Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0276%/8h= −30.3% APRpaid last 24h −0.041%

Price spread now: MEXC against dYdX+0.018%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 MEXC

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: −$8 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	0.1499	0.0376	pay 0.0047% / 1h	8m 43s	$26K	$4K	5x
Short	MEXC IMX_USDT	0.1499	0.0100	get 0.0050% / 4h	2h 08m	$2.4M	$617K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$58.04
Price spread: +0.018% → 0.000%: $1.8
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.24
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	3.34 bp	5.7 bp −$6	31.4 bp −$314	192.3 bp −$19.2K	348.3 bp −$174.1K

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	−0.0072%	4h	0.1494	−0.300%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1499	−0.008%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.086%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1501	+0.158%	$3.4M	$325K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1498	−0.016%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1498	−0.055%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1498	−0.022%	$937K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1498	−0.049%	$640K	$76K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1499	+0.018%	$2.4M	$617K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1498	−0.049%	$390K	$170K	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	0.1499	+0.018%	$1.3M	$410K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1498	−0.049%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1497	−0.115%	$182K	$128K	75x	as long as short
dYdX IMX-USDlong	+0.0376%	1h	0.1499	long leg	$26K	$4K	5x
Kraken Futures PF_IMXUSD	+0.2033%	1h	0.1505	+0.401%	$114K	$10K	20x	as long as short