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 +0.005%

Price spread now: Variational Omni against OKX+0.185%7-day average −0.109% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.165%−$17 · spread now +0.185%, 7d avg −0.109%

Together, before fees−0.185%+ Points / potential airdropVariational Omni: Active · farm board−$18 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: Variational Omni is 0.294% dearer against OKX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1514	0.0100	pay 0.0050% / 4h	3h 55m	$958K	$1.7M	20x
Short	Variational Omni IMX	0.1516	0.0100	get 0.0050% / 4h	3h 55m	$95K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.185%Rate

Funding earned: $0
Price spread: +0.185% → −0.109%: $29.35
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $19.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; Variational Omni: RFQ quote, 18 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 OKX live order book, 1 min ago	0.66 bp	34.6 bp −$35	2228.6 bp −$22.3K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 18 min ago	10.00 bp	doesn't fit	83.3 bp −$833	doesn't fit	doesn't fit

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	0.1518	+0.280%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.099%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1520	+0.449%	$3.5M	$287K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1514	+0.023%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1513	−0.007%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1514	long leg	$958K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1515	+0.099%	$653K	$79K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1514	+0.033%	$2.8M	$558K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1516	+0.165%	$396K	$129K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1516	+0.165%	$1.3M	$398K	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	0.1514	+0.033%	—	$2.9M	—	as long as short
Variational Omni IMXshort	+0.0100%	4h	0.1516	+0.185%	$95K	$131K	—
dYdX IMX-USD	+0.0275%	1h	0.1517	+0.214%	$27K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1511	−0.165%	$191K	$143K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1218%	1h	0.1523	+0.655%	$116K	$11K	20x	as long as short