Funding arb · Price arb /

ANIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0397%/8h= −43.4% APRpaid last 24h +11.898%

Price spread now: Gate against GMX−0.118%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Gate

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 against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.118% cheaper against GMX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ANIME/USD [ANIME-USDC]	0.003382	L +0.0497% / S −0.2017%	pay 0.0062% / 1h	16m 45s	$826	—	100x
Short	Gate ANIME_USDT	0.003378	0.0100	get 0.0050% / 4h	1h 16m	$142K	$70K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.118%Rate

Funding earned: −$83.28
Price spread: −0.118% → 0.000%: −$11.83
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$122.11
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 39 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 Gate live order book, 39 min ago	10.43 bp	129.8 bp −$130	doesn't fit	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	−0.0066%	1h	0.003384	+0.055%	$33K	$1K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003381	−0.030%	$295K	$107K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003380	−0.064%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003381	−0.020%	$1.3M	$1.7M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003384	+0.059%	$706K	$290K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003383	+0.030%	$437K	$557K	20x	as long as short
Gate ANIME_USDTshort	+0.0100%	4h	0.003378	−0.118%	$142K	$70K	25x
MEXC ANIME_USDT	+0.0100%	4h	0.003380	−0.059%	$213K	$90K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003381	−0.030%	$436K	$60K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003381	−0.030%	$857K	$171K	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	0.003383	+0.030%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003384	+0.055%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]long	L +0.0497% / S −0.2017%	1h	0.003382	long leg	$826	—	100x