9M	—	as long as short
Variational Omni IMXlong	+0.0100%	4h	0.1504	long leg	$94K	$131K	—
dYdX IMX-USD	+0.0265%	1h	0.1506	+0.095%	$26K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1506	+0.111%	$192K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1339%	1h	0.1510	+0.382%	$115K	$11K	20x	as long as short