IMX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0340%/8h= −37.3% APRnext payment −$1.70 per $10,000 · paid last 24h −0.005%

Price spread now: Variational Omni against KuCoin−0.148%7-day average −0.227% · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.507%+$51 · spread now −0.148%, 7d avg −0.227%

Together, before fees+0.477%+ Points / potential airdropVariational Omni: Active · farm board+$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread −0.148% now, against its 7-day average of −0.227%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.030% in total) that is about 9.1 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.030% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.70 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	0.1513	0.0100	pay 0.0050% / 4h	2h 27m	$377K	$158K	50x
Short	Variational Omni IMX	0.1511	−0.0240	pay 0.0120% / 4h	2h 27m	$95K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.148%Rate

Funding earned: −$71.47
Price spread: −0.148% → −0.227%: $7.92
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$75.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 min ago; Variational Omni: RFQ quote, 42 min ago. 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, 10 min ago	13.24 bp	155.8 bp −$156	250.4 bp −$2,504	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 42 min ago	13.11 bp	doesn't fit	85.2 bp −$852	doesn't fit	doesn't fit

IMX on 14 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 IMXshort	−0.0240%	4h	0.1511	−0.148%	$95K	$131K	—
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1517	+0.239%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0018%	1h	0.1514	+0.079%	$26K	$1K	5x	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	+0.516%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1515	+0.128%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1514	+0.066%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1514	+0.066%	$951K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1513	0.000%	$648K	$83K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1515	+0.132%	$2.8M	$563K	125x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1513	long leg	$377K	$158K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1516	+0.198%	$1.3M	$399K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1515	+0.132%	—	$2.9M	—	as long as short
Kraken Futures PF_IMXUSD	+0.1291%	1h	0.1518	+0.325%	$115K	$11K	20x	as long as short