Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.361%

Price spread now: Kraken Futures against Bitget+0.272%7-day average +0.253% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2672.674% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.440%+$244 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now +0.272%, 7d avg +0.253%

Together, before fees+2.435%+$243 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.253%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +2.440%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget IMXUSDT	0.1497	0.0100	pay 0.0050% / 4h	1h 18m	$1.3M	$417K	75x
Short	Kraken Futures PF_IMXUSD	0.1501	0.0040	get 0.0005% / 1h	18m 47s	$114K	$22K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.272%Rate

Funding earned: −$12.58
Price spread: +0.272% → +0.253%: $1.99
Slippage, 4 orders: −$245.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$277.98
Costs to cover: 2.674%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 63 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 Bitget live order book, 3 min ago	3.34 bp	34.4 bp −$34	89.8 bp −$898	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 63 min ago	53.29 bp	69.6 bp −$70	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	0.1498	+0.047%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.202%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSDshort	+0.0040%	1h	0.1501	+0.272%	$114K	$22K	20x
Hyperliquid IMX	+0.0100%	1h	0.1501	+0.247%	$3.4M	$289K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1496	−0.067%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1495	−0.134%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1495	−0.160%	$937K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1496	−0.067%	$646K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1496	−0.067%	$2.8M	$578K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1497	0.000%	$396K	$124K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTlong	+0.0100%	4h	0.1497	long leg	$1.3M	$417K	75x
BingX IMX-USDT	+0.0100%	4h	0.1497	0.000%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1495	−0.113%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1497	0.000%	$190K	$147K	75x	as long as short
dYdX IMX-USD	+0.2617%	1h	0.1499	+0.121%	$26K	$59	5x	as long as short