Funding arb · Price arb /

STX

all STX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.021%

Price spread now: Binance against GMX−0.017%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 Binance

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: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX STX/USD [WBTC.b-USDC]	0.3344	L +0.0188% / S −0.0263%	pay 0.0023% / 1h	46m 02s	$4K	—	100x
Short	Binance STXUSDT	0.3343	0.0100	get 0.0100% / 8h	6h 46m	$7.7M	$18.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.017%Rate

Funding earned: −$18.39
Price spread: −0.017% → 0.000%: −$1.73
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.12
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 10 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 Binance live order book, 10 min ago	1.50 bp	17.0 bp −$17	59.2 bp −$592	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	−0.1127%	1h	0.3346	+0.071%	$70K	$126K	20x	as long as short
Variational Omni STX	−0.0353%	8h	0.3340	−0.108%	$766K	$294K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3344	+0.017%	—	—	150x	as long as short
Bitget STXUSDT	+0.0033%	8h	0.3342	−0.047%	$4.6M	$2.0M	50x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+3.572%	$4K	$264K	12x	as long as short
ApeX Omni STXUSDT	+0.0092%	1h	0.3352	+0.252%	$49K	$686K	50x	as long as short
BloFin STX-USDT	+0.0093%	8h	0.3347	+0.102%	$413K	$218K	20x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3347	+0.098%	$125K	$58K	10x	as long as short
Binance STXUSDTshort	+0.0100%	8h	0.3343	−0.017%	$7.7M	$18.7M	75x
Bybit STXUSDT	+0.0100%	8h	0.3339	−0.137%	$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	0.3343	−0.017%	$2.3M	$5.6M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3342	−0.047%	$585K	$339K	50x	as long as short
MEXC STX_USDT	+0.0100%	8h	0.3343	−0.017%	$6.0M	$1.2M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3344	+0.013%	$2.4M	$1.7M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3344	+0.013%	—	$13.6M	—	as long as short
Extended STX-USD	+0.0104%	1h	0.3342	−0.038%	$180K	$617K	10x	as long as short
GMX STX/USD [WBTC.b-USDC]long	L +0.0188% / S −0.0263%	1h	0.3344	long leg	$4K	—	100x
Hyperliquid STX	+0.0284%	1h	0.3350	+0.192%	$1.4M	$783K	5x	as long as short