Funding arb · Price arb /

IMX

all IMX markets

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: Gate against KuCoin+0.134%7-day average −0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs−$387as in the Funding arb table

Net, price: spread back to 7d avg − costs−$355as in the Price arb table

costs, in and out, $10k−$3853.852% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.365%−$37 · spread now +0.134%, 7d avg −0.170%

Together, before fees−0.379%−$38 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: Gate is 0.304% dearer against KuCoin than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1495	0.0100	pay 0.0050% / 4h	3h 25m	$380K	$162K	50x
Short	Gate IMX_USDT	0.1497	0.0100	get 0.0050% / 4h	3h 25m	$641K	$79K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → −0.170%: $30.43
Slippage, 4 orders: −$358.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$354.78
Costs to cover: 3.852%
Break-even: never at this rate

Slippage from KuCoin: live order book, 47 min ago; Gate: live order book, 26 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, 47 min ago	9.92 bp	94.5 bp −$94	182.8 bp −$1,828	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	3.33 bp	100.6 bp −$101	183.6 bp −$1,836	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	−0.0385%	4h	0.1494	−0.085%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1497	+0.106%	$2K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.338%	$559	$28K	5.5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1496	+0.089%	$3.6M	$5.7M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1494	−0.100%	$3.8M	$2.1M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1496	+0.060%	$940K	$1.6M	20x	as long as short
Gate IMX_USDTshort	+0.0100%	4h	0.1497	+0.134%	$641K	$79K	50x
MEXC IMX_USDT	+0.0100%	4h	0.1497	+0.134%	$2.6M	$578K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1495	long leg	$380K	$162K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1497	+0.134%	$1.3M	$404K	75x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IMX-USDT	+0.0100%	4h	0.1497	+0.134%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0331%	1h	0.1500	+0.355%	$3.4M	$294K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1500	+0.334%	$186K	$124K	75x	as long as short
dYdX IMX-USD	+0.0361%	1h	0.1496	+0.054%	$26K	$3K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1647%	1h	0.1502	+0.458%	$114K	$10K	20x	as long as short