Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.3072%/8h= +336.3% APRpaid last 24h +0.025%

Price spread now: dYdX against Variational Omni+0.300%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$92 a day on $10k at the current rate, and dYdX is 0.300% dearer against Variational Omni than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IMX	0.1492	0.0100	pay 0.0050% / 4h	1h 26m	$94K	$131K	—
Short	dYdX IMX-USD	0.1497	0.3172	get 0.0396% / 1h	26m 29s	$26K	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.300%Rate

Funding earned: $645.04
Price spread: +0.300% → 0.000%: $29.96
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $665
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 57 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 Variational Omni RFQ quote, 57 min ago	13.26 bp	doesn't fit	86.2 bp −$862	doesn't fit	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
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1496	+0.230%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.520%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1501	+0.553%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1498	+0.408%	$3.4M	$279K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1493	+0.062%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1493	+0.046%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1493	+0.046%	$936K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1494	+0.113%	$645K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1494	+0.113%	$2.8M	$577K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1497	+0.314%	$395K	$124K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1495	+0.180%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1494	+0.113%	—	$2.9M	—	as long as short
Variational Omni IMXlong	+0.0100%	4h	0.1492	long leg	$94K	$131K	—
BloFin IMX-USDT	+0.0340%	4h	0.1492	−0.021%	$191K	$146K	75x	as long as short
dYdX IMX-USDshort	+0.3172%	1h	0.1497	+0.300%	$26K	$59	5x