Funding arb · Price arb /

IMX

all IMX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1549%/8h= +169.6% APRpaid last 24h +0.363%

Price spread now: Kraken Futures against KuCoin+0.376%7-day average +0.177% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

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

costs, in and out, $10k−$3753.751% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.537%+$254 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.376%, 7d avg +0.177%

Together, before fees+2.351%+$235 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Kraken Futures is 0.200% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.177%.

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 17m	$380K	$161K	50x
Short	Kraken Futures PF_IMXUSD	0.1501	0.1649	get 0.0206% / 1h	17m 13s	$114K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.376%Rate

Funding earned: $325.25
Price spread: +0.376% → +0.177%: $19.95
Slippage, 4 orders: −$353.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$29.93
Costs to cover: 3.751%
Break-even: 7.6 days

Slippage from KuCoin: live order book, 55 min ago; Kraken Futures: live order book, 35 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, 55 min ago	9.92 bp	94.5 bp −$94	182.8 bp −$1,828	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 35 min ago	50.53 bp	78.5 bp −$79	doesn't fit	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	−0.0362%	4h	0.1496	+0.083%	$94K	$131K	—	as long as short
gTrade (Gains Network) IMX/USD	L +0.0001% / S +0.0004%	1h	0.1497	+0.108%	$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	−0.067%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1496	+0.080%	$939K	$1.6M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1494	−0.067%	$640K	$80K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1497	+0.134%	$2.6M	$581K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1495	long leg	$380K	$161K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1496	+0.067%	$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	0.1495	0.000%	—	$2.9M	—	as long as short
Hyperliquid IMX	+0.0338%	1h	0.1500	+0.334%	$3.4M	$294K	5x	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1494	−0.067%	$186K	$127K	75x	as long as short
dYdX IMX-USD	+0.0485%	1h	0.1496	+0.080%	$26K	$4K	5x	as long as short
Kraken Futures PF_IMXUSDshort	+0.1649%	1h	0.1501	+0.376%	$114K	$10K	20x