Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.094%

Price spread now: GMX against Gate+0.183%7-day average — · you sell dearer than you buy

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

Long on Gate 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 +$7 a day on $10k at the current rate, and GMX is 0.183% dearer against Gate than usual: you sell high and buy low: +$18 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	Gate STX_USDT	0.3379	0.0086	pay 0.0086% / 8h	4h 21m	$608K	$351K	50x
Short	GMX STX/USD [WBTC.b-USDC]	0.3385	L +0.0190% / S −0.0304%	get 0.0038% / 1h	21m 28s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.183%Rate

Funding earned: $45.81
Price spread: +0.183% → 0.000%: $18.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $37.1
Costs to cover: 0.270%
Break-even: 1.3 days

Slippage unknown: Gate: live order book, 35 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 Gate live order book, 35 min ago	2.96 bp	27.7 bp −$28	223.9 bp −$2,239	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	−0.0855%	1h	0.3388	+0.259%	$70K	$115K	20x	as long as short
Variational Omni STX	−0.0264%	8h	0.3376	−0.078%	$776K	$235K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3386	+0.197%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+2.486%	$4K	$264K	12x	as long as short
BloFin STX-USDT	+0.0076%	8h	0.3389	+0.296%	$410K	$215K	20x	as long as short
Gate STX_USDTlong	+0.0086%	8h	0.3379	long leg	$608K	$351K	50x
Aster STXUSDT	+0.0100%	8h	0.3383	+0.130%	$127K	$55K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3383	+0.129%	$7.7M	$17.7M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3379	+0.012%	$8.6M	$6.4M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3381	+0.059%	$2.3M	$5.3M	20x	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	0.3383	+0.118%	$6.0M	$1.2M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3385	+0.178%	$2.4M	$1.1M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3381	+0.059%	$4.6M	$1.9M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3383	+0.118%	—	$13.6M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3382	+0.089%	$60K	$697K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3382	+0.091%	$179K	$615K	10x	as long as short
GMX STX/USD [WBTC.b-USDC]short	L +0.0190% / S −0.0304%	1h	0.3385	+0.183%	$5K	—	100x
Hyperliquid STX	+0.0201%	1h	0.3389	+0.284%	$1.4M	$726K	5x	as long as short