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: MEXC against Variational Omni+0.280%7-day average +0.109% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

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)−0.351%−$35 · spread now +0.280%, 7d avg +0.109%

Together, before fees−0.321%+ Points / potential airdropVariational Omni: Active · farm board−$32 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: MEXC is 0.171% dearer against Variational Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IMX	0.1493	0.0100	pay 0.0050% / 4h	1h 20m	$94K	$131K	—
Short	MEXC IMX_USDT	0.1497	0.0100	get 0.0050% / 4h	1h 20m	$2.8M	$578K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.280%Rate

Funding earned: $0
Price spread: +0.280% → +0.109%: $17.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $13.11
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 63 min ago; MEXC: live order book, 1 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, 63 min ago	13.26 bp	doesn't fit	86.2 bp −$862	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.34 bp	9.5 bp −$10	34.5 bp −$345	187.1 bp −$18.7K	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	0.1498	+0.368%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.486%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1500	+0.498%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1502	+0.629%	$3.5M	$289K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1497	+0.248%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1496	+0.240%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	+0.274%	$939K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1497	+0.280%	$646K	$141K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1497	+0.280%	$2.8M	$578K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1499	+0.414%	$396K	$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	0.1498	+0.347%	$1.3M	$417K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1498	+0.347%	—	$2.9M	—	as long as short
Variational Omni IMXlong	+0.0100%	4h	0.1493	long leg	$94K	$131K	—
BloFin IMX-USDT	+0.0340%	4h	0.1497	+0.280%	$192K	$147K	75x	as long as short
dYdX IMX-USD	+0.2684%	1h	0.1499	+0.401%	$26K	$59	5x	as long as short