Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.1045%/8hpaid last 24h +0.355%

Price spread now: Kraken Futures against MEXC+0.620%7-day average +0.277% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$2262.265% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.474%+$247 on $10k

Price spread, last 3 days (all we have)−0.405%−$40 · spread now +0.620%, 7d avg +0.277%

Together, before fees+2.069%+$207 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Kraken Futures is 0.343% dearer against MEXC than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.277%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1496	0.0100	pay 0.0050% / 4h	4m 52s	$2.5M	$532K	125x
Short	Kraken Futures PF_IMXUSD	0.1505	0.1145	get 0.0143% / 1h	4m 52s	$114K	$23K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.620%Rate

Funding earned: $219.43
Price spread: +0.620% → +0.277%: $34.29
Slippage, 4 orders: −$212.49
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $27.22
Costs to cover: 2.265%
Break-even: 6.1 days

Slippage from MEXC: live order book, 1 min ago; Kraken Futures: live order book, 26 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 MEXC live order book, 1 min ago	3.34 bp	16.9 bp −$17	48.4 bp −$484	221.0 bp −$22.1K	doesn't fit
Sell Kraken Futures live order book, 26 min ago	71.20 bp	86.7 bp −$87	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	0.1501	+0.330%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.270%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0035%	1h	0.1501	+0.334%	$26K	$59	5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1502	+0.434%	$3.4M	$285K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1498	+0.103%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1497	+0.087%	$3.9M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1497	+0.100%	$947K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1498	+0.134%	$647K	$150K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1496	long leg	$2.5M	$532K	125x
KuCoin IMXUSDTM	+0.0100%	4h	0.1500	+0.267%	$384K	$121K	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	+0.067%	$1.3M	$407K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1499	+0.201%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1498	+0.167%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1497	+0.067%	$197K	$133K	75x	as long as short
Kraken Futures PF_IMXUSDshort	+0.1145%	1h	0.1505	+0.620%	$114K	$23K	20x