Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate0.000%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2722.723% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.270%+$27 · spread now 0.000%, 7d avg +0.097%

Together, before fees+0.284%+$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.097% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1502	0.0100	pay 0.0050% / 4h	1h 58m	$642K	$59K	50x
Short	Bitget IMXUSDT	0.1502	0.0100	get 0.0050% / 4h	1h 58m	$1.3M	$302K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.097%: −$9.71
Slippage, 4 orders: −$245.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$281.97
Costs to cover: 2.723%
Break-even: never at this rate

Slippage from Gate: live order book, 51 min ago; Bitget: live order book, 1 min ago.

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 Gate live order book, 51 min ago	3.33 bp	109.4 bp −$109	242.4 bp −$2,424	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.33 bp	29.2 bp −$29	82.5 bp −$825	doesn't fit	doesn't fit

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
Variational Omni IMX	−0.0037%	4h	0.1498	−0.256%	$94K	$109K	—	as long as short
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1503	+0.034%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.866%	$559	$27K	5.5x	as long as short
dYdX IMX-USD	+0.0089%	1h	0.1504	+0.133%	$33K	$18K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1502	+0.027%	$3.6M	$5.4M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1500	−0.126%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1502	+0.007%	$937K	$1.4M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1502	long leg	$642K	$59K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1502	0.000%	$2.5M	$570K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1500	−0.133%	$351K	$180K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTshort	+0.0100%	4h	0.1502	0.000%	$1.3M	$302K	75x
BingX IMX-USDT	+0.0100%	4h	0.1501	−0.067%	—	$4.4M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1501	−0.067%	$182K	$148K	75x	as long as short
Hyperliquid IMX	+0.0375%	1h	0.1507	+0.333%	$3.4M	$247K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1936%	1h	0.1508	+0.374%	$114K	$4K	20x	as long as short