Funding arb · Price arb /

STX

all STX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.079%

Price spread now: GMX against BingX+0.116%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.116% dearer against BingX than usual: you sell high and buy low: +$12 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	BingX STX-USDT	0.3444	0.0100	pay 0.0100% / 8h	2h 53m	—	$15.8M	—
Short	GMX STX/USD [WBTC.b-USDC]	0.3448	L +0.0191% / S −0.0313%	get 0.0039% / 1h	53m 56s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now +0.116%Rate

Funding earned: $44.72
Price spread: +0.116% → 0.000%: $11.61
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $34.34
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: BingX: live order book, 14 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 BingX live order book, 14 min ago	4.32 bp	17.2 bp −$17	44.6 bp −$446	291.2 bp −$29.1K	457.0 bp −$228.5K
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	−0.1355%	1h	0.3442	−0.058%	$77K	$158K	20x	as long as short
Variational Omni STX	−0.0643%	8h	0.3465	+0.624%	$826K	$321K	—	as long as short
ApeX Omni STXUSDT	−0.0586%	1h	0.3475	+0.900%	$58K	$678K	50x	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3446	+0.049%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3349	−2.758%	$4K	$111K	12x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3437	−0.203%	$129K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3447	+0.095%	$8.1M	$20.3M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3439	−0.145%	$8.8M	$7.5M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3444	0.000%	$2.4M	$6.7M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3436	−0.232%	$606K	$433K	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	0.3446	+0.058%	$6.3M	$1.5M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3442	−0.058%	$2.5M	$1.8M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3443	−0.029%	$5.0M	$1.9M	50x	as long as short
BingX STX-USDTlong	+0.0100%	8h	0.3444	long leg	—	$15.8M	—
Extended STX-USD	+0.0104%	1h	0.3443	−0.017%	$181K	$585K	10x	as long as short
BloFin STX-USDT	+0.0123%	8h	0.3453	+0.261%	$436K	$247K	20x	as long as short
GMX STX/USD [WBTC.b-USDC]short	L +0.0191% / S −0.0313%	1h	0.3448	+0.116%	$5K	—	100x
Hyperliquid STX	+0.0287%	1h	0.3449	+0.160%	$1.5M	$1.0M	5x	as long as short