Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Gate+0.013%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2652.652% of the position

Long on Gate Short on Bybit

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)+0.172%+$17 · spread now +0.013%, 7d avg −0.011%

Together, before fees+0.186%+$19 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: Bybit is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1501	0.0100	pay 0.0050% / 4h	2h 31m	$648K	$142K	50x
Short	Bybit IMXUSDT	0.1501	0.0100	get 0.0050% / 4h	2h 31m	$3.9M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.011%: $2.43
Slippage, 4 orders: −$239.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$262.74
Costs to cover: 2.652%
Break-even: never at this rate

Slippage from Gate: live order book, 55 min ago; Bybit: 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, 55 min ago	6.66 bp	71.1 bp −$71	230.5 bp −$2,305	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.67 bp	40.6 bp −$41	88.7 bp −$887	doesn't fit	doesn't fit

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/USD	L −0.0002% / S +0.0004%	1h	0.1504	+0.229%	$6K	—	150x	as long as short
dYdX IMX-USD	+0.0003%	1h	0.1502	+0.063%	$26K	$59	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.933%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1506	+0.360%	$3.4M	$288K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1503	+0.133%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDTshort	+0.0100%	4h	0.1501	+0.013%	$3.9M	$2.2M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1502	+0.033%	$946K	$1.6M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1501	long leg	$648K	$142K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1501	0.000%	$2.6M	$548K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1503	+0.133%	$393K	$122K	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	0.1502	+0.067%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1501	0.000%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1499	−0.137%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1501	0.000%	$193K	$136K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1087%	1h	0.1505	+0.263%	$114K	$22K	20x	as long as short