Funding arb · Price arb /

STX

all STX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.089%

Price spread now: GMX against BingX−0.050%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. GMX is 0.050% cheaper against BingX than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 25 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STX-USDT	0.3347	0.0100	pay 0.0100% / 8h	6h 46m	—	$13.6M	—
Short	GMX STX/USD [WBTC.b-USDC]	0.3345	L +0.0188% / S −0.0263%	get 0.0033% / 1h	46m 53s	$4K	—	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 −0.050%Rate

Funding earned: $34.24
Price spread: −0.050% → 0.000%: −$5.02
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $7.22
Costs to cover: 0.220%
Break-even: 5.5 days

Slippage unknown: BingX: 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 BingX live order book, 6 min ago	2.98 bp	16.7 bp −$17	41.2 bp −$412	332.7 bp −$33.3K	456.8 bp −$228.4K
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	−0.1128%	1h	0.3345	−0.057%	$70K	$126K	20x	as long as short
Variational Omni STX	−0.0362%	8h	0.3342	−0.135%	$766K	$295K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3345	−0.055%	—	—	150x	as long as short
Bitget STXUSDT	+0.0032%	8h	0.3344	−0.090%	$4.6M	$2.0M	50x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+3.466%	$4K	$264K	12x	as long as short
ApeX Omni STXUSDT	+0.0092%	1h	0.3352	+0.149%	$49K	$686K	50x	as long as short
BloFin STX-USDT	+0.0093%	8h	0.3347	0.000%	$413K	$218K	20x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3346	−0.027%	$125K	$58K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3348	+0.038%	$7.7M	$18.7M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3343	−0.128%	$8.5M	$6.9M	75x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STX-USDT-SWAP	+0.0100%	8h	0.3346	−0.030%	$2.3M	$5.6M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3341	−0.179%	$585K	$339K	50x	as long as short
MEXC STX_USDT	+0.0100%	8h	0.3347	0.000%	$6.0M	$1.2M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3348	+0.030%	$2.4M	$1.7M	50x	as long as short
BingX STX-USDTlong	+0.0100%	8h	0.3347	long leg	—	$13.6M	—
Extended STX-USD	+0.0104%	1h	0.3346	−0.042%	$180K	$617K	10x	as long as short
GMX STX/USD [WBTC.b-USDC]short	L +0.0188% / S −0.0263%	1h	0.3345	−0.050%	$4K	—	100x
Hyperliquid STX	+0.0292%	1h	0.3351	+0.131%	$1.5M	$783K	5x	as long as short