Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0397%/8h= −43.4% APRpaid last 24h +9.056%

Price spread now: BingX against GMX+0.208%7-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 BingX

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. BingX is 0.208% dearer against GMX than usual: you sell high and buy low (spread +0.208% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ANIME/USD [ANIME-USDC]	0.003365	L +0.0497% / S −0.2017%	pay 0.0062% / 1h	59m 44s	$822	—	100x
Short	BingX ANIME-USDT	0.003372	0.0100	get 0.0050% / 4h	1h 59m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$83.27
Price spread: +0.208% → 0.000%: $20.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$84.47
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	2.97 bp	20.3 bp −$20	171.3 bp −$1,713	716.8 bp −$71.7K	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	−0.0040%	1h	0.003368	+0.077%	$33K	$1K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003363	−0.059%	$293K	$87K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003368	+0.090%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003363	−0.053%	$1.3M	$1.5M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003367	+0.059%	$695K	$265K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003364	−0.030%	$433K	$509K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003363	−0.059%	$140K	$55K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003364	−0.030%	$208K	$90K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003364	−0.030%	$435K	$62K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003364	−0.030%	$855K	$139K	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-USDTshort	+0.0100%	4h	0.003372	+0.208%	—	$6.5M	—
Variational Omni ANIME	+0.0100%	4h	0.003369	+0.130%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]long	L +0.0497% / S −0.2017%	1h	0.003365	long leg	$822	—	100x