Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0204%/8h= +22.4% APRpaid last 24h +0.085%

Price spread now: GMX against Binance+0.061%7-day average — · you sell dearer than you buy

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

Long on Binance 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 +$6 a day on $10k at the current rate, and GMX is 0.061% dearer against Binance 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	Binance STXUSDT	0.3456	0.0100	pay 0.0100% / 8h	3h 31m	$8.0M	$17.9M	75x
Short	GMX STX/USD [WBTC.b-USDC]	0.3459	L +0.0190% / S −0.0304%	get 0.0038% / 1h	31m 21s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $42.87
Price spread: +0.061% → 0.000%: $6.08
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $26.95
Costs to cover: 0.220%
Break-even: 2.6 days

Slippage unknown: Binance: 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 Binance live order book, 10 min ago	1.46 bp	14.9 bp −$15	52.3 bp −$523	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.

STX on 18 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_STXUSD	−0.0646%	1h	0.3459	+0.078%	$72K	$112K	20x	as long as short
Variational Omni STX	−0.0213%	8h	0.3431	−0.725%	$788K	$235K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3456	−0.014%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+0.189%	$4K	$264K	12x	as long as short
BloFin STX-USDT	+0.0080%	8h	0.3431	−0.736%	$421K	$219K	20x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3454	−0.073%	$129K	$55K	10x	as long as short
Binance STXUSDTlong	+0.0100%	8h	0.3456	long leg	$8.0M	$17.9M	75x
Bybit STXUSDT	+0.0100%	8h	0.3457	+0.016%	$8.9M	$6.4M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3457	+0.016%	$2.3M	$5.5M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3450	−0.187%	$619K	$376K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC STX_USDT	+0.0100%	8h	0.3456	−0.013%	$6.1M	$1.2M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3439	−0.505%	$2.4M	$1.1M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3459	+0.074%	$4.7M	$1.9M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3454	−0.071%	—	$13.5M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3432	−0.708%	$60K	$694K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3458	+0.035%	$182K	$609K	10x	as long as short
Hyperliquid STX	+0.0157%	1h	0.3451	−0.161%	$1.5M	$726K	5x	as long as short
GMX STX/USD [WBTC.b-USDC]short	L +0.0190% / S −0.0304%	1h	0.3459	+0.061%	$5K	—	100x