Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0292%/8h= +31.9% APRpaid last 24h +0.073%

Price spread now: GMX against Bitget+0.016%7-day average — · you sell dearer than you buy

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

Long on Bitget 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STXUSDT	0.3417	0.0074	pay 0.0074% / 8h	42m 26s	$4.9M	$1.9M	50x
Short	GMX STX/USD [WBTC.b-USDC]	0.3418	L +0.0194% / S −0.0366%	get 0.0046% / 1h	42m 26s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.016%Rate

Funding earned: $61.22
Price spread: +0.016% → 0.000%: $1.61
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $38.83
Costs to cover: 0.240%
Break-even: 2.6 days

Slippage unknown: Bitget: 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 Bitget live order book, 6 min ago	4.37 bp	19.8 bp −$20	43.5 bp −$435	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	−0.1666%	1h	0.3426	+0.256%	$75K	$124K	20x	as long as short
Variational Omni STX	−0.0437%	8h	0.3442	+0.734%	$818K	$308K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3418	+0.041%	—	—	150x	as long as short
Injective STX/USDC PERP	0.0000%	1h	0.3463	+1.346%	$4K	$264K	12x	as long as short
Bitget STXUSDTlong	+0.0074%	8h	0.3417	long leg	$4.9M	$1.9M	50x
BloFin STX-USDT	+0.0092%	8h	0.3421	+0.117%	$429K	$232K	20x	as long as short
Hyperliquid STX	+0.0100%	1h	0.3422	+0.158%	$1.5M	$1.0M	5x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3423	+0.171%	$128K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3418	+0.017%	$8.0M	$19.8M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3413	−0.126%	$8.7M	$7.5M	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	0.3418	+0.029%	$2.4M	$6.5M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3417	0.000%	$598K	$442K	50x	as long as short
MEXC STX_USDT	+0.0100%	8h	0.3417	0.000%	$6.2M	$1.3M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3420	+0.088%	$2.4M	$1.7M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3417	0.000%	—	$16.1M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3430	+0.380%	$57K	$676K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3419	+0.057%	$185K	$590K	10x	as long as short
GMX STX/USD [WBTC.b-USDC]short	L +0.0194% / S −0.0366%	1h	0.3418	+0.016%	$5K	—	100x