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: Binance against KuCoin0.000%7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$287as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2822.817% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.112%

Together, before fees−0.051%−$5 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: Binance is 0.112% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1503	0.0100	pay 0.0050% / 4h	2h 30m	$387K	$122K	50x
Short	Binance IMXUSDT	0.1503	0.0100	get 0.0050% / 4h	2h 30m	$3.7M	$6.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.112%: $11.19
Slippage, 4 orders: −$259.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$270.47
Costs to cover: 2.817%
Break-even: never at this rate

Slippage from KuCoin: live order book, 51 min ago; Binance: live order book, 8 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 KuCoin live order book, 51 min ago	33.29 bp	105.2 bp −$105	365.9 bp −$3,659	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	6.67 bp	24.5 bp −$24	74.2 bp −$742	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	0.1505	+0.126%	$6K	—	150x	as long as short
dYdX IMX-USD	+0.0003%	1h	0.1502	−0.071%	$26K	$59	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.798%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1507	+0.233%	$3.4M	$288K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1503	0.000%	$3.7M	$6.0M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1501	−0.133%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1502	−0.100%	$946K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1501	−0.133%	$648K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1502	−0.067%	$2.6M	$548K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1503	long leg	$387K	$122K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1503	0.000%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1503	0.000%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1499	−0.270%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1501	−0.133%	$193K	$136K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1087%	1h	0.1505	+0.129%	$114K	$22K	20x	as long as short