Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.361%

Price spread now: Bitget against Kraken Futures−0.308%7-day average −0.253% · you buy dearer than you sell

Net, funding: paid 7d − costs−$488as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2442.437% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−2.440%−$244 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.308%, 7d avg −0.253%

Together, before fees−2.400%−$240 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.308% now, against its 7-day average of −0.253%). If the spread goes back, that is −$6 on $10k: about 3.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −2.440%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_IMXUSD	0.1501	0.0040	pay 0.0005% / 1h	13m 38s	$114K	$23K	20x
Short	Bitget IMXUSDT	0.1496	0.0100	get 0.0050% / 4h	1h 13m	$1.3M	$414K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.308%Rate

Funding earned: $12.58
Price spread: −0.308% → −0.253%: −$5.51
Slippage, 4 orders: −$221.73
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$236.66
Costs to cover: 2.437%
Break-even: 138.7 days

Slippage from Kraken Futures: live order book, 3 min ago; Bitget: live order book, 3 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 Kraken Futures live order book, 3 min ago	41.73 bp	134.5 bp −$135	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.34 bp	36.9 bp −$37	82.7 bp −$827	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	0.1497	−0.260%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.958%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSDlong	+0.0040%	1h	0.1501	long leg	$114K	$23K	20x
Hyperliquid IMX	+0.0100%	1h	0.1500	−0.008%	$3.4M	$289K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1495	−0.374%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1493	−0.488%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1494	−0.441%	$938K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1495	−0.374%	$645K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1495	−0.374%	$2.8M	$578K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1496	−0.308%	$396K	$124K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTshort	+0.0100%	4h	0.1496	−0.308%	$1.3M	$414K	75x
BingX IMX-USDT	+0.0100%	4h	0.1494	−0.441%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1493	−0.487%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1495	−0.374%	$190K	$146K	75x	as long as short
dYdX IMX-USD	+0.2275%	1h	0.1497	−0.221%	$26K	$59	5x	as long as short