ArbiLayer

IMX arbitrage

live

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

Best net spread+0.08%Bybit → Hyperliquid · Perp–Perp
Best perp–perp spread+0.24%Bybit → Hyperliquid
Markets tracked159 venues · 8 perp · 7 spot · 0 DEX
Price range0.35%$0.173 – $0.1736

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.1736Hyperliquid logoHyperliquid$0.1734 -0.09%-0.29% -0.09%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.1736Hyperliquid logoHyperliquid$0.1734 -0.10%-0.30% -0.10%— +0.030%— LS Chart →
Binance logoBinancespot$0.1736Hyperliquid logoHyperliquid$0.1734 -0.11%-0.31% -0.11%— +0.030%— LS Chart →
Bybit logoBybitspot$0.1736Hyperliquid logoHyperliquid$0.1734 -0.11%-0.31% -0.11%— +0.030%— LS Chart →
OKX logoOKXspot$0.1736Hyperliquid logoHyperliquid$0.1734 -0.11%-0.31% -0.11%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.1736Hyperliquid logoHyperliquid$0.1734 -0.11%-0.31% -0.11%— +0.030%— LS Chart →
Gate logoGatespot$0.1736Bitget logoBitget$0.1733 -0.15%-0.35% -0.14%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.1737Hyperliquid logoHyperliquid$0.1734 -0.17%-0.37% -0.17%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.1736Bitget logoBitget$0.1733 -0.17%-0.37% -0.16%— +0.030%— LS Chart →
Binance logoBinancespot$0.1736Bitget logoBitget$0.1733 -0.17%-0.37% -0.17%— +0.030%— LS Chart →
Bybit logoBybitspot$0.1736Bitget logoBitget$0.1733 -0.17%-0.37% -0.17%— +0.030%— LS Chart →
OKX logoOKXspot$0.1736Bitget logoBitget$0.1733 -0.17%-0.37% -0.17%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.1736Bitget logoBitget$0.1733 -0.17%-0.37% -0.17%— +0.030%— LS Chart →
Gate logoGatespot$0.1736Binance logoBinance$0.1732 -0.21%-0.41% -0.20%— +0.030%— LS Chart →
Gate logoGatespot$0.1736MEXC logoMEXC$0.1732 -0.21%-0.41% -0.20%— +0.030%— 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 $0.1729$0.173$0.173-0.29% +0.030%$2.14M
OKX logoOKXPerpetual · IMX-USDT-SWAPPerpetual $0.1732$0.1732$0.1732-0.14% +0.030%$2.07M
MEXC logoMEXCPerpetual · IMX_USDTPerpetual $0.1732$0.1733$0.1733-0.12% +0.030%$966.3K
Hyperliquid logoHyperliquidPerpetual · IMXPerpetual $0.1734$0.1737$0.1736+0.07% +0.030%$800.1K
Bitget logoBitgetPerpetual · IMXUSDTPerpetual $0.1733$0.1734$0.1734-0.06% +0.030%$414.3K
OKX logoOKXSpot · IMX-USDTSpot $0.1734$0.1736$0.1735+0.03% —$181.1K
Bybit logoBybitSpot · IMXUSDTSpot $0.1733$0.1736$0.17350.00% —$152.4K
Variational logoVariationalPerpetual · IMXPerpetual $0.1729$0.1734$0.1732-0.17% +0.030%$139.3K
KuCoin logoKuCoinPerpetual · IMXUSDTMPerpetual $0.1731$0.1734$0.1733-0.12% +0.030%$116.2K
Gate logoGateSpot · IMX_USDTSpot $0.1734$0.1736$0.1735+0.01% —$68.4K
KuCoin logoKuCoinSpot · IMX-USDTSpot $0.1734$0.1736$0.1735+0.03% —$68.1K
Bitget logoBitgetSpot · IMXUSDTSpot $0.1732$0.1737$0.17350.00% —$54.9K
Binance logoBinancePerpetual · IMXUSDTPerpetual $0.1732$0.1733$0.1733-0.12% +0.030%—
Binance logoBinanceSpot · IMXUSDTSpot $0.1734$0.1736$0.1735+0.03% ——
MEXC logoMEXCSpot · IMXUSDTSpot $0.1734$0.1736$0.1735+0.02% ——
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: 8 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.173 and the highest bid on Hyperliquid perp at $0.1734.

The widest IMX perpetual spread is between Bybit and Hyperliquid: long IMX on Bybit at $0.173 and short on Hyperliquid at $0.1734 for +0.24% gross, or +0.08% 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 Gate and short the perpetual on Hyperliquid: -0.09% gross, -0.29% net, with +0.030% a day of funding on the short leg.

Spot–spot IMX arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.09% 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): +0.24% gross and +0.08% 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 $0.173, and Hyperliquid (perp) the highest bid at $0.1734. Prices update every 15 seconds on this page.

How many exchanges list IMX?

ArbiLayer tracks 15 IMX markets on 9 venues: 8 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

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