Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1916%/8h= +209.8% APRpaid last 24h +0.387%

Price spread now: Kraken Futures against KuCoin+0.455%7-day average +0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$449as in the Price arb table

costs, in and out, $10k−$4774.766% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.658%+$266 on $10k

Price spread, last 4 days (all we have)−0.316%−$32 · spread now +0.455%, 7d avg +0.184%

Together, before fees+2.342%+$234 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and Kraken Futures is 0.271% dearer against KuCoin than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.184%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1489	0.0100	pay 0.0050% / 4h	9m 06s	$355K	$183K	50x
Short	Kraken Futures PF_IMXUSD	0.1496	0.2016	get 0.0252% / 1h	9m 06s	$114K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.455%Rate

Funding earned: $402.27
Price spread: +0.455% → +0.184%: $27.07
Slippage, 4 orders: −$454.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$47.22
Costs to cover: 4.766%
Break-even: 7.8 days

Slippage from KuCoin: live order book, 24 min ago; Kraken Futures: live order book, 28 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 KuCoin live order book, 24 min ago	6.73 bp	76.2 bp −$76	242.7 bp −$2,427	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 28 min ago	68.25 bp	89.7 bp −$90	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	0.1490	+0.050%	$6K	—	150x	as long as short
dYdX IMX-USD	+0.0031%	1h	0.1491	+0.120%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.746%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1489	0.000%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1487	−0.134%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1489	0.000%	$932K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1489	0.000%	$636K	$72K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1490	+0.067%	$2.4M	$596K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1489	long leg	$355K	$183K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1490	+0.067%	$1.3M	$383K	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	0.1490	+0.067%	—	$2.8M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1487	−0.147%	$93K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1491	+0.134%	$182K	$136K	75x	as long as short
Hyperliquid IMX	+0.0646%	1h	0.1494	+0.316%	$3.4M	$313K	5x	as long as short
Kraken Futures PF_IMXUSDshort	+0.2016%	1h	0.1496	+0.455%	$114K	$10K	20x