Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit0.000%7-day average +0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2402.405% of the position

Long on Bybit 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)+0.057%+$6 · spread now 0.000%, 7d avg +0.181%

Together, before fees+0.057%+$6 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 0.181% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IMXUSDT	0.1498	0.0100	pay 0.0050% / 4h	3h 30m	$3.8M	$2.1M	75x
Short	KuCoin IMXUSDTM	0.1498	0.0100	get 0.0050% / 4h	3h 30m	$381K	$164K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.181%: −$18.12
Slippage, 4 orders: −$217.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$258.59
Costs to cover: 2.405%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 42 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 Bybit live order book, 2 min ago	6.68 bp	28.8 bp −$29	85.1 bp −$851	doesn't fit	doesn't fit
Sell KuCoin live order book, 42 min ago	9.92 bp	78.9 bp −$79	163.2 bp −$1,632	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
Variational Omni IMX	−0.0402%	4h	0.1498	+0.016%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1501	+0.171%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.135%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1500	+0.137%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDTlong	+0.0100%	4h	0.1498	long leg	$3.8M	$2.1M	75x
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1499	+0.100%	$943K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1498	0.000%	$642K	$79K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1500	+0.134%	$2.6M	$577K	125x	as long as short
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1498	0.000%	$381K	$164K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1500	+0.134%	$1.3M	$403K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1500	+0.134%	—	$2.9M	—	as long as short
dYdX IMX-USD	+0.0277%	1h	0.1500	+0.115%	$26K	$3K	5x	as long as short
Hyperliquid IMX	+0.0308%	1h	0.1503	+0.354%	$3.5M	$293K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1500	+0.134%	$187K	$124K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1644%	1h	0.1505	+0.488%	$114K	$10K	20x	as long as short