IMX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0772%/8h= −84.5% APRnext payment −$3.86 per $10,000 · paid last 24h −0.005%

Price spread now: Variational Omni against Bitget−0.117%7-day average −0.142% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.117%, 7d avg −0.142%

Together, before fees+0.173%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.025% dearer against Bitget than usual: you sell high and buy low (spread −0.117% now, against its 7-day average of −0.142%): +$2 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 3 days (−0.030% in total) that is about 2.9 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.030% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1501	0.0100	pay 0.0050% / 4h	49m 51s	$1.3M	$402K	75x
Short	Variational Omni IMX	0.1499	−0.0672	pay 0.0336% / 4h	49m 51s	$94K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.117%Rate

Funding earned: −$162.03
Price spread: −0.117% → −0.142%: $2.47
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$171.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; Variational Omni: RFQ quote, 9 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 Bitget live order book, 2 min ago	3.33 bp	38.0 bp −$38	96.7 bp −$967	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 9 min ago	9.96 bp	doesn't fit	56.4 bp −$564	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
Variational Omni IMXshort	−0.0672%	4h	0.1499	−0.117%	$94K	$131K	—
OKX IMX-USDT-SWAP	−0.0006%	4h	0.1499	−0.120%	$940K	$1.6M	20x	as long as short
dYdX IMX-USD	0.0000%	1h	0.1507	+0.366%	$26K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1503	+0.107%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.933%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1500	−0.067%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1498	−0.200%	$3.8M	$2.1M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1498	−0.200%	$642K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1501	0.000%	$2.6M	$572K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1497	−0.266%	$373K	$159K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTlong	+0.0100%	4h	0.1501	long leg	$1.3M	$402K	75x
BingX IMX-USDT	+0.0100%	4h	0.1500	−0.067%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0158%	1h	0.1503	+0.160%	$3.5M	$287K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1504	+0.200%	$190K	$124K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1083%	1h	0.1504	+0.173%	$114K	$10K	20x	as long as short