Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.041%

Price spread now: Gate against dYdX+0.016%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 6 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX IMX-USD	0.1483	0.0029	pay 0.0004% / 1h	35m 23s	$26K	$4K	5x
Short	Gate IMX_USDT	0.1483	0.0100	get 0.0050% / 4h	2h 35m	$634K	$76K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: $15.01
Price spread: +0.016% → 0.000%: $1.6
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$8.39
Costs to cover: 0.250%
Break-even: 10.9 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 11 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 dYdX no order-book sample	—	—	—	—	—
Sell Gate live order book, 11 min ago	3.37 bp	100.4 bp −$100	171.0 bp −$1,710	doesn't fit	doesn't fit

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
Variational Omni IMX	−0.0149%	4h	0.1480	−0.202%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1485	+0.161%	$2K	—	150x	as long as short
dYdX IMX-USDlong	+0.0029%	1h	0.1483	long leg	$26K	$4K	5x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.174%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1490	+0.475%	$3.4M	$323K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1486	+0.218%	$3.6M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1484	+0.050%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1485	+0.164%	$930K	$1.6M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1483	+0.016%	$634K	$76K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1485	+0.151%	$2.4M	$601K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1483	+0.016%	$373K	$165K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1486	+0.218%	$1.3M	$408K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1483	+0.016%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1476	−0.456%	$184K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2056%	1h	0.1488	+0.343%	$113K	$10K	20x	as long as short