Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1917%/8h= +209.9% APRpaid last 24h +0.179%

Price spread now: GMX against Bybit+0.060%7-day average — · you sell dearer than you buy

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

Long on Bybit 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—needs both histories

Both sides work for this trade now. Funding pays +$58 a day on $10k at the current rate, and GMX is 0.060% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ANIMEUSDT	0.003311	0.0100	pay 0.0050% / 4h	2h 38m	$679K	$269K	25x
Short	GMX ANIME/USD [ANIME-USDC]	0.003313	L +0.0497% / S −0.2017%	get 0.0252% / 1h	38m 15s	$809	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $402.56
Price spread: +0.060% → 0.000%: $6.04
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $385.6
Costs to cover: 0.230%
Break-even: 0.3 days

Slippage unknown: Bybit: live order book, 6 min ago; 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 Bybit live order book, 6 min ago	4.49 bp	64.7 bp −$65	179.3 bp −$1,793	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Kraken Futures PF_ANIMEUSD	−0.0041%	1h	0.003315	+0.113%	$33K	$1K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003314	+0.091%	$289K	$83K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003310	−0.018%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003316	+0.164%	$1.3M	$1.6M	20x	as long as short
Bybit ANIMEUSDTlong	+0.0100%	4h	0.003311	long leg	$679K	$269K	25x
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003316	+0.151%	$424K	$507K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003304	−0.211%	$138K	$55K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003314	+0.091%	$205K	$88K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003311	0.000%	$433K	$58K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003310	−0.030%	$846K	$145K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003309	−0.060%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003324	+0.392%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]short	L +0.0497% / S −0.2017%	1h	0.003313	+0.060%	$809	—	100x