ArbiLayer

IMX arbitrage

live

Live Immutable price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.06%Bybit → Hyperliquid · Perp–Perp
Best perp–perp spread+0.22%Bybit → Hyperliquid
Markets tracked169 venues · 9 perp · 7 spot · 0 DEX
Price range0.36%$0.1747 – $0.1753

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.1747Hyperliquid logoHyperliquid$0.1751 +0.22%+0.06% +0.21%— 0.000%— LS Chart →
OKX logoOKX$0.1748Hyperliquid logoHyperliquid$0.1751 +0.18%+0.02% +0.19%— +0.063%— LS Chart →
Binance logoBinance$0.1748Hyperliquid logoHyperliquid$0.1751 +0.16%+0.00% +0.16%— 0.000%— LS Chart →
Gate logoGate$0.1748Hyperliquid logoHyperliquid$0.1751 +0.16%+0.00% +0.16%— 0.000%— LS Chart →
Bitget logoBitget$0.1749Hyperliquid logoHyperliquid$0.1751 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
MEXC logoMEXC$0.1749Hyperliquid logoHyperliquid$0.1751 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Variational logoVariational$0.1749Hyperliquid logoHyperliquid$0.1751 +0.10%-0.06% +0.10%— +0.000%— LS Chart →
KuCoin logoKuCoin$0.1749Hyperliquid logoHyperliquid$0.1751 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Bybit logoBybit$0.1747Bitget logoBitget$0.1748 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
Bybit logoBybit$0.1747MEXC logoMEXC$0.1748 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
OKX logoOKX$0.1748Bitget logoBitget$0.1748 +0.02%-0.14% +0.03%— +0.063%— LS Chart →
OKX logoOKX$0.1748MEXC logoMEXC$0.1748 +0.02%-0.14% +0.03%— +0.063%— LS Chart →
Binance logoBinance$0.1748Bitget logoBitget$0.1748 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Binance logoBinance$0.1748MEXC logoMEXC$0.1748 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Bybit logoBybit$0.1747Binance logoBinance$0.1747 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

IMX price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · IMXUSDTPerpetual $0.1746$0.1747$0.1747-0.14% +0.030%$1.67M
OKX logoOKXPerpetual · IMX-USDT-SWAPPerpetual $0.1747$0.1748$0.1747-0.10% -0.033%$1.66M
Gate logoGatePerpetual · IMX_USDTPerpetual $0.1746$0.1748$0.1747-0.11% +0.030%$1.21M
MEXC logoMEXCPerpetual · IMX_USDTPerpetual $0.1748$0.1749$0.1749-0.03% +0.030%$834.9K
Hyperliquid logoHyperliquidPerpetual · IMXPerpetual $0.1751$0.1755$0.1753+0.21% +0.030%$636.5K
Bitget logoBitgetPerpetual · IMXUSDTPerpetual $0.1748$0.1749$0.1749-0.03% +0.030%$333.6K
Variational logoVariationalPerpetual · IMXPerpetual $0.1744$0.1749$0.1747-0.14% +0.030%$151.0K
OKX logoOKXSpot · IMX-USDTSpot $0.1749$0.1751$0.175+0.06% —$144.5K
Bybit logoBybitSpot · IMXUSDTSpot $0.1751$0.1752$0.1752+0.14% —$113.5K
KuCoin logoKuCoinPerpetual · IMXUSDTMPerpetual $0.1747$0.1749$0.1748-0.06% +0.030%$79.0K
KuCoin logoKuCoinSpot · IMX-USDTSpot $0.1749$0.175$0.175+0.03% —$62.5K
Gate logoGateSpot · IMX_USDTSpot $0.1749$0.1752$0.1751+0.10% —$48.1K
Bitget logoBitgetSpot · IMXUSDTSpot $0.1749$0.1752$0.175+0.09% —$45.6K
Binance logoBinancePerpetual · IMXUSDTPerpetual $0.1747$0.1748$0.1748-0.09% +0.030%—
Binance logoBinanceSpot · IMXUSDTSpot $0.175$0.1751$0.175+0.09% ——
MEXC logoMEXCSpot · IMXUSDTSpot $0.175$0.1752$0.1751+0.11% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

IMX arbitrage explained

Right now Immutable (IMX) trades on 9 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.1747 and the highest bid on Bybit spot at $0.1751.

The widest IMX perpetual spread is between Bybit and Hyperliquid: long IMX on Bybit at $0.1747 and short on Hyperliquid at $0.1751 for +0.22% gross, or +0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best IMX route is to buy spot on KuCoin and short the perpetual on Hyperliquid: +0.05% gross, -0.15% net, with +0.030% a day of funding on the short leg.

Spot–spot IMX arbitrage (buy on KuCoin, withdraw, deposit and sell on Bybit) shows +0.06% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small IMX gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: IMX funding rates · IMX spread charts · Immutable price · arbitrage scanner for all coins.

Is there a IMX arbitrage opportunity right now?

The best IMX route right now is to buy on Bybit → sell on Hyperliquid (Perp–Perp): +0.22% gross and +0.06% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest IMX?

Bybit (perp) has the lowest IMX ask at $0.1747, and Bybit (spot) the highest bid at $0.1751. Prices update every 15 seconds on this page.

How many exchanges list IMX?

ArbiLayer tracks 16 IMX markets on 9 venues: 9 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage IMX without transferring coins?

Use two perpetual contracts: go long IMX on the cheaper exchange (Bybit now) and short it on the more expensive one (Hyperliquid), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

CRO +18.26%BDX +7.08%ONE +6.79%BLAST +6.74%ESPORTS +6.53%OPENAI +5.07%FLYBRAIN +4.64%AI +4.06%SPCX +3.72%ANTHROPIC +3.56%EGLD +3.50%CATE +3.44%OURA +3.05%ZIL +3.04%SNEK +3.02%H100 +2.81%STAMP +2.44%BEN +2.38%