Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1239%/8h= −135.7% APRpaid last 24h −0.353%

Price spread now: Bitget against Kraken Futures−0.039%7-day average −0.254% · you buy dearer than you sell

Net, funding: paid 7d − costs−$502as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2582.584% of the position

Long on Kraken Futures Short on Bitget

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)−0.195%−$19 · spread now −0.039%, 7d avg −0.254%

Together, before fees−2.635%−$264 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.215% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.254%): +$21 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_IMXUSD	0.1510	0.1339	pay 0.0167% / 1h	26m 19s	$115K	$11K	20x
Short	Bitget IMXUSDT	0.1509	0.0100	get 0.0050% / 4h	26m 19s	$1.3M	$414K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$260.2
Price spread: −0.039% → −0.254%: $21.5
Slippage, 4 orders: −$236.39
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$497.09
Costs to cover: 2.584%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 51 min ago; Bitget: live order book, 5 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 Kraken Futures live order book, 51 min ago	41.73 bp	134.5 bp −$135	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.32 bp	40.7 bp −$41	81.3 bp −$813	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	0.1508	−0.081%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.358%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1512	+0.133%	$3.5M	$292K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1507	−0.187%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.238%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1506	−0.238%	$954K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1507	−0.172%	$650K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1507	−0.172%	$2.8M	$568K	125x	as long as short
KuCoin IMXUSDTM	+0.0100%	4h	0.1508	−0.106%	$396K	$128K	50x	as long as short
Bitget IMXUSDTshort	+0.0100%	4h	0.1509	−0.039%	$1.3M	$414K	75x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1506	−0.238%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1505	−0.283%	$94K	$131K	—	as long as short
dYdX IMX-USD	+0.0233%	1h	0.1510	+0.014%	$26K	$72	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1508	−0.106%	$192K	$142K	75x	as long as short
Kraken Futures PF_IMXUSDlong	+0.1339%	1h	0.1510	long leg	$115K	$11K	20x