Funding arb · Price arb /

IMX

all IMX markets

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 BingX0.000%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1951.947% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now 0.000%, 7d avg +0.087%

Together, before fees+0.077%+$8 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 0.087% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1488	0.0100	pay 0.0050% / 4h	12m 36s	—	$2.8M	—
Short	KuCoin IMXUSDTM	0.1488	0.0100	get 0.0050% / 4h	12m 36s	$355K	$183K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.087%: −$8.71
Slippage, 4 orders: −$172.67
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$203.38
Costs to cover: 1.947%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 20 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 BingX live order book, 2 min ago	6.72 bp	26.0 bp −$26	55.6 bp −$556	454.1 bp −$45.4K	1002.7 bp −$501.4K
Sell KuCoin live order book, 20 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	0.1491	+0.181%	$6K	—	150x	as long as short
dYdX IMX-USD	+0.0033%	1h	0.1491	+0.188%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.815%	$559	$28K	5.5x	as long as short
Variational Omni IMX	+0.0073%	4h	0.1485	−0.217%	$93K	$131K	—	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1489	+0.086%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1487	−0.054%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1489	+0.101%	$932K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1487	−0.067%	$635K	$72K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1490	+0.134%	$2.4M	$596K	125x	as long as short
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1488	0.000%	$355K	$183K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1489	+0.067%	$1.3M	$385K	75x	as long as short
BingX IMX-USDTlong	+0.0100%	4h	0.1488	long leg	—	$2.8M	—
BloFin IMX-USDT	+0.0340%	4h	0.1489	+0.067%	$182K	$136K	75x	as long as short
Hyperliquid IMX	+0.0653%	1h	0.1494	+0.390%	$3.4M	$315K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.2014%	1h	0.1497	+0.602%	$114K	$10K	20x	as long as short