Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0987%/8h= +108.1% APRpaid last 24h +0.363%

Price spread now: Kraken Futures against Variational Omni+0.318%7-day average +0.397% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+2.408%+$241 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.318%, 7d avg +0.397%

Together, before fees+2.435%+ Points / potential airdropVariational Omni: Active · farm board+$244 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.080% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.318% now, against its 7-day average of +0.397%). If the spread goes back, that is −$8 on $10k: about 6 hours of funding at the current rate (+$30 a day). At the pace of the last 3 days (+2.408% in total) that is about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni IMX	0.1499	0.0100	pay 0.0050% / 4h	2h 35m	$94K	$132K	—
Short	Kraken Futures PF_IMXUSD	0.1504	0.1087	get 0.0136% / 1h	35m 11s	$114K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.318%Rate

Funding earned: $207.37
Price spread: +0.318% → +0.397%: −$7.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $189.41
Costs to cover: 0.100%
Break-even: 0.6 days

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; Kraken Futures: live order book, 52 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 Variational Omni RFQ quote, 53 min ago	13.28 bp	doesn't fit	86.3 bp −$863	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 52 min ago	47.13 bp	61.0 bp −$61	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	0.1503	+0.260%	$6K	—	150x	as long as short
dYdX IMX-USD	+0.0004%	1h	0.1502	+0.200%	$26K	$59	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.071%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1505	+0.417%	$3.4M	$288K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1501	+0.137%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1500	+0.070%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1500	+0.097%	$945K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1500	+0.070%	$648K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1499	+0.003%	$2.6M	$548K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1503	+0.270%	$387K	$120K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1502	+0.204%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1502	+0.204%	—	$2.6M	—	as long as short
Variational Omni IMXlong	+0.0100%	4h	0.1499	long leg	$94K	$132K	—
BloFin IMX-USDT	+0.0340%	4h	0.1499	+0.003%	$193K	$136K	75x	as long as short
Kraken Futures PF_IMXUSDshort	+0.1087%	1h	0.1504	+0.318%	$114K	$22K	20x