Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.030%

Price spread now: Bybit against gTrade (Gains Network)−0.223%7-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 Bybit

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

Funding pays, the price is against you. Bybit is 0.223% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.223% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 7.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) IMX/USD	0.1508	L −0.0002% / S +0.0004%	get 0.0000% / 1h	25m 57s	$6K	—	150x
Short	Bybit IMXUSDT	0.1505	0.0100	get 0.0050% / 4h	25m 57s	$3.8M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.223%Rate

Funding earned: $21.34
Price spread: −0.223% → 0.000%: −$22.34
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22
Costs to cover: 0.210%
Break-even: 14.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	6.64 bp	27.9 bp −$28	85.3 bp −$853	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
gTrade (Gains Network) IMX/USDlong	L −0.0002% / S +0.0004%	1h	0.1508	long leg	$6K	—	150x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.440%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1511	+0.194%	$3.5M	$292K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1504	−0.290%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDTshort	+0.0100%	4h	0.1505	−0.223%	$3.8M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1505	−0.217%	$953K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1505	−0.223%	$649K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1505	−0.223%	$2.8M	$568K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1506	−0.157%	$396K	$128K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1507	−0.091%	$1.3M	$414K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1506	−0.157%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1505	−0.202%	$94K	$131K	—	as long as short
dYdX IMX-USD	+0.0233%	1h	0.1510	+0.095%	$26K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1508	−0.025%	$192K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1339%	1h	0.1510	+0.081%	$115K	$11K	20x	as long as short