Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Gate+0.133%7-day average +0.179% · you sell dearer than you buy

Net, funding: paid 7d − costs−$340as in the Funding arb table

Net, price: spread back to 7d avg − costs−$346as in the Price arb table

costs, in and out, $10k−$3423.417% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.133%, 7d avg +0.179%

Together, before fees+0.113%+$11 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 0.046% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1507	0.0100	pay 0.0050% / 4h	56m 36s	$650K	$141K	50x
Short	KuCoin IMXUSDTM	0.1509	0.0100	get 0.0050% / 4h	56m 36s	$392K	$127K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → +0.179%: −$4.63
Slippage, 4 orders: −$314.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$346.34
Costs to cover: 3.417%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; KuCoin: live order book, 5 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, 20 min ago	6.69 bp	78.9 bp −$79	234.7 bp −$2,347	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.65 bp	90.2 bp −$90	169.7 bp −$1,697	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	+0.182%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.531%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1515	+0.504%	$3.5M	$295K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1509	+0.133%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1509	+0.133%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1510	+0.219%	$956K	$1.7M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1507	long leg	$650K	$141K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1509	+0.133%	$2.8M	$566K	125x	as long as short
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1509	+0.133%	$392K	$127K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1510	+0.199%	$1.3M	$410K	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	0.1510	+0.199%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1502	−0.345%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1510	+0.199%	$191K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1334%	1h	0.1515	+0.528%	$115K	$11K	20x	as long as short
dYdX IMX-USD	+0.2562%	1h	0.1509	+0.119%	$26K	$66	5x	as long as short