Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.008%

Price spread now: dYdX against KuCoin−0.126%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.126% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1510	0.0100	pay 0.0050% / 4h	3h 30m	$390K	$121K	50x
Short	dYdX IMX-USD	0.1508	0.0029	get 0.0004% / 1h	30m 41s	$26K	$59	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$15.01
Price spread: −0.126% → 0.000%: −$12.58
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$49.59
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 min ago; dYdX: no order-book sample. 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 KuCoin live order book, 11 min ago	23.31 bp	158.8 bp −$159	641.1 bp −$6,411	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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/USD	L −0.0002% / S +0.0004%	1h	0.1508	−0.138%	$6K	—	150x	as long as short
dYdX IMX-USDshort	+0.0029%	1h	0.1508	−0.126%	$26K	$59	5x
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.331%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1511	+0.040%	$3.5M	$289K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1507	−0.202%	$3.7M	$6.0M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.258%	$3.9M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1507	−0.225%	$951K	$1.7M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1506	−0.265%	$650K	$148K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1507	−0.199%	$2.5M	$533K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1510	long leg	$390K	$121K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1508	−0.132%	$1.3M	$412K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1506	−0.265%	—	$2.6M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1507	−0.230%	$94K	$132K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1501	−0.596%	$194K	$134K	75x	as long as short
Kraken Futures PF_IMXUSD	+0.0849%	1h	0.1511	+0.051%	$115K	$23K	20x	as long as short