IMX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0986%/8h= +107.9% APRnext payment +$1.23 per $10,000 · paid last 24h +0.357%

Price spread now: Kraken Futures against Hyperliquid−0.082%50s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2432.431% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.427%+$243 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.082%, 7d avg +0.010%

Together, before fees+2.519%+ Points / potential airdropHyperliquid: Season 2 · farm board+$252 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.092% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.010%). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$30 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid IMX	0.1507	0.0100	pay 0.0013% / 1h	11m 29s	$3.4M	$280K	5x
Short	Kraken Futures PF_IMXUSD	0.1506	0.1086	get 0.0136% / 1h	11m 29s	$114K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.082%Rate

Funding earned: $206.98
Price spread: −0.082% → +0.010%: −$9.16
Slippage, 4 orders: −$224.1
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$45.28
Costs to cover: 2.431%
Break-even: 8.5 days

Slippage from Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 11 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 Hyperliquid live order book, 10 min ago	1.32 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 11 min ago	53.29 bp	69.6 bp −$70	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	0.1506	−0.111%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.498%	$559	$28K	5.5x	as long as short
Hyperliquid IMXlong	+0.0100%	1h	0.1507	long leg	$3.4M	$280K	5x
Binance IMXUSDT	+0.0100%	4h	0.1502	−0.354%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1501	−0.451%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1504	−0.259%	$945K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1504	−0.232%	$649K	$142K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1502	−0.365%	$2.6M	$552K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1507	−0.033%	$394K	$122K	50x	as long as short
Bitget IMXUSDT	+0.0100%	4h	0.1505	−0.166%	$1.3M	$415K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1503	−0.299%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1503	−0.270%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1504	−0.232%	$193K	$146K	75x	as long as short
dYdX IMX-USD	+0.0656%	1h	0.1506	−0.102%	$26K	$59	5x	as long as short
Kraken Futures PF_IMXUSDshort	+0.1086%	1h	0.1506	−0.082%	$114K	$22K	20x