Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.268%7-day average +0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$1871.869% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.325%+$33 · spread now −0.268%, 7d avg +0.100%

Together, before fees+0.360%+$36 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: KuCoin is 0.368% cheaper against MEXC than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1495	0.0100	pay 0.0050% / 4h	2h 13m	$2.4M	$614K	125x
Short	KuCoin IMXUSDTM	0.1491	0.0100	get 0.0050% / 4h	2h 13m	$389K	$170K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.268%Rate

Funding earned: $0
Price spread: −0.268% → +0.100%: −$36.78
Slippage, 4 orders: −$170.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$223.71
Costs to cover: 1.869%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 44 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 MEXC live order book, 3 min ago	3.36 bp	11.4 bp −$11	40.7 bp −$407	213.1 bp −$21.3K	doesn't fit
Sell KuCoin live order book, 44 min ago	10.08 bp	81.3 bp −$81	262.3 bp −$2,623	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	−0.0119%	4h	0.1486	−0.585%	$93K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1496	+0.041%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0022%	1h	0.1489	−0.418%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.338%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1498	+0.194%	$3.4M	$325K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1494	−0.043%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1492	−0.201%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1495	−0.013%	$934K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1490	−0.334%	$637K	$76K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1495	long leg	$2.4M	$614K	125x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1491	−0.268%	$389K	$170K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1494	−0.067%	$1.3M	$411K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1493	−0.134%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1491	−0.268%	$182K	$127K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.2041%	1h	0.1499	+0.275%	$114K	$10K	20x	as long as short