Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0073%/8h= −7.9% APRpaid last 24h +0.041%

Price spread now: dYdX against BingX+0.051%7-day average — · you sell dearer than you buy

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

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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. dYdX is 0.051% dearer against BingX than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1482	0.0100	pay 0.0050% / 4h	2h 34m	—	$2.9M	—
Short	dYdX IMX-USD	0.1483	0.0027	get 0.0003% / 1h	34m 48s	$26K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$15.25
Price spread: +0.051% → 0.000%: $5.15
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$30.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago	10.10 bp	26.3 bp −$26	57.0 bp −$570	466.2 bp −$46.6K	975.8 bp −$487.9K
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
Variational Omni IMX	−0.0149%	4h	0.1480	−0.150%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1485	+0.213%	$2K	—	150x	as long as short
dYdX IMX-USDshort	+0.0027%	1h	0.1483	+0.051%	$26K	$4K	5x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.227%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1486	+0.256%	$3.4M	$323K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1481	−0.042%	$3.5M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1482	+0.013%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1480	−0.155%	$928K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1483	+0.067%	$634K	$76K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1481	−0.067%	$2.4M	$601K	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	0.1482	0.000%	$373K	$165K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1484	+0.135%	$1.3M	$408K	75x	as long as short
BingX IMX-USDTlong	+0.0100%	4h	0.1482	long leg	—	$2.9M	—
BloFin IMX-USDT	+0.0340%	4h	0.1483	+0.067%	$185K	$126K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2051%	1h	0.1492	+0.656%	$113K	$10K	20x	as long as short