Settings8H · net · $10k
Funding arb · Price arb /

IMX

all IMX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.1542%/8h= +168.9% APRnext payment +$1.93 per $10,000 · paid last 24h +0.416%
Price spread now: Kraken Futures against Hyperliquid+0.024%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs+$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2172.167% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+2.723%+$272 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.024%, 7d avg +0.008%
Together, before fees+2.748%+ Points / potential airdropHyperliquid: Season 2 · farm board+$275 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$46 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid IMX0.14860.0421pay 0.0053% / 1h31m 49s$3.4M$235K5x
ShortKraken Futures PF_IMXUSD0.14860.1963get 0.0245% / 1h31m 49s$113K$4K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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

Funding earned
$323.83
Price spread: +0.024% → +0.008%
$1.64
Slippage, 4 orders
−$197.69
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$108.78
Costs to cover
2.167%
Break-even
4.6 days
Slippage from Hyperliquid: live order book, 3 min ago; Kraken Futures: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 3 min ago2.36 bp16.9 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 13 min ago62.50 bp78.5 bp −$78doesn't fitdoesn't fitdoesn't fit

IMX on 15 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IMX−0.0102%4h0.1487+0.082%$93K$109Kas long as short
gTrade (Gains Network) IMX/USDL −0.0002% / S +0.0004%1h0.1483−0.226%$6K150xas long as short
Injective IMX/USDC PERP+0.0033%1h0.1515+1.958%$559$27K5.5xas long as short
dYdX IMX-USD+0.0062%1h0.1483−0.219%$33K$18K5xas long as short
Binance IMXUSDT+0.0100%4h0.1480−0.379%$3.5M$5.3M75xas long as short
Bybit IMXUSDT+0.0100%4h0.1479−0.498%$3.8M$2.2M75xas long as short
OKX IMX-USDT-SWAP+0.0100%4h0.1479−0.485%$924K$1.4M20xas long as short
Gate IMX_USDT+0.0100%4h0.1480−0.397%$633K$59K50xas long as short
MEXC IMX_USDT+0.0100%4h0.1481−0.330%$2.4M$573K125xas long as short
KuCoin IMXUSDTM+0.0100%4h0.1481−0.330%$344K$183K50xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget IMXUSDT+0.0100%4h0.1481−0.330%$1.3M$298K75xas long as short
BingX IMX-USDT+0.0100%4h0.1480−0.397%$4.3Mas long as short
BloFin IMX-USDT+0.0340%4h0.1483−0.195%$181K$150K75xas long as short
Hyperliquid IMXlong+0.0421%1h0.1486long leg$3.4M$235K5x
Kraken Futures PF_IMXUSDshort+0.1963%1h0.1486+0.024%$113K$4K20x