Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.044%

Price spread now: dYdX against KuCoin+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.041% dearer against KuCoin than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1483	0.0100	pay 0.0050% / 4h	50m 34s	$342K	$152K	50x
Short	dYdX IMX-USD	0.1484	0	get 0.0000% / 1h	50m 34s	$33K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$21
Price spread: +0.041% → 0.000%: $4.14
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.86
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 44 min ago; dYdX: no order-book sample. Net counts fees only.

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, 44 min ago	10.13 bp	92.8 bp −$93	150.8 bp −$1,508	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

IMX on 15 exchanges

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	0.1486	+0.170%	$6K	—	150x	as long as short
dYdX IMX-USDshort	0.0000%	1h	0.1484	+0.041%	$33K	$18K	5x
Variational Omni IMX	+0.0008%	4h	0.1481	−0.128%	$93K	$98K	—	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.158%	$559	$27K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1485	+0.135%	$3.5M	$4.3M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1483	0.000%	$3.8M	$1.8M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1486	+0.175%	$925K	$1.2M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1486	+0.202%	$636K	$55K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1482	−0.067%	$2.4M	$492K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1483	long leg	$342K	$152K	50x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1484	+0.067%	$1.3M	$257K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1482	−0.067%	—	$4.3M	—	as long as short
Hyperliquid IMX	+0.0221%	1h	0.1487	+0.303%	$3.4M	$242K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1485	+0.135%	$182K	$142K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2364%	1h	0.1487	+0.288%	$113K	$4K	20x	as long as short