Funding arb · Price arb /

IMX

all IMX markets

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 BingX0.000%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3203.195% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now 0.000%, 7d avg +0.100%

Together, before fees+0.077%+$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 0.100% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1513	0.0100	pay 0.0050% / 4h	2h 27m	—	$2.9M	—
Short	KuCoin IMXUSDTM	0.1513	0.0100	get 0.0050% / 4h	2h 27m	$377K	$158K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.100%: −$9.97
Slippage, 4 orders: −$297.53
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$329.5
Costs to cover: 3.195%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 10 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 BingX live order book, 3 min ago	6.61 bp	23.3 bp −$23	54.2 bp −$542	413.8 bp −$41.4K	980.5 bp −$490.2K
Sell KuCoin live order book, 10 min ago	13.24 bp	116.5 bp −$117	196.7 bp −$1,967	doesn't fit	doesn't fit

IMX on 14 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
Variational Omni IMX	−0.0240%	4h	0.1511	−0.148%	$95K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1517	+0.239%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0018%	1h	0.1514	+0.079%	$26K	$1K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.132%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1520	+0.496%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1515	+0.114%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1514	+0.066%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1514	+0.066%	$950K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1512	−0.066%	$648K	$83K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1515	+0.132%	$2.8M	$563K	125x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1513	0.000%	$377K	$158K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1516	+0.198%	$1.3M	$399K	75x	as long as short
BingX IMX-USDTlong	+0.0100%	4h	0.1513	long leg	—	$2.9M	—
Kraken Futures PF_IMXUSD	+0.1291%	1h	0.1518	+0.325%	$115K	$11K	20x	as long as short