Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.132%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$2102.096% of the position

Long on Gate Short on MEXC

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)−0.016%−$2 · spread now +0.132%, 7d avg +0.065%

Together, before fees−0.037%−$4 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: MEXC is 0.067% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1511	0.0100	pay 0.0050% / 4h	1h 58m	$648K	$81K	50x
Short	MEXC IMX_USDT	0.1513	0.0100	get 0.0050% / 4h	1h 58m	$2.6M	$582K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → +0.065%: $6.71
Slippage, 4 orders: −$190.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$202.89
Costs to cover: 2.096%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; MEXC: live order book, 3 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 Gate live order book, 3 min ago	6.61 bp	87.7 bp −$88	260.6 bp −$2,606	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	3.31 bp	10.6 bp −$11	35.9 bp −$359	180.5 bp −$18.0K	332.9 bp −$166.4K

IMX on 14 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	−0.0400%	4h	0.1512	+0.049%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1516	+0.331%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1515	+0.242%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.265%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1518	+0.450%	$3.5M	$281K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1512	+0.076%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1510	−0.040%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1513	+0.126%	$949K	$1.6M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1511	long leg	$648K	$81K	50x
MEXC IMX_USDTshort	+0.0100%	4h	0.1513	+0.132%	$2.6M	$582K	125x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1511	0.000%	$376K	$159K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1514	+0.199%	$1.3M	$398K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1512	+0.066%	—	$2.9M	—	as long as short
Kraken Futures PF_IMXUSD	+0.0711%	1h	0.1520	+0.597%	$115K	$10K	20x	as long as short