Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.047%7-day average −0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2222.224% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.047%, 7d avg −0.099%

Together, before fees−0.006%−$1 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: OKX is 0.146% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1505	0.0100	pay 0.0050% / 4h	3h 46m	$355K	$183K	50x
Short	OKX IMX-USDT-SWAP	0.1506	0.0100	get 0.0050% / 4h	3h 46m	$941K	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.099%: $14.6
Slippage, 4 orders: −$200.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$207.83
Costs to cover: 2.224%
Break-even: never at this rate

Slippage from KuCoin: live order book, 46 min ago; OKX: 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, 46 min ago	6.73 bp	76.2 bp −$76	242.7 bp −$2,427	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.66 bp	38.6 bp −$39	doesn't fit	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
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1506	+0.088%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.664%	$559	$28K	5.5x	as long as short
Variational Omni IMX	+0.0040%	4h	0.1502	−0.216%	$94K	$131K	—	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1509	+0.259%	$3.4M	$329K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1505	0.000%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1503	−0.106%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1506	+0.047%	$941K	$1.5M	20x
Gate IMX_USDT	+0.0100%	4h	0.1503	−0.133%	$642K	$72K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1505	0.000%	$2.4M	$592K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1505	long leg	$355K	$183K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1505	0.000%	$1.3M	$389K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1506	+0.066%	—	$2.8M	—	as long as short
dYdX IMX-USD	+0.0113%	1h	0.1506	+0.049%	$26K	$11K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1503	−0.133%	$183K	$137K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3368%	1h	0.1512	+0.446%	$115K	$8K	20x	as long as short