Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Variational Omni against KuCoin+0.212%7-day average −0.226% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.277%−$28 · spread now +0.212%, 7d avg −0.226%

Together, before fees−0.307%+ Points / potential airdropVariational Omni: Active · farm board−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.438% dearer against KuCoin than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of −0.226%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1519	0.0100	pay 0.0050% / 4h	3h 03m	$394K	$128K	50x
Short	Variational Omni IMX	0.1522	0.0100	get 0.0050% / 4h	3h 03m	$96K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → −0.226%: $43.8
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $31.8
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 49 min ago; Variational Omni: RFQ quote, 6 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 KuCoin live order book, 49 min ago	6.63 bp	112.4 bp −$112	357.9 bp −$3,579	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 6 min ago	13.11 bp	doesn't fit	85.2 bp −$852	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 +0.0001% / S +0.0004%	1h	0.1518	−0.062%	$2K	—	150x	as long as short
dYdX IMX-USD	+0.0029%	1h	0.1525	+0.378%	$27K	$72	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.263%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1521	+0.125%	$3.5M	$283K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1514	−0.329%	$3.7M	$5.8M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1512	−0.441%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1515	−0.244%	$958K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1515	−0.263%	$650K	$83K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1513	−0.395%	$2.8M	$566K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1519	long leg	$394K	$128K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1518	−0.066%	$1.3M	$403K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1515	−0.263%	—	$2.9M	—	as long as short
Variational Omni IMXshort	+0.0100%	4h	0.1522	+0.212%	$96K	$131K	—
BloFin IMX-USDT	+0.0340%	4h	0.1526	+0.461%	$192K	$133K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.1222%	1h	0.1518	−0.066%	$115K	$11K	20x	as long as short