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: KuCoin against OKX−0.067%7-day average +0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2212.215% of the position

Long on OKX Short on KuCoin

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)+0.138%+$14 · spread now −0.067%, 7d avg +0.100%

Together, before fees+0.182%+$18 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 0.167% cheaper against OKX than usual: you would sell low and buy high, −$17 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	OKX IMX-USDT-SWAP	0.1500	0.0100	pay 0.0050% / 4h	3h 52m	$937K	$1.5M	20x
Short	KuCoin IMXUSDTM	0.1499	0.0100	get 0.0050% / 4h	3h 52m	$354K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → +0.100%: −$16.69
Slippage, 4 orders: −$199.5
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$238.19
Costs to cover: 2.215%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 41 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	3.00 bp	44.4 bp −$44	2468.0 bp −$24.7K	doesn't fit	doesn't fit
Sell KuCoin live order book, 41 min ago	6.73 bp	67.3 bp −$67	154.3 bp −$1,543	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	0.1500	+0.005%	$6K	—	150x	as long as short
dYdX IMX-USD	0.0000%	1h	0.1500	−0.020%	$26K	$8K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.000%	$559	$28K	5.5x	as long as short
Variational Omni IMX	+0.0051%	4h	0.1499	−0.050%	$94K	$131K	—	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1503	+0.207%	$3.4M	$325K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1500	−0.016%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1499	−0.100%	$3.8M	$2.3M	75x	as long as short
OKX IMX-USDT-SWAPlong	+0.0100%	4h	0.1500	long leg	$937K	$1.5M	20x
Gate IMX_USDT	+0.0100%	4h	0.1498	−0.133%	$640K	$71K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1500	0.000%	$2.4M	$592K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1499	−0.067%	$354K	$184K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1500	0.000%	$1.3M	$393K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1499	−0.067%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1500	0.000%	$184K	$137K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3382%	1h	0.1506	+0.376%	$114K	$10K	20x	as long as short