Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against KuCoin−0.396%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2242.245% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 3 days (all we have)+0.300%+$30 · spread now −0.396%, 7d avg −0.111%
=Funding pays, the price is against you. BloFin is 0.284% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.396% now, against its 7-day average of −0.111%). If the spread goes back, that is −$28 on $10k: about 3.9 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.100% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IMXUSDTM | 0.1517 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $396K | $129K | 50x |
| Short | BloFin IMX-USDT | 0.1511 | 0.0340 | get 0.0170% / 4h | 3h 56m | $191K | $143K | 75x |
KuCoin IMXUSDTM
BloFin IMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.396% → −0.111%
- −$28.43
- Slippage, 4 orders
- −$200.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$202.48
- Costs to cover
- 2.245%
- Break-even
- 35.1 days
Slippage from KuCoin: live order book, 65 min ago; BloFin: 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, 65 min ago | 6.65 bp | 88.1 bp −$88 | 203.6 bp −$2,036 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 6.63 bp | 27.3 bp −$27 | 57.3 bp −$573 | 311.6 bp −$31.2K | 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 | 0.1517 | +0.026% | $6K | — | 150x | as long as short |
| Injective IMX/USDC PERP | +0.0033% | 1h | 0.1515 | −0.132% | $559 | $28K | 5.5x | as long as short |
| Hyperliquid IMX | +0.0100% | 1h | 0.1521 | +0.283% | $3.5M | $287K | 5x | as long as short |
| Binance IMXUSDT | +0.0100% | 4h | 0.1517 | +0.009% | $3.7M | $5.9M | 75x | as long as short |
| Bybit IMXUSDT | +0.0100% | 4h | 0.1516 | −0.066% | $3.9M | $2.2M | 75x | as long as short |
| OKX IMX-USDT-SWAP | +0.0100% | 4h | 0.1518 | +0.046% | $959K | $1.7M | 20x | as long as short |
| Gate IMX_USDT | +0.0100% | 4h | 0.1516 | −0.066% | $654K | $79K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1517 | 0.000% | $2.8M | $558K | 125x | as long as short |
| KuCoin IMXUSDTMlong | +0.0100% | 4h | 0.1517 | long leg | $396K | $129K | 50x | |
| Bitget IMXUSDT | +0.0100% | 4h | 0.1518 | +0.066% | $1.3M | $398K | 75x | as long as short |
gTrade (Gains Network) IMX/USD
Injective IMX/USDC PERP
Hyperliquid IMX
Binance IMXUSDT
Bybit IMXUSDT
OKX IMX-USDT-SWAP
Gate IMX_USDT
MEXC IMX_USDT
Bitget IMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX IMX-USDT | +0.0100% | 4h | 0.1516 | −0.066% | — | $2.9M | — | as long as short |
| Variational Omni IMX | +0.0100% | 4h | 0.1508 | −0.607% | $94K | $131K | — | as long as short |
| BloFin IMX-USDTshort | +0.0340% | 4h | 0.1511 | −0.396% | $191K | $143K | 75x | |
| dYdX IMX-USD | +0.0367% | 1h | 0.1517 | −0.017% | $27K | $72 | 5x | as long as short |
| Kraken Futures PF_IMXUSD | +0.1219% | 1h | 0.1522 | +0.361% | $116K | $11K | 20x | as long as short |
BingX IMX-USDT
Variational Omni IMX
dYdX IMX-USD
Kraken Futures PF_IMXUSD