Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: KuCoin against BloFin−0.132%110s7-day average +0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2142.141% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)+0.228%+$23 · spread now −0.132%, 7d avg +0.111%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.244% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.111%). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin IMX-USDT | 0.1510 | 0.0340 | pay 0.0170% / 4h | 43m 25s | $192K | $143K | 75x |
| Short | KuCoin IMXUSDTM | 0.1508 | 0.0100 | get 0.0050% / 4h | 43m 25s | $396K | $128K | 50x |
BloFin IMX-USDT
KuCoin IMXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: −0.132% → +0.111%
- −$24.37
- Slippage, 4 orders
- −$190.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$288.87
- Costs to cover
- 2.141%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 26 min ago; KuCoin: live order book, 18 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 BloFin live order book, 26 min ago | 3.34 bp | 9.4 bp −$9 | 38.5 bp −$385 | 355.8 bp −$35.6K | doesn't fit |
| Sell KuCoin live order book, 18 min ago | 6.65 bp | 90.2 bp −$90 | 169.7 bp −$1,697 | 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 | 0.1509 | −0.083% | $6K | — | 150x | 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 | 0.1512 | +0.126% | $3.5M | $293K | 5x | as long as short |
| Binance IMXUSDT | +0.0100% | 4h | 0.1507 | −0.184% | $3.7M | $5.9M | 75x | as long as short |
| Bybit IMXUSDT | +0.0100% | 4h | 0.1507 | −0.199% | $3.9M | $2.2M | 75x | as long as short |
| OKX IMX-USDT-SWAP | +0.0100% | 4h | 0.1507 | −0.179% | $958K | $1.7M | 20x | as long as short |
| Gate IMX_USDT | +0.0100% | 4h | 0.1507 | −0.199% | $651K | $141K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1507 | −0.199% | $2.8M | $567K | 125x | as long as short |
| KuCoin IMXUSDTMshort | +0.0100% | 4h | 0.1508 | −0.132% | $396K | $128K | 50x | |
| Bitget IMXUSDT | +0.0100% | 4h | 0.1509 | −0.066% | $1.3M | $411K | 75x | as long as short |
gTrade (Gains Network) IMX/USD
Injective IMX/USDC PERP
Hyperliquid IMX
Binance IMXUSDT
Bybit IMXUSDT
OKX IMX-USDT-SWAP
Gate IMX_USDT
MEXC IMX_USDT
Bitget IMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX IMX-USDT | +0.0100% | 4h | 0.1508 | −0.132% | — | $2.9M | — | as long as short |
| Variational Omni IMX | +0.0100% | 4h | 0.1507 | −0.178% | $94K | $131K | — | as long as short |
| BloFin IMX-USDTlong | +0.0340% | 4h | 0.1510 | long leg | $192K | $143K | 75x | |
| dYdX IMX-USD | +0.0480% | 1h | 0.1509 | −0.060% | $26K | $66 | 5x | as long as short |
| Kraken Futures PF_IMXUSD | +0.1335% | 1h | 0.1514 | +0.254% | $115K | $11K | 20x | as long as short |
BingX IMX-USDT
Variational Omni IMX
dYdX IMX-USD
Kraken Futures PF_IMXUSD