Funding arb · Price arb /

IMX

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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 +0.005%

Price spread now: Binance against Variational Omni+0.459%7-day average +0.108% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.559%−$56 · spread now +0.459%, 7d avg +0.108%

Together, before fees−0.530%+ Points / potential airdropVariational Omni: Active · farm board−$53 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: Binance is 0.351% dearer against Variational Omni than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IMX	0.1501	0.0100	pay 0.0050% / 4h	2h 26m	$94K	$132K	—
Short	Binance IMXUSDT	0.1508	0.0100	get 0.0050% / 4h	2h 26m	$3.7M	$6.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.459%Rate

Funding earned: $0
Price spread: +0.459% → +0.108%: $35.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $25.13
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 62 min ago; Binance: live order book, 12 min ago. 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 Variational Omni RFQ quote, 62 min ago	13.28 bp	doesn't fit	86.3 bp −$863	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	6.67 bp	24.5 bp −$24	74.2 bp −$742	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	0.1505	+0.250%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.937%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1510	+0.624%	$3.5M	$288K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1508	+0.459%	$3.7M	$6.0M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1507	+0.404%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1507	+0.431%	$947K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1506	+0.338%	$650K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1507	+0.404%	$2.6M	$548K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1509	+0.538%	$394K	$122K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1509	+0.538%	$1.3M	$414K	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	0.1509	+0.538%	—	$2.6M	—	as long as short
Variational Omni IMXlong	+0.0100%	4h	0.1501	long leg	$94K	$132K	—
BloFin IMX-USDT	+0.0340%	4h	0.1505	+0.271%	$193K	$146K	75x	as long as short
dYdX IMX-USD	+0.0390%	1h	0.1508	+0.471%	$26K	$59	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1086%	1h	0.1505	+0.303%	$114K	$22K	20x	as long as short