Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.040%

Price spread now: Injective against KuCoin+1.952%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Injective is 1.952% dearer against KuCoin than usual: you sell high and buy low (spread +1.952% now, against zero (this spread has no 7-day history yet)): +$195 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1486	0.0100	pay 0.0050% / 4h	16m 40s	$354K	$183K	50x
Short	Injective IMX/USDC PERP	0.1515	0.0033	get 0.0004% / 1h	16m 40s	$559	$28K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.952%Rate

Funding earned: −$14
Price spread: +1.952% → 0.000%: $195.15
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $169.13
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 16 min ago; Injective: 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, 16 min ago	6.73 bp	76.2 bp −$76	242.7 bp −$2,427	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.1489	+0.178%	$6K	—	150x	as long as short
Variational Omni IMX	+0.0033%	4h	0.1483	−0.186%	$93K	$131K	—	as long as short
Injective IMX/USDC PERPshort	+0.0033%	1h	0.1515	+1.952%	$559	$28K	5.5x
dYdX IMX-USD	+0.0036%	1h	0.1489	+0.185%	$26K	$4K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1488	+0.155%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1486	0.000%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1487	+0.101%	$932K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1486	0.000%	$635K	$72K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1489	+0.202%	$2.4M	$596K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1486	long leg	$354K	$183K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget IMXUSDT	+0.0100%	4h	0.1488	+0.135%	$1.3M	$386K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1487	+0.067%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1488	+0.135%	$183K	$136K	75x	as long as short
Hyperliquid IMX	+0.0642%	1h	0.1493	+0.478%	$3.4M	$315K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.2016%	1h	0.1495	+0.627%	$114K	$10K	20x	as long as short