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 0.000%

Price spread now: KuCoin against Binance0.000%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2692.686% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now 0.000%, 7d avg +0.111%

Together, before fees+0.078%+$8 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: KuCoin is 0.111% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1526	0.0100	pay 0.0050% / 4h	3h 10m	$3.7M	$5.8M	75x
Short	KuCoin IMXUSDTM	0.1526	0.0100	get 0.0050% / 4h	3h 10m	$395K	$129K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.111%: −$11.06
Slippage, 4 orders: −$246.56
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$279.62
Costs to cover: 2.686%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 41 min ago.

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 Binance live order book, 12 min ago	3.30 bp	21.7 bp −$22	69.4 bp −$694	doesn't fit	doesn't fit
Sell KuCoin live order book, 41 min ago	6.63 bp	113.0 bp −$113	326.6 bp −$3,266	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	0.1526	−0.015%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.721%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0034%	1h	0.1527	+0.050%	$27K	$72	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1531	+0.315%	$3.5M	$283K	5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1526	long leg	$3.7M	$5.8M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1524	−0.111%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1527	+0.059%	$966K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1526	0.000%	$656K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1525	−0.066%	$2.8M	$564K	125x	as long as short
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1526	0.000%	$395K	$129K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1528	+0.131%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1527	+0.066%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1520	−0.377%	$95K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1524	−0.131%	$192K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1215%	1h	0.1527	+0.058%	$116K	$11K	20x	as long as short