Funding arb · Price arb /

STX

all STX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h −0.045%

Price spread now: KuCoin against GMX−0.034%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 KuCoin

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 −$3 a day on $10k at the current rate, and KuCoin is 0.034% cheaper against GMX than usual: you would sell low and buy high (−$3 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 STX/USD [WBTC.b-USDC]	0.3423	L +0.0191% / S −0.0313%	pay 0.0024% / 1h	21m 05s	$5K	—	100x
Short	KuCoin STXUSDTM	0.3422	0.0100	get 0.0100% / 8h	2h 21m	$2.4M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$19.03
Price spread: −0.034% → 0.000%: −$3.39
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.41
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	7.28 bp	31.5 bp −$31	98.4 bp −$984	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.

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	−0.1364%	1h	0.3421	−0.054%	$76K	$159K	20x	as long as short
Variational Omni STX	−0.0567%	8h	0.3432	+0.255%	$813K	$307K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3421	−0.074%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3441	+0.521%	$4K	$148K	12x	as long as short
BloFin STX-USDT	+0.0100%	8h	0.3420	−0.092%	$432K	$242K	20x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3421	−0.059%	$128K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3419	−0.122%	$8.0M	$20.2M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3415	−0.238%	$8.7M	$7.5M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3419	−0.122%	$2.4M	$6.6M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3420	−0.092%	$601K	$442K	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	0.3418	−0.151%	$6.3M	$1.5M	50x	as long as short
KuCoin STXUSDTMshort	+0.0100%	8h	0.3422	−0.034%	$2.4M	$1.8M	50x
Bitget STXUSDT	+0.0100%	8h	0.3421	−0.063%	$4.9M	$2.0M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3419	−0.122%	—	$15.8M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3429	+0.171%	$57K	$680K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3418	−0.162%	$180K	$585K	10x	as long as short
GMX STX/USD [WBTC.b-USDC]long	L +0.0191% / S −0.0313%	1h	0.3423	long leg	$5K	—	100x
Hyperliquid STX	+0.0306%	1h	0.3425	+0.045%	$1.5M	$1.0M	5x	as long as short