Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.030%

Price spread now: KuCoin against gTrade (Gains Network)−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.041% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 32 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) IMX/USD	0.1498	L −0.0002% / S +0.0004%	get 0.0000% / 1h	23m 42s	$6K	—	150x
Short	KuCoin IMXUSDTM	0.1497	0.0100	get 0.0050% / 4h	1h 23m	$396K	$124K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $21.34
Price spread: −0.041% → 0.000%: −$4.07
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.74
Costs to cover: 0.220%
Break-even: 8.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 48 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 48 min ago	33.22 bp	129.8 bp −$130	520.2 bp −$5,202	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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/USDlong	L −0.0002% / S +0.0004%	1h	0.1498	long leg	$6K	—	150x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.161%	$559	$28K	5.5x	as long as short
Kraken Futures PF_IMXUSD	+0.0040%	1h	0.1501	+0.195%	$114K	$22K	20x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1500	+0.153%	$3.4M	$278K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1495	−0.158%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1495	−0.174%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1494	−0.214%	$938K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1495	−0.174%	$645K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1495	−0.174%	$2.8M	$578K	125x	as long as short
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1497	−0.041%	$396K	$124K	50x

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	−0.041%	$1.3M	$415K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1494	−0.241%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1493	−0.320%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1493	−0.308%	$191K	$146K	75x	as long as short
dYdX IMX-USD	+0.2907%	1h	0.1497	−0.055%	$26K	$59	5x	as long as short