Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance−0.134%7-day average +0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$2162.160% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.134%, 7d avg +0.104%

Together, before fees+0.196%+$20 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: KuCoin is 0.238% cheaper against Binance than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance IMXUSDT	0.1496	0.0100	pay 0.0050% / 4h	3h 21m	$3.6M	$5.7M	75x
Short	KuCoin IMXUSDTM	0.1494	0.0100	get 0.0050% / 4h	3h 21m	$380K	$161K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → +0.104%: −$23.75
Slippage, 4 orders: −$194.03
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$239.78
Costs to cover: 2.160%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; KuCoin: live order book, 51 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 Binance live order book, 1 min ago	6.70 bp	17.8 bp −$18	72.9 bp −$729	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	9.92 bp	78.9 bp −$79	163.2 bp −$1,632	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
Variational Omni IMX	−0.0385%	4h	0.1494	−0.152%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1495	−0.093%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.270%	$559	$28K	5.5x	as long as short
Binance IMXUSDTlong	+0.0100%	4h	0.1496	long leg	$3.6M	$5.7M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1494	−0.134%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1496	+0.020%	$939K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1494	−0.134%	$640K	$80K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1494	−0.134%	$2.6M	$581K	125x	as long as short
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1494	−0.134%	$380K	$161K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1496	0.000%	$1.3M	$404K	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	0.1494	−0.134%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0316%	1h	0.1498	+0.114%	$3.4M	$294K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	−0.134%	$186K	$127K	75x	as long as short
dYdX IMX-USD	+0.0551%	1h	0.1496	−0.013%	$26K	$4K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1652%	1h	0.1498	+0.145%	$114K	$10K	20x	as long as short