Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against Gate+0.092%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2552.553% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.092%, 7d avg +0.064%

Together, before fees−0.004%$0 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: OKX is 0.028% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1514	0.0100	pay 0.0050% / 4h	2h 21m	$649K	$83K	50x
Short	OKX IMX-USDT-SWAP	0.1515	0.0100	get 0.0050% / 4h	2h 21m	$951K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.064%: $2.83
Slippage, 4 orders: −$230.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$252.46
Costs to cover: 2.553%
Break-even: never at this rate

Slippage from Gate: live order book, 45 min ago; OKX: live order book, 5 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, 45 min ago	3.28 bp	80.1 bp −$80	268.3 bp −$2,683	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.31 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit

IMX on 14 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	−0.0219%	4h	0.1515	+0.050%	$95K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1519	+0.305%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0016%	1h	0.1517	+0.180%	$27K	$1K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.066%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1521	+0.489%	$3.5M	$282K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1515	+0.090%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1514	0.000%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1515	+0.092%	$951K	$1.7M	20x
Gate IMX_USDTlong	+0.0100%	4h	0.1514	long leg	$649K	$83K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1515	+0.066%	$2.8M	$563K	125x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1514	0.000%	$376K	$159K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1517	+0.198%	$1.3M	$399K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1514	0.000%	—	$2.9M	—	as long as short
Kraken Futures PF_IMXUSD	+0.1290%	1h	0.1519	+0.325%	$115K	$11K	20x	as long as short