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 0.000%

Price spread now: Gate against MEXC+0.133%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2142.143% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.133%, 7d avg −0.065%

Together, before fees−0.228%−$23 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: Gate is 0.198% dearer against MEXC than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1509	0.0100	pay 0.0050% / 4h	2h 20m	$2.7M	$563K	125x
Short	Gate IMX_USDT	0.1511	0.0100	get 0.0050% / 4h	2h 20m	$648K	$83K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → −0.065%: $19.78
Slippage, 4 orders: −$195.32
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$194.54
Costs to cover: 2.143%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 46 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 MEXC live order book, 1 min ago	6.61 bp	19.2 bp −$19	47.3 bp −$473	215.2 bp −$21.5K	doesn't fit
Sell Gate live order book, 46 min ago	3.28 bp	101.1 bp −$101	279.8 bp −$2,798	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	−0.0232%	4h	0.1512	+0.180%	$95K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1517	+0.504%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0015%	1h	0.1517	+0.512%	$27K	$1K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.398%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1516	+0.477%	$3.5M	$282K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1509	+0.028%	$3.6M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1510	+0.053%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1510	+0.046%	$948K	$1.6M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1511	+0.133%	$648K	$83K	50x
MEXC IMX_USDTlong	+0.0100%	4h	0.1509	long leg	$2.7M	$563K	125x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTM	+0.0100%	4h	0.1511	+0.133%	$375K	$159K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1511	+0.133%	$1.3M	$399K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1512	+0.199%	—	$2.9M	—	as long as short
Kraken Futures PF_IMXUSD	+0.1291%	1h	0.1517	+0.543%	$115K	$11K	20x	as long as short