Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget−0.264%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3023.021% of the position

Long on Bitget 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)+0.226%+$23 · spread now −0.264%, 7d avg +0.075%

Together, before fees+0.226%+$23 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 0.339% cheaper against Bitget than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1514	0.0100	pay 0.0050% / 4h	17m 31s	$1.3M	$403K	75x
Short	KuCoin IMXUSDTM	0.1510	0.0100	get 0.0050% / 4h	17m 31s	$378K	$161K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.264%Rate

Funding earned: $0
Price spread: −0.264% → +0.075%: −$33.92
Slippage, 4 orders: −$278.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$336.03
Costs to cover: 3.021%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 65 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 Bitget live order book, 4 min ago	3.32 bp	29.1 bp −$29	92.2 bp −$922	doesn't fit	doesn't fit
Sell KuCoin live order book, 65 min ago	6.58 bp	118.3 bp −$118	174.5 bp −$1,745	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	−0.0640%	4h	0.1505	−0.580%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1510	−0.243%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.066%	$559	$28K	5.5x	as long as short
OKX IMX-USDT-SWAP	+0.0067%	4h	0.1513	−0.053%	$945K	$1.6M	20x	as long as short
dYdX IMX-USD	+0.0072%	1h	0.1509	−0.350%	$26K	$3K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1513	−0.077%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1512	−0.159%	$3.8M	$2.1M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1509	−0.330%	$647K	$81K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1513	−0.066%	$2.6M	$578K	125x	as long as short
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1510	−0.264%	$378K	$161K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTlong	+0.0100%	4h	0.1514	long leg	$1.3M	$403K	75x
BingX IMX-USDT	+0.0100%	4h	0.1511	−0.198%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0110%	1h	0.1517	+0.165%	$3.5M	$289K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1505	−0.594%	$189K	$124K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1074%	1h	0.1516	+0.115%	$115K	$10K	20x	as long as short