Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1237%/8h= +135.4% APRpaid last 24h +0.353%

Price spread now: Kraken Futures against Bitget+0.221%7-day average +0.254% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$262as in the Price arb table

costs, in and out, $10k−$2582.584% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.440%+$244 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.221%, 7d avg +0.254%

Together, before fees+2.453%+$245 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.033% cheaper against Bitget than usual: you would sell low and buy high (spread +0.221% now, against its 7-day average of +0.254%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$37 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1509	0.0100	pay 0.0050% / 4h	28m 51s	$1.3M	$415K	75x
Short	Kraken Futures PF_IMXUSD	0.1512	0.1337	get 0.0167% / 1h	28m 51s	$115K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.221%Rate

Funding earned: $259.69
Price spread: +0.221% → +0.254%: −$3.32
Slippage, 4 orders: −$236.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$2.02
Costs to cover: 2.584%
Break-even: 7.1 days

Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 48 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 Bitget live order book, 2 min ago	3.32 bp	27.5 bp −$28	76.6 bp −$766	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 48 min ago	41.73 bp	55.6 bp −$56	doesn't fit	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 −0.0002% / S +0.0004%	1h	0.1510	+0.049%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.398%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1512	+0.186%	$3.5M	$292K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1509	−0.023%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1507	−0.133%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1508	−0.040%	$955K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1506	−0.199%	$650K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1509	0.000%	$2.8M	$568K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1507	−0.133%	$396K	$128K	50x	as long as short
Bitget IMXUSDTlong	+0.0100%	4h	0.1509	long leg	$1.3M	$415K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1507	−0.133%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1504	−0.310%	$94K	$131K	—	as long as short
dYdX IMX-USD	+0.0256%	1h	0.1506	−0.215%	$26K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1506	−0.199%	$192K	$142K	75x	as long as short
Kraken Futures PF_IMXUSDshort	+0.1337%	1h	0.1512	+0.221%	$115K	$11K	20x