Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Binance against gTrade (Gains Network)+0.042%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 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 +$3 a day on $10k at the current rate, and Binance is 0.042% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 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	gTrade (Gains Network) IMX/USD	0.1511	L +0.0001% / S +0.0004%	pay 0.0000% / 1h	44m 13s	$2K	—	150x
Short	Binance IMXUSDT	0.1512	0.0100	get 0.0050% / 4h	2h 44m	$3.7M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: $20.88
Price spread: +0.042% → 0.000%: $4.18
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $5.06
Costs to cover: 0.200%
Break-even: 5.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	3.32 bp	23.9 bp −$24	75.1 bp −$751	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.0115%	4h	0.1504	−0.454%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USDlong	L +0.0001% / S +0.0004%	1h	0.1511	long leg	$2K	—	150x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.256%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0038%	1h	0.1510	−0.091%	$26K	$964	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1517	+0.395%	$3.5M	$285K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1512	+0.042%	$3.7M	$5.8M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1510	−0.075%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1512	+0.051%	$951K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1508	−0.207%	$647K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1511	−0.009%	$2.8M	$562K	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	0.1508	−0.207%	$378K	$157K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1512	+0.058%	$1.3M	$405K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1510	−0.075%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1507	−0.273%	$191K	$132K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1291%	1h	0.1517	+0.405%	$115K	$11K	20x	as long as short