Funding arb · Price arb /

ANIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0397%/8h= −43.4% APRpaid last 24h +10.951%

Price spread now: MEXC against GMX+0.119%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 MEXC

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. MEXC is 0.119% dearer against GMX than usual: you sell high and buy low (spread +0.119% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ANIME/USD [ANIME-USDC]	0.003353	L +0.0497% / S −0.2017%	pay 0.0062% / 1h	26m 09s	$819	—	100x
Short	MEXC ANIME_USDT	0.003357	0.0100	get 0.0050% / 4h	26m 09s	$211K	$89K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$83.28
Price spread: +0.119% → 0.000%: $11.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$87.35
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	1.49 bp	9.4 bp −$9	74.0 bp −$740	268.1 bp −$26.8K	531.9 bp −$266.0K

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	0.003356	+0.089%	$292K	$100K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003362	+0.274%	$27K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003359	+0.179%	$1.3M	$1.7M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003359	+0.179%	$700K	$289K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003356	+0.089%	$428K	$542K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003359	+0.179%	$140K	$63K	25x	as long as short
MEXC ANIME_USDTshort	+0.0100%	4h	0.003357	+0.119%	$211K	$89K	20x
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003359	+0.179%	$437K	$60K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003359	+0.179%	$850K	$163K	10x	as long as short
BingX ANIME-USDT	+0.0100%	4h	0.003360	+0.209%	—	$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	+0.281%	$11K	$553	—	as long as short
Kraken Futures PF_ANIMEUSD	+0.0241%	1h	0.003359	+0.170%	$33K	$1K	10x	as long as short
GMX ANIME/USD [ANIME-USDC]long	L +0.0497% / S −0.2017%	1h	0.003353	long leg	$819	—	100x