Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.041%

Price spread now: dYdX against Gate+0.250%46s7-day average — · you sell dearer than you buy

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

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and dYdX is 0.250% dearer against Gate than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1504	0.0100	pay 0.0050% / 4h	24m 50s	$649K	$141K	50x
Short	dYdX IMX-USD	0.1508	0.0226	get 0.0028% / 1h	24m 50s	$26K	$72	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now +0.250%Rate

Funding earned: $26.47
Price spread: +0.250% → 0.000%: $24.99
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: $26.46
Costs to cover: 0.250%
Break-even: 0.0 days

Slippage unknown: Gate: live order book, 51 min ago; dYdX: 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 Gate live order book, 51 min ago	6.69 bp	78.9 bp −$79	234.7 bp −$2,347	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1506	+0.149%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.731%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1510	+0.379%	$3.5M	$290K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1504	0.000%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1504	0.000%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1504	+0.020%	$953K	$1.7M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1504	long leg	$649K	$141K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1504	0.000%	$2.8M	$568K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1506	+0.133%	$396K	$128K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1506	+0.133%	$1.3M	$414K	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	0.1506	+0.133%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1505	+0.088%	$94K	$131K	—	as long as short
dYdX IMX-USDshort	+0.0226%	1h	0.1508	+0.250%	$26K	$72	5x
BloFin IMX-USDT	+0.0340%	4h	0.1506	+0.133%	$191K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1339%	1h	0.1509	+0.365%	$115K	$11K	20x	as long as short