Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0204%/8h= +22.4% APRpaid last 24h +0.108%

Price spread now: GMX against KuCoin−0.240%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. GMX is 0.240% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.240% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 3.9 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STXUSDTM	0.3483	0.0100	pay 0.0100% / 8h	2h 35m	$2.4M	$1.1M	50x
Short	GMX STX/USD [WBTC.b-USDC]	0.3475	L +0.0191% / S −0.0304%	get 0.0038% / 1h	35m 56s	$5K	—	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 −0.240%Rate

Funding earned: $42.87
Price spread: −0.240% → 0.000%: −$23.97
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5.11
Costs to cover: 0.240%
Break-even: 7.8 days

Slippage unknown: KuCoin: live order book, 6 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, 6 min ago	4.32 bp	44.3 bp −$44	131.0 bp −$1,310	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	−0.0730%	1h	0.3472	−0.316%	$73K	$113K	20x	as long as short
Variational Omni STX	−0.0158%	8h	0.3468	−0.417%	$796K	$235K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3471	−0.338%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	−0.574%	$4K	$264K	12x	as long as short
Hyperliquid STX	+0.0100%	1h	0.3490	+0.210%	$1.5M	$763K	5x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3482	−0.027%	$130K	$56K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3487	+0.115%	$8.1M	$18.2M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3483	0.000%	$9.0M	$6.5M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3486	+0.086%	$2.4M	$5.7M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3480	−0.086%	$629K	$397K	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	0.3487	+0.115%	$6.1M	$1.2M	50x	as long as short
KuCoin STXUSDTMlong	+0.0100%	8h	0.3483	long leg	$2.4M	$1.1M	50x
Bitget STXUSDT	+0.0100%	8h	0.3487	+0.115%	$4.8M	$2.1M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3483	0.000%	—	$13.5M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3453	−0.861%	$61K	$689K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3486	+0.089%	$185K	$1.1M	10x	as long as short
BloFin STX-USDT	+0.0115%	8h	0.3466	−0.488%	$423K	$223K	20x	as long as short
GMX STX/USD [WBTC.b-USDC]short	L +0.0191% / S −0.0304%	1h	0.3475	−0.240%	$5K	—	100x