Funding arb · Price arb /

IMX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against KuCoin−0.033%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2432.429% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.033%, 7d avg −0.113%

Together, before fees−0.047%−$5 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: OKX is 0.080% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IMXUSDTM	0.1508	0.0100	pay 0.0050% / 4h	41m 13s	$396K	$128K	50x
Short	OKX IMX-USDT-SWAP	0.1507	0.0100	get 0.0050% / 4h	41m 13s	$957K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.113%: $8
Slippage, 4 orders: −$220.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$234.86
Costs to cover: 2.429%
Break-even: never at this rate

Slippage from KuCoin: live order book, 21 min ago; OKX: live order book, 6 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, 21 min ago	6.65 bp	88.1 bp −$88	203.6 bp −$2,036	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.33 bp	31.2 bp −$31	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
gTrade (Gains Network) IMX/USD	L −0.0002% / S +0.0004%	1h	0.1509	+0.049%	$6K	—	150x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+0.464%	$559	$28K	5.5x	as long as short
Hyperliquid IMX	+0.0100%	1h	0.1512	+0.252%	$3.5M	$294K	5x	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1507	−0.064%	$3.7M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1506	−0.139%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAPshort	+0.0100%	4h	0.1507	−0.033%	$957K	$1.7M	20x
Gate IMX_USDT	+0.0100%	4h	0.1506	−0.133%	$650K	$141K	50x	as long as short
MEXC IMX_USDT	+0.0100%	4h	0.1507	−0.066%	$2.8M	$567K	125x	as long as short
KuCoin IMXUSDTMlong	+0.0100%	4h	0.1508	long leg	$396K	$128K	50x
Bitget IMXUSDT	+0.0100%	4h	0.1509	+0.066%	$1.3M	$411K	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	0.1508	0.000%	—	$2.9M	—	as long as short
Variational Omni IMX	+0.0100%	4h	0.1507	−0.046%	$94K	$131K	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1508	0.000%	$191K	$143K	75x	as long as short
dYdX IMX-USD	+0.0427%	1h	0.1509	+0.073%	$26K	$66	5x	as long as short
Kraken Futures PF_IMXUSD	+0.1340%	1h	0.1509	+0.067%	$115K	$11K	20x	as long as short