Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin+0.135%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$2052.053% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.135%, 7d avg −0.067%

Together, before fees−0.161%−$16 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: Bitget is 0.202% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1484	0.0100	pay 0.0050% / 4h	20m 58s	$354K	$183K	50x
Short	Bitget IMXUSDT	0.1486	0.0100	get 0.0050% / 4h	20m 58s	$1.3M	$386K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → −0.067%: $20.2
Slippage, 4 orders: −$181.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$185.11
Costs to cover: 2.053%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 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 KuCoin live order book, 12 min ago	6.73 bp	76.2 bp −$76	242.7 bp −$2,427	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.37 bp	35.9 bp −$36	84.2 bp −$842	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	0.1488	+0.244%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+2.089%	$559	$28K	5.5x	as long as short
dYdX IMX-USD	+0.0041%	1h	0.1488	+0.250%	$26K	$4K	5x	as long as short
Variational Omni IMX	+0.0043%	4h	0.1480	−0.254%	$93K	$131K	—	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1484	0.000%	$3.5M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1482	−0.135%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1483	−0.061%	$929K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1483	−0.067%	$634K	$72K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1483	−0.067%	$2.4M	$596K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1484	long leg	$354K	$183K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDTshort	+0.0100%	4h	0.1486	+0.135%	$1.3M	$386K	75x
BingX IMX-USDT	+0.0100%	4h	0.1485	+0.067%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1485	+0.067%	$182K	$136K	75x	as long as short
Hyperliquid IMX	+0.0634%	1h	0.1489	+0.344%	$3.4M	$315K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.2021%	1h	0.1492	+0.528%	$113K	$10K	20x	as long as short