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 −0.366%

Price spread now: Variational Omni against Kraken Futures−0.670%7-day average −0.398% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−2.422%−$242 on $10k

Price spread, last 3 days (all we have)+0.273%+$27 · spread now −0.670%, 7d avg −0.398%

Together, before fees−2.149%+ Points / potential airdropVariational Omni: Active · farm board−$215 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.272% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.670% now, against its 7-day average of −0.398%). If the spread goes back, that is −$27 on $10k: about 15 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −2.422%, 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	0.1503	0.0040	pay 0.0005% / 1h	6m 24s	$114K	$23K	20x
Short	Variational Omni IMX	0.1493	0.0100	get 0.0050% / 4h	1h 06m	$94K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.670%Rate

Funding earned: $12.6
Price spread: −0.670% → −0.398%: −$27.16
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$24.56
Costs to cover: 0.100%
Break-even: 20.7 days

Slippage unknown: Kraken Futures: live order book, 11 min ago; Variational Omni: RFQ quote, 13 min ago. Net counts fees only.

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, 11 min ago	41.73 bp	134.5 bp −$135	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 13 min ago	10.03 bp	doesn't fit	90.3 bp −$903	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	0.1500	−0.243%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.774%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSDlong	+0.0040%	1h	0.1503	long leg	$114K	$23K	20x
Hyperliquid IMX	+0.0100%	1h	0.1505	+0.102%	$3.5M	$295K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1499	−0.313%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1496	−0.477%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1498	−0.344%	$942K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1497	−0.423%	$646K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1499	−0.290%	$2.8M	$579K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1497	−0.423%	$397K	$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 IMXUSDT	+0.0100%	4h	0.1497	−0.423%	$1.3M	$414K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1497	−0.423%	—	$2.9M	—	as long as short
Variational Omni IMXshort	+0.0100%	4h	0.1493	−0.670%	$94K	$131K	—
BloFin IMX-USDT	+0.0340%	4h	0.1494	−0.623%	$190K	$146K	75x	as long as short
dYdX IMX-USD	+0.1975%	1h	0.1496	−0.490%	$26K	$59	5x	as long as short