Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.045%

Price spread now: dYdX against KuCoin+0.074%47s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.074% dearer against KuCoin than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 47 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	KuCoin IMXUSDTM	0.1491	0.0100	pay 0.0050% / 4h	1h 43m	$364K	$187K	50x
Short	dYdX IMX-USD	0.1492	0	get 0.0000% / 1h	43m 45s	$26K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$21
Price spread: +0.074% → 0.000%: $7.38
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$35.62
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 74 min ago; dYdX: no order-book sample. 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 KuCoin live order book, 74 min ago	10.08 bp	84.0 bp −$84	263.8 bp −$2,638	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0068%	4h	0.1487	−0.252%	$93K	$131K	—	as long as short
dYdX IMX-USDshort	0.0000%	1h	0.1492	+0.074%	$26K	$4K	5x
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1492	+0.047%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.610%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1492	+0.094%	$3.4M	$325K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1488	−0.169%	$3.5M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1486	−0.322%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1488	−0.188%	$934K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1488	−0.201%	$636K	$75K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1488	−0.201%	$2.4M	$603K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1491	long leg	$364K	$187K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1490	−0.067%	$1.3M	$410K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1489	−0.134%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1492	+0.067%	$184K	$128K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.3078%	1h	0.1495	+0.264%	$114K	$10K	20x	as long as short