Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h +0.041%

Price spread now: dYdX against Binance+0.259%7-day average — · you sell dearer than you buy

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

Long on Binance 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 +$5 a day on $10k at the current rate, and dYdX is 0.259% dearer against Binance than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1513	0.0100	pay 0.0050% / 4h	3h 55m	$3.7M	$5.9M	75x
Short	dYdX IMX-USD	0.1517	0.0275	get 0.0034% / 1h	55m 17s	$27K	$72	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.259%Rate

Funding earned: $36.75
Price spread: +0.259% → 0.000%: $25.95
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $42.7
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 13 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 Binance live order book, 13 min ago	3.32 bp	15.6 bp −$16	62.1 bp −$621	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	0.1514	+0.074%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.144%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1518	+0.323%	$3.5M	$287K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1513	long leg	$3.7M	$5.9M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1513	+0.032%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1511	−0.133%	$957K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1514	+0.078%	$653K	$79K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1513	+0.012%	$2.8M	$558K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1516	+0.210%	$396K	$129K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1516	+0.210%	$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	+0.078%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1516	+0.230%	$95K	$131K	—	as long as short
dYdX IMX-USDshort	+0.0275%	1h	0.1517	+0.259%	$27K	$72	5x
BloFin IMX-USDT	+0.0340%	4h	0.1511	−0.120%	$191K	$143K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1224%	1h	0.1515	+0.154%	$115K	$11K	20x	as long as short