Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.077%7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$3063.060% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.077%, 7d avg −0.097%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.174% dearer against KuCoin than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1512	0.0100	pay 0.0050% / 4h	3h 21m	$356K	$184K	50x
Short	Binance IMXUSDT	0.1513	0.0100	get 0.0050% / 4h	3h 21m	$3.6M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.077%Rate

Funding earned: $0
Price spread: +0.077% → −0.097%: $17.42
Slippage, 4 orders: −$283.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$288.55
Costs to cover: 3.060%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 1 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 KuCoin live order book, 1 min ago	6.62 bp	136.9 bp −$137	236.7 bp −$2,367	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	3.31 bp	19.6 bp −$20	79.2 bp −$792	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	−0.0072%	4h	0.1493	−1.243%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1515	+0.177%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.198%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1518	+0.390%	$3.4M	$292K	5x	as long as short
Binance IMXUSDTshort	+0.0100%	4h	0.1513	+0.077%	$3.6M	$5.8M	75x
Bybit IMXUSDT	+0.0100%	4h	0.1512	+0.007%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1513	+0.086%	$944K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1511	−0.066%	$646K	$73K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1512	0.000%	$2.5M	$602K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1512	long leg	$356K	$184K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1514	+0.132%	$1.3M	$380K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1513	+0.066%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1500	−0.794%	$184K	$147K	75x	as long as short
dYdX IMX-USD	+0.0852%	1h	0.1511	−0.084%	$33K	$18K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.3350%	1h	0.1520	+0.523%	$115K	$8K	20x	as long as short