Funding arb · Price arb /

ANIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1917%/8h= +209.9% APRpaid last 24h +0.104%

Price spread now: GMX against Aster−0.112%51s7-day average — · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.112% cheaper against Aster than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 5 hours of funding at the current rate (+$58 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ANIMEUSDT	0.003363	0.0100	pay 0.0050% / 4h	30m 36s	$27K	$3K	5x
Short	GMX ANIME/USD [ANIME-USDC]	0.003359	L +0.0497% / S −0.2017%	get 0.0252% / 1h	30m 36s	$821	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $402.56
Price spread: −0.112% → 0.000%: −$11.24
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $371.32
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: Aster: no order-book sample; GMX: 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 Aster no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Aster and GMX: 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.

ANIME on 13 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
Hyperliquid ANIME	+0.0100%	1h	0.003362	−0.023%	$292K	$100K	3x	as long as short
Aster ANIMEUSDTlong	+0.0100%	4h	0.003363	long leg	$27K	$3K	5x
Binance ANIMEUSDT	+0.0100%	4h	0.003365	+0.066%	$1.3M	$1.7M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003365	+0.066%	$701K	$291K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003362	−0.023%	$429K	$546K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003358	−0.142%	$140K	$63K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003365	+0.066%	$212K	$89K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003359	−0.112%	$437K	$60K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003361	−0.053%	$851K	$165K	10x	as long as short
BingX ANIME-USDT	+0.0100%	4h	0.003365	+0.066%	—	$6.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ANIME	+0.0100%	4h	0.003362	−0.011%	$11K	$553	—	as long as short
Kraken Futures PF_ANIMEUSD	+0.0240%	1h	0.003362	−0.016%	$33K	$1K	10x	as long as short
GMX ANIME/USD [ANIME-USDC]short	L +0.0497% / S −0.2017%	1h	0.003359	−0.112%	$821	—	100x