Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1553%/8h= +170.0% APRpaid last 24h +0.363%

Price spread now: Kraken Futures against Gate+0.271%7-day average +0.346% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$421as in the Price arb table

costs, in and out, $10k−$4144.136% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.551%+$255 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.271%, 7d avg +0.346%

Together, before fees+2.625%+$262 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.076% cheaper against Gate than usual: you would sell low and buy high (spread +0.271% now, against its 7-day average of +0.346%). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$47 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1493	0.0100	pay 0.0050% / 4h	3h 12m	$639K	$80K	50x
Short	Kraken Futures PF_IMXUSD	0.1497	0.1653	get 0.0207% / 1h	12m 05s	$114K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.271%Rate

Funding earned: $326.08
Price spread: +0.271% → +0.346%: −$7.59
Slippage, 4 orders: −$388.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$95.14
Costs to cover: 4.136%
Break-even: 9.0 days

Slippage from Gate: live order book, 39 min ago; Kraken Futures: live order book, 40 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 Gate live order book, 39 min ago	3.33 bp	111.3 bp −$111	219.1 bp −$2,191	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 40 min ago	50.53 bp	78.5 bp −$79	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
Variational Omni IMX	−0.0335%	4h	0.1493	+0.016%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1494	+0.067%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.474%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1493	+0.005%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1491	−0.121%	$3.8M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1493	−0.013%	$938K	$1.6M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1493	long leg	$639K	$80K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1493	0.000%	$2.6M	$581K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1494	+0.067%	$380K	$162K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1494	+0.067%	$1.3M	$404K	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	0.1493	0.000%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	+0.067%	$186K	$127K	75x	as long as short
Hyperliquid IMX	+0.0371%	1h	0.1497	+0.301%	$3.4M	$294K	5x	as long as short
dYdX IMX-USD	+0.0433%	1h	0.1495	+0.116%	$26K	$4K	5x	as long as short
Kraken Futures PF_IMXUSDshort	+0.1653%	1h	0.1497	+0.271%	$114K	$10K	20x