Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.021%

Price spread now: gTrade (Gains Network) against OKX+0.155%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.155% dearer against OKX than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1498	0.0018	pay 0.0009% / 4h	39m 59s	$941K	$1.6M	20x
Short	gTrade (Gains Network) IMX/USD	0.1501	L +0.0001% / S +0.0004%	pay 0.0001% / 1h	39m 59s	$2K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.155%Rate

Funding earned: −$4.73
Price spread: +0.155% → 0.000%: $15.48
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$9.24
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	4.01 bp	33.4 bp −$33	1704.5 bp −$17.0K	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	−0.0705%	4h	0.1496	−0.139%	$94K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1501	+0.163%	$26K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USDshort	L +0.0001% / S +0.0004%	1h	0.1501	+0.155%	$2K	—	150x
OKX IMX-USDT-SWAPlong	+0.0018%	4h	0.1498	long leg	$941K	$1.6M	20x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.115%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1502	+0.220%	$3.5M	$289K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1499	+0.047%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1497	−0.087%	$3.8M	$2.1M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1499	+0.047%	$642K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1498	−0.020%	$2.6M	$573K	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	0.1499	+0.047%	$373K	$159K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1500	+0.113%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1499	+0.047%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1499	+0.047%	$189K	$123K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1084%	1h	0.1502	+0.224%	$114K	$10K	20x	as long as short