Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1917%/8h= +209.9% APRpaid last 24h +0.221%

Price spread now: GMX against KuCoin+0.058%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 0.058% dearer against KuCoin 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	KuCoin ANIMEUSDTM	0.003426	0.0100	pay 0.0050% / 4h	22m 57s	$410K	$86K	20x
Short	GMX ANIME/USD [ANIME-USDC]	0.003428	L +0.0497% / S −0.2017%	get 0.0252% / 1h	22m 57s	$837	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $402.56
Price spread: +0.058% → 0.000%: $5.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $384.39
Costs to cover: 0.240%
Break-even: 0.3 days

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	7.27 bp	90.8 bp −$91	doesn't fit	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	−0.0087%	1h	0.003428	+0.053%	$29K	$12K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003429	+0.088%	$303K	$97K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003426	+0.014%	$28K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003431	+0.132%	$1.3M	$1.8M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003428	+0.058%	$714K	$364K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003429	+0.088%	$444K	$717K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003418	−0.234%	$144K	$55K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003429	+0.088%	$206K	$87K	20x	as long as short
KuCoin ANIMEUSDTMlong	+0.0100%	4h	0.003426	long leg	$410K	$86K	20x
Bitget ANIMEUSDT	+0.0100%	4h	0.003428	+0.058%	$859K	$158K	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	0.003423	−0.088%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003421	−0.150%	$12K	$753	—	as long as short
GMX ANIME/USD [ANIME-USDC]short	L +0.0497% / S −0.2017%	1h	0.003428	+0.058%	$837	—	100x