Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0397%/8h= −43.4% APRpaid last 24h +12.845%

Price spread now: Binance against GMX+0.040%50s7-day average — · you sell dearer than you buy

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

Long on GMX Short on Binance

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

The price spread pays, funding is against you. Binance is 0.040% dearer against GMX than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 50 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	GMX ANIME/USD [ANIME-USDC]	0.003362	L +0.0497% / S −0.2017%	pay 0.0062% / 1h	6m 33s	$821	—	100x
Short	Binance ANIMEUSDT	0.003363	0.0100	get 0.0050% / 4h	2h 06m	$1.3M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: −$83.28
Price spread: +0.040% → 0.000%: $4.05
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.24
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 12 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	1.49 bp	33.2 bp −$33	175.1 bp −$1,751	doesn't fit	doesn't fit

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	−0.0685%	1h	0.003363	+0.026%	$33K	$1K	10x	as long as short
KuCoin ANIMEUSDTM	+0.0082%	4h	0.003361	−0.030%	$433K	$61K	20x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003363	+0.030%	$294K	$109K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003362	−0.003%	$27K	$3K	5x	as long as short
Binance ANIMEUSDTshort	+0.0100%	4h	0.003363	+0.040%	$1.3M	$1.8M	20x
Bybit ANIMEUSDT	+0.0100%	4h	0.003362	0.000%	$702K	$292K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003362	0.000%	$432K	$556K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003357	−0.149%	$141K	$73K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003363	+0.030%	$212K	$90K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003362	0.000%	$851K	$173K	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	0.003361	−0.030%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003359	−0.077%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]long	L +0.0497% / S −0.2017%	1h	0.003362	long leg	$821	—	100x