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: MEXC against KuCoin−0.267%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2802.797% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.267%, 7d avg −0.113%

Together, before fees+0.138%+$14 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: MEXC is 0.154% cheaper against KuCoin than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1497	0.0100	pay 0.0050% / 4h	1h 26m	$395K	$124K	50x
Short	MEXC IMX_USDT	0.1493	0.0100	get 0.0050% / 4h	1h 26m	$2.8M	$577K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.267%Rate

Funding earned: $0
Price spread: −0.267% → −0.113%: −$15.42
Slippage, 4 orders: −$263.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$295.12
Costs to cover: 2.797%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 min ago; MEXC: live order book, 5 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, 45 min ago	33.22 bp	106.8 bp −$107	613.5 bp −$6,135	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.34 bp	37.8 bp −$38	66.3 bp −$663	225.5 bp −$22.6K	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	0.1496	−0.083%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.202%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1501	+0.238%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1499	+0.100%	$3.4M	$279K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1494	−0.200%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1493	−0.267%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1493	−0.254%	$937K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1494	−0.200%	$645K	$141K	50x	as long as short
MEXC IMX_USDTshort	+0.0100%	4h	0.1493	−0.267%	$2.8M	$577K	125x
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1497	long leg	$395K	$124K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1495	−0.134%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1493	−0.267%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1492	−0.313%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1492	−0.334%	$191K	$146K	75x	as long as short
dYdX IMX-USD	+0.3172%	1h	0.1497	−0.014%	$26K	$59	5x	as long as short