IMX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0250%/8h= +27.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.364%

Price spread now: Kraken Futures against Hyperliquid−0.141%7-day average +0.009% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2422.415% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.486%+$249 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.141%, 7d avg +0.009%

Together, before fees+2.691%+ Points / potential airdropHyperliquid: Season 2 · farm board+$269 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.150% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.009%). If the spread goes back, that is −$15 on $10k: about 2.0 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+2.486% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid IMX	0.1522	0.0461	pay 0.0058% / 1h	32m 06s	$3.5M	$280K	5x
Short	Kraken Futures PF_IMXUSD	0.1520	0.0711	get 0.0089% / 1h	32m 06s	$115K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.141%Rate

Funding earned: $52.57
Price spread: −0.141% → +0.009%: −$15.04
Slippage, 4 orders: −$222.52
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$203.99
Costs to cover: 2.415%
Break-even: 34.2 days

Slippage from Hyperliquid: live order book, 9 min ago; Kraken Futures: live order book, 30 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 Hyperliquid live order book, 9 min ago	5.94 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 30 min ago	68.44 bp	83.2 bp −$83	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
Variational Omni IMX	−0.0517%	4h	0.1510	−0.808%	$95K	$131K	—	as long as short
dYdX IMX-USD	0.0000%	1h	0.1521	−0.118%	$27K	$2K	5x	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1521	−0.127%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	−0.493%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1518	−0.296%	$3.7M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1515	−0.466%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1517	−0.328%	$952K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1518	−0.296%	$650K	$82K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1518	−0.296%	$2.6M	$584K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1518	−0.296%	$378K	$159K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1519	−0.230%	$1.3M	$398K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1518	−0.296%	—	$2.9M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1519	−0.230%	$191K	$125K	75x	as long as short
Hyperliquid IMXlong	+0.0461%	1h	0.1522	long leg	$3.5M	$280K	5x
Kraken Futures PF_IMXUSDshort	+0.0711%	1h	0.1520	−0.141%	$115K	$10K	20x