Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.029%

Price spread now: dYdX against BloFin−0.019%92s7-day average — · you buy dearer than you sell

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

Long on BloFin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin IMX-USDT	0.1511	0.0340	pay 0.0170% / 4h	1h 03m	$190K	$124K	75x
Short	dYdX IMX-USD	0.1511	0	get 0.0000% / 1h	3m 31s	$26K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$71.4
Price spread: −0.019% → 0.000%: −$1.9
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$95.3
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 32 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 BloFin live order book, 32 min ago	9.92 bp	24.2 bp −$24	58.7 bp −$587	353.2 bp −$35.3K	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
Variational Omni IMX	−0.0640%	4h	0.1506	−0.350%	$95K	$131K	—	as long as short
dYdX IMX-USDshort	0.0000%	1h	0.1511	−0.019%	$26K	$2K	5x
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1510	−0.089%	$2K	—	150x	as long as short
OKX IMX-USDT-SWAP	+0.0005%	4h	0.1508	−0.199%	$945K	$1.6M	20x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.265%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1507	−0.265%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.331%	$3.8M	$2.2M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1505	−0.397%	$645K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1508	−0.199%	$2.6M	$585K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1509	−0.132%	$376K	$161K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1508	−0.199%	$1.3M	$400K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1508	−0.199%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0127%	1h	0.1514	+0.165%	$3.5M	$282K	5x	as long as short
BloFin IMX-USDTlong	+0.0340%	4h	0.1511	long leg	$190K	$124K	75x
Kraken Futures PF_IMXUSD	+0.0715%	1h	0.1512	+0.095%	$115K	$10K	20x	as long as short