Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance−0.135%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$255as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2572.566% of the position

Long on Binance 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)−0.068%−$7 · spread now −0.135%, 7d avg −0.067%

Together, before fees−0.048%−$5 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 0.068% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1484	0.0100	pay 0.0050% / 4h	3h 00m	$3.6M	$5.7M	75x
Short	Gate IMX_USDT	0.1482	0.0100	get 0.0050% / 4h	3h 00m	$634K	$81K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.135%Rate

Funding earned: $0
Price spread: −0.135% → −0.067%: −$6.79
Slippage, 4 orders: −$231.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$263.37
Costs to cover: 2.566%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Gate: live order book, 51 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 Binance live order book, 8 min ago	3.36 bp	17.0 bp −$17	64.7 bp −$647	doesn't fit	doesn't fit
Sell Gate live order book, 51 min ago	3.33 bp	100.6 bp −$101	183.6 bp −$1,836	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
Variational Omni IMX	−0.0244%	4h	0.1482	−0.152%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1484	+0.022%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.089%	$559	$28K	5.5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1484	long leg	$3.6M	$5.7M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1482	−0.135%	$3.7M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1484	−0.027%	$933K	$1.5M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1482	−0.135%	$634K	$81K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1486	+0.135%	$2.6M	$583K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1482	−0.135%	$373K	$163K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1484	0.000%	$1.3M	$402K	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	0.1485	+0.067%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1481	−0.202%	$184K	$123K	75x	as long as short
dYdX IMX-USD	+0.0345%	1h	0.1484	−0.017%	$26K	$4K	5x	as long as short
Hyperliquid IMX	+0.0385%	1h	0.1488	+0.283%	$3.4M	$295K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1659%	1h	0.1491	+0.496%	$113K	$10K	20x	as long as short