Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: gTrade (Gains Network) against Bybit+0.175%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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. gTrade (Gains Network) is 0.175% dearer against Bybit than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1496	0.0100	pay 0.0050% / 4h	3h 19m	$3.8M	$2.2M	75x
Short	gTrade (Gains Network) IMX/USD	0.1499	L +0.0001% / S +0.0004%	pay 0.0001% / 1h	19m 55s	$2K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.175%Rate

Funding earned: −$21.9
Price spread: +0.175% → 0.000%: $17.51
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$25.38
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; gTrade (Gains Network): 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 Bybit live order book, 3 min ago	3.36 bp	35.0 bp −$35	104.7 bp −$1,047	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Variational Omni IMX	−0.0362%	4h	0.1496	+0.016%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USDshort	L +0.0001% / S +0.0004%	1h	0.1499	+0.175%	$2K	—	150x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.270%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1498	+0.127%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1496	long leg	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	+0.040%	$941K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1496	0.000%	$641K	$80K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1498	+0.134%	$2.6M	$581K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1498	+0.134%	$381K	$161K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1498	+0.134%	$1.3M	$404K	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	0.1498	+0.134%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0325%	1h	0.1501	+0.361%	$3.4M	$294K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	−0.134%	$186K	$127K	75x	as long as short
dYdX IMX-USD	+0.0522%	1h	0.1497	+0.067%	$26K	$4K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1645%	1h	0.1504	+0.567%	$114K	$10K	20x	as long as short