Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1966%/8h= +215.3% APRpaid last 24h +0.361%

Price spread now: Kraken Futures against Gate+0.732%7-day average +0.347% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$356as in the Price arb table

costs, in and out, $10k−$3953.946% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.585%+$259 on $10k

Price spread, last 4 days (all we have)−0.421%−$42 · spread now +0.732%, 7d avg +0.347%

Together, before fees+2.165%+$216 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$59 a day on $10k at the current rate, and Kraken Futures is 0.384% dearer against Gate than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.347%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IMX_USDT	0.1470	0.0100	pay 0.0050% / 4h	2h 28m	$628K	$76K	50x
Short	Kraken Futures PF_IMXUSD	0.1481	0.2066	get 0.0258% / 1h	28m 34s	$112K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.732%Rate

Funding earned: $412.9
Price spread: +0.732% → +0.347%: $38.44
Slippage, 4 orders: −$369.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $56.78
Costs to cover: 3.946%
Break-even: 6.0 days

Slippage from Gate: live order book, 18 min ago; Kraken Futures: live order book, 19 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 Gate live order book, 18 min ago	3.37 bp	114.8 bp −$115	230.9 bp −$2,309	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 19 min ago	54.28 bp	69.3 bp −$69	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
Variational Omni IMX	−0.0144%	4h	0.1474	+0.257%	$92K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1477	+0.452%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0022%	1h	0.1475	+0.324%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+3.061%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1472	+0.145%	$3.5M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1470	0.000%	$3.7M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1472	+0.136%	$921K	$1.5M	20x	as long as short
Gate IMX_USDTlong	+0.0100%	4h	0.1470	long leg	$628K	$76K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1473	+0.204%	$2.3M	$608K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1473	+0.204%	$377K	$168K	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	0.1472	+0.136%	$1.3M	$411K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1472	+0.136%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0123%	1h	0.1476	+0.408%	$3.4M	$324K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1474	+0.272%	$183K	$125K	75x	as long as short
Kraken Futures PF_IMXUSDshort	+0.2066%	1h	0.1481	+0.732%	$112K	$10K	20x