Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin+0.066%7-day average −0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$458as in the Funding arb table

Net, price: spread back to 7d avg − costs−$433as in the Price arb table

costs, in and out, $10k−$4574.567% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.375%−$38 · spread now +0.066%, 7d avg −0.173%

Together, before fees−0.389%−$39 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: Gate is 0.239% dearer against KuCoin than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.173%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1509	0.0100	pay 0.0050% / 4h	1h 41m	$375K	$159K	50x
Short	Gate IMX_USDT	0.1510	0.0100	get 0.0050% / 4h	1h 41m	$647K	$81K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.173%: $23.92
Slippage, 4 orders: −$429.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$432.73
Costs to cover: 4.567%
Break-even: never at this rate

Slippage from KuCoin: live order book, 56 min ago; Gate: live order book, 20 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, 56 min ago	13.24 bp	155.8 bp −$156	250.4 bp −$2,504	doesn't fit	doesn't fit
Sell Gate live order book, 20 min ago	6.61 bp	96.7 bp −$97	218.2 bp −$2,182	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
Variational Omni IMX	−0.0513%	4h	0.1504	−0.316%	$94K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1513	+0.247%	$26K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1511	+0.106%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.398%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1509	−0.028%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1509	−0.020%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1509	−0.033%	$946K	$1.6M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1510	+0.066%	$647K	$81K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1509	0.000%	$2.6M	$583K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1509	long leg	$375K	$159K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1511	+0.133%	$1.3M	$398K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1510	+0.066%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1511	+0.133%	$190K	$124K	75x	as long as short
Hyperliquid IMX	+0.0459%	1h	0.1515	+0.364%	$3.5M	$281K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.0715%	1h	0.1512	+0.197%	$115K	$10K	20x	as long as short