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 +0.005%

Price spread now: Bitget against Variational Omni+0.443%7-day average +0.139% · you sell dearer than you buy

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

Long on Variational Omni Short on Bitget

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)−0.455%−$45 · spread now +0.443%, 7d avg +0.139%

Together, before fees−0.425%+ Points / potential airdropVariational Omni: Active · farm board−$43 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: Bitget is 0.304% dearer against Variational Omni than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IMX	0.1520	0.0100	pay 0.0050% / 4h	3h 13m	$95K	$131K	—
Short	Bitget IMXUSDT	0.1527	0.0100	get 0.0050% / 4h	3h 13m	$1.3M	$403K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpOrdersPrice spread, now +0.443%Rate

Funding earned: $0
Price spread: +0.443% → +0.139%: $30.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $18.38
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 61 min ago; Bitget: live order book, 3 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, 61 min ago	10.00 bp	doesn't fit	83.3 bp −$833	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.56 bp	55.3 bp −$55	127.4 bp −$1,274	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 +0.0001% / S +0.0004%	1h	0.1529	+0.554%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.346%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0035%	1h	0.1527	+0.427%	$27K	$72	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1530	+0.667%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1526	+0.377%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1524	+0.272%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1526	+0.358%	$966K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1527	+0.443%	$657K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1525	+0.312%	$2.8M	$564K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1528	+0.509%	$400K	$129K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTshort	+0.0100%	4h	0.1527	+0.443%	$1.3M	$403K	75x
BingX IMX-USDT	+0.0100%	4h	0.1527	+0.443%	—	$2.9M	—	as long as short
Variational Omni IMXlong	+0.0100%	4h	0.1520	long leg	$95K	$131K	—
BloFin IMX-USDT	+0.0340%	4h	0.1520	−0.017%	$191K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1211%	1h	0.1532	+0.802%	$116K	$11K	20x	as long as short