Funding arb · Price arb /

IMX

all IMX markets

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: BingX against KuCoin−0.266%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$309as in the Price arb table

costs, in and out, $10k−$2932.926% of the position

Long on KuCoin Short on BingX

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)+0.215%+$21 · spread now −0.266%, 7d avg −0.106%

Together, before fees+0.215%+$21 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: BingX is 0.160% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.106%.

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	1h 36m	$392K	$120K	50x
Short	BingX IMX-USDT	0.1499	0.0100	get 0.0050% / 4h	1h 36m	—	$2.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.266%Rate

Funding earned: $0
Price spread: −0.266% → −0.106%: −$16.03
Slippage, 4 orders: −$270.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$308.67
Costs to cover: 2.926%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; BingX: live order book, 13 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, 35 min ago	33.22 bp	106.8 bp −$107	613.5 bp −$6,135	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	10.02 bp	29.4 bp −$29	62.2 bp −$622	358.2 bp −$35.8K	1006.4 bp −$503.2K

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	0.1500	−0.215%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.798%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1503	+0.006%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1503	−0.027%	$3.4M	$279K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1498	−0.333%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1497	−0.399%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	−0.379%	$940K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1500	−0.200%	$647K	$140K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1501	−0.133%	$2.6M	$550K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1503	long leg	$392K	$120K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1501	−0.133%	$1.3M	$415K	75x	as long as short
BingX IMX-USDTshort	+0.0100%	4h	0.1499	−0.266%	—	$2.9M	—
Variational Omni IMX	+0.0100%	4h	0.1500	−0.178%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1501	−0.133%	$191K	$147K	75x	as long as short
dYdX IMX-USD	+0.4551%	1h	0.1502	−0.073%	$26K	$59	5x	as long as short