Funding arb · Price arb /

STX

all STX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.020%

Price spread now: MEXC against GMX−0.082%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 MEXC

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.082% cheaper against GMX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX STX/USD [WBTC.b-USDC]	0.3434	L +0.0194% / S −0.0366%	pay 0.0024% / 1h	44m 50s	$5K	—	100x
Short	MEXC STX_USDT	0.3431	0.0100	get 0.0100% / 8h	44m 50s	$6.3M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$19.67
Price spread: −0.082% → 0.000%: −$8.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$43.91
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.45 bp	8.8 bp −$9	21.5 bp −$215	121.8 bp −$12.2K	156.7 bp −$78.4K

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	−0.1661%	1h	0.3436	+0.071%	$75K	$124K	20x	as long as short
Variational Omni STX	−0.0437%	8h	0.3442	+0.240%	$818K	$308K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3432	−0.041%	—	—	150x	as long as short
Injective STX/USDC PERP	0.0000%	1h	0.3463	+0.849%	$4K	$264K	12x	as long as short
Bitget STXUSDT	+0.0076%	8h	0.3429	−0.141%	$4.9M	$1.9M	50x	as long as short
Hyperliquid STX	+0.0100%	1h	0.3439	+0.162%	$1.5M	$1.0M	5x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3434	+0.001%	$128K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3433	−0.024%	$8.1M	$19.8M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3429	−0.135%	$8.8M	$7.5M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3435	+0.034%	$2.4M	$6.6M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STX_USDT	+0.0100%	8h	0.3428	−0.170%	$600K	$442K	50x	as long as short
MEXC STX_USDTshort	+0.0100%	8h	0.3431	−0.082%	$6.3M	$1.3M	50x
KuCoin STXUSDTM	+0.0100%	8h	0.3431	−0.082%	$2.4M	$1.7M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3433	−0.024%	—	$16.1M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3442	+0.238%	$58K	$677K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3431	−0.097%	$186K	$590K	10x	as long as short
BloFin STX-USDT	+0.0106%	8h	0.3433	−0.024%	$430K	$233K	20x	as long as short
GMX STX/USD [WBTC.b-USDC]long	L +0.0194% / S −0.0366%	1h	0.3434	long leg	$5K	—	100x