Funding arb · Price arb /

IMX

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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: KuCoin against MEXC+0.134%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1751.752% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.134%, 7d avg +0.096%

Together, before fees−0.022%−$2 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: KuCoin is 0.038% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC IMX_USDT	0.1496	0.0100	pay 0.0050% / 4h	4m 36s	$2.4M	$597K	125x
Short	KuCoin IMXUSDTM	0.1498	0.0100	get 0.0050% / 4h	4m 36s	$359K	$183K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.096%: $3.79
Slippage, 4 orders: −$159.16
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$171.37
Costs to cover: 1.752%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 28 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 MEXC live order book, 2 min ago	3.33 bp	16.2 bp −$16	41.5 bp −$415	217.7 bp −$21.8K	doesn't fit
Sell KuCoin live order book, 28 min ago	6.73 bp	67.3 bp −$67	154.3 bp −$1,543	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	0.1501	+0.339%	$6K	—	150x	as long as short
dYdX IMX-USD	+0.0028%	1h	0.1500	+0.253%	$26K	$4K	5x	as long as short
Injective IMX/USDC PERP	+0.0033%	1h	0.1515	+1.270%	$559	$28K	5.5x	as long as short
Variational Omni IMX	+0.0098%	4h	0.1498	+0.120%	$94K	$131K	—	as long as short
Binance IMXUSDT	+0.0100%	4h	0.1496	0.000%	$3.6M	$5.9M	75x	as long as short
Bybit IMXUSDT	+0.0100%	4h	0.1495	−0.067%	$3.8M	$2.2M	75x	as long as short
OKX IMX-USDT-SWAP	+0.0100%	4h	0.1496	−0.027%	$935K	$1.5M	20x	as long as short
Gate IMX_USDT	+0.0100%	4h	0.1498	+0.134%	$640K	$72K	50x	as long as short
MEXC IMX_USDTlong	+0.0100%	4h	0.1496	long leg	$2.4M	$597K	125x
KuCoin IMXUSDTMshort	+0.0100%	4h	0.1498	+0.134%	$359K	$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	0.1500	+0.267%	$1.3M	$393K	75x	as long as short
BingX IMX-USDT	+0.0100%	4h	0.1497	+0.067%	—	$2.8M	—	as long as short
BloFin IMX-USDT	+0.0340%	4h	0.1498	+0.134%	$183K	$137K	75x	as long as short
Hyperliquid IMX	+0.0587%	1h	0.1503	+0.441%	$3.4M	$318K	5x	as long as short
Kraken Futures PF_IMXUSD	+0.2001%	1h	0.1507	+0.710%	$114K	$10K	20x	as long as short