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 0.000%

Price spread now: KuCoin against BingX+0.132%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2842.839% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.132%, 7d avg +0.096%

Together, before fees−0.132%−$13 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 0.036% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX IMX-USDT	0.1510	0.0100	pay 0.0050% / 4h	1h 08m	—	$2.9M	—
Short	KuCoin IMXUSDTM	0.1512	0.0100	get 0.0050% / 4h	1h 08m	$377K	$161K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → +0.096%: $3.63
Slippage, 4 orders: −$261.93
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$280.31
Costs to cover: 2.839%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 14 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 BingX live order book, 7 min ago	6.60 bp	22.4 bp −$22	51.8 bp −$518	402.8 bp −$40.3K	973.8 bp −$486.9K
Sell KuCoin live order book, 14 min ago	6.58 bp	118.3 bp −$118	174.5 bp −$1,745	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	−0.0629%	4h	0.1514	+0.278%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1516	+0.397%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1515	+0.305%	$2K	—	150x	as long as short
OKX IMX-USDT-SWAP	+0.0018%	4h	0.1512	+0.146%	$948K	$1.6M	20x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.331%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1517	+0.483%	$3.5M	$282K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1512	+0.132%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1510	0.000%	$3.8M	$2.2M	75x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1511	+0.066%	$648K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1513	+0.199%	$2.6M	$585K	125x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1512	+0.132%	$377K	$161K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1513	+0.199%	$1.3M	$400K	75x	as long as short
BingX IMX-USDTlong	+0.0100%	4h	0.1510	long leg	—	$2.9M	—
BloFin IMX-USDT	+0.0340%	4h	0.1516	+0.397%	$190K	$125K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.0713%	1h	0.1517	+0.492%	$115K	$10K	20x	as long as short