Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1193%/8h= +130.6% APRpaid last 24h +0.373%

Price spread now: Kraken Futures against OKX−0.034%7-day average +0.283% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2562.558% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.521%+$252 on $10k

Price spread, last 3 days (all we have)+0.264%+$26 · spread now −0.034%, 7d avg +0.283%

Together, before fees+2.785%+$278 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.317% cheaper against OKX than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.283%). If the spread goes back, that is −$32 on $10k: about 21 hours of funding at the current rate (+$36 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX IMX-USDT-SWAP	0.1516	0.0100	pay 0.0050% / 4h	2h 22m	$949K	$1.7M	20x
Short	Kraken Futures PF_IMXUSD	0.1516	0.1293	get 0.0162% / 1h	22m 56s	$115K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.034%Rate

Funding earned: $250.43
Price spread: −0.034% → +0.283%: −$31.7
Slippage, 4 orders: −$235.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$37.06
Costs to cover: 2.558%
Break-even: 8.0 days

Slippage from OKX: live order book, 4 min ago; Kraken Futures: 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 OKX live order book, 4 min ago	2.31 bp	34.5 bp −$34	2068.7 bp −$20.7K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 44 min ago	42.16 bp	62.0 bp −$62	doesn't fit	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 IMX	−0.0219%	4h	0.1515	−0.096%	$95K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1515	−0.104%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0016%	1h	0.1515	−0.097%	$27K	$1K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.079%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1520	+0.244%	$3.5M	$282K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1515	−0.079%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1513	−0.211%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1516	long leg	$949K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1513	−0.211%	$648K	$83K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1515	−0.079%	$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 IMXUSDTM	+0.0100%	4h	0.1513	−0.211%	$377K	$159K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1516	−0.013%	$1.3M	$399K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1514	−0.145%	—	$2.9M	—	as long as short
Kraken Futures PF_IMXUSDshort	+0.1293%	1h	0.1516	−0.034%	$115K	$11K	20x