Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0342%/8h= +37.4% APRpaid last 24h +0.102%

Price spread now: BloFin against gTrade (Gains Network)−0.269%50s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. BloFin is 0.269% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.269% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 2.6 days of funding at the current rate (+$10 a day). The two prices were read 50 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	gTrade (Gains Network) IMX/USD	0.1493	L −0.0002% / S +0.0004%	get 0.0000% / 1h	5m 23s	$6K	—	150x
Short	BloFin IMX-USDT	0.1489	0.0340	get 0.0170% / 4h	1h 05m	$181K	$151K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.269%Rate

Funding earned: $71.74
Price spread: −0.269% → 0.000%: −$26.93
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $22.81
Costs to cover: 0.220%
Break-even: 4.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 32 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 BloFin live order book, 32 min ago	3.36 bp	21.3 bp −$21	43.1 bp −$431	309.9 bp −$31.0K	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 exchanges

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/USDlong	L −0.0002% / S +0.0004%	1h	0.1493	long leg	$6K	—	150x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.472%	$559	$27K	5.5x	as long as short
Variational Omni IMX	+0.0036%	4h	0.1491	−0.128%	$93K	$98K	—	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1492	−0.068%	$3.5M	$4.6M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1492	−0.102%	$3.8M	$1.9M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1492	−0.075%	$931K	$1.3M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1491	−0.135%	$638K	$60K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1492	−0.068%	$2.5M	$577K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1492	−0.068%	$344K	$179K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1494	+0.066%	$1.3M	$269K	75x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1492	−0.068%	—	$4.3M	—	as long as short
dYdX IMX-USD	+0.0188%	1h	0.1493	−0.027%	$33K	$18K	5x	as long as short
BloFin IMX-USDTshort	+0.0340%	4h	0.1489	−0.269%	$181K	$151K	75x
Hyperliquid IMX	+0.0440%	1h	0.1497	+0.300%	$3.4M	$245K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1954%	1h	0.1493	+0.011%	$113K	$4K	20x	as long as short