Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0422%/8h= +46.2% APRpaid last 24h +0.038%

Price spread now: dYdX against MEXC−0.133%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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. dYdX is 0.133% cheaper against MEXC than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 25 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1499	0.0100	pay 0.0050% / 4h	3h 20m	$2.6M	$581K	125x
Short	dYdX IMX-USD	0.1497	0.0522	get 0.0065% / 1h	20m 09s	$26K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $88.68
Price spread: −0.133% → 0.000%: −$13.34
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: $61.34
Costs to cover: 0.140%
Break-even: 2.2 days

Slippage unknown: MEXC: live order book, 2 min ago; dYdX: no order-book sample. 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 MEXC live order book, 2 min ago	3.34 bp	15.2 bp −$15	41.9 bp −$419	211.3 bp −$21.1K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Variational Omni IMX	−0.0362%	4h	0.1496	−0.184%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1499	−0.025%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.067%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1499	−0.021%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1496	−0.200%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	−0.107%	$941K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1496	−0.200%	$641K	$80K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1499	long leg	$2.6M	$581K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1497	−0.133%	$381K	$161K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1498	−0.067%	$1.3M	$404K	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	0.1497	−0.133%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0325%	1h	0.1501	+0.160%	$3.4M	$294K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	−0.334%	$186K	$127K	75x	as long as short
dYdX IMX-USDshort	+0.0522%	1h	0.1497	−0.133%	$26K	$4K	5x
Kraken Futures PF_IMXUSD	+0.1645%	1h	0.1504	+0.366%	$114K	$10K	20x	as long as short