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 Binance−0.100%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.100% cheaper against Binance than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.0 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STXUSDT	0.3365	0.0100	pay 0.0100% / 8h	5h 59m	$7.7M	$18.3M	75x
Short	GMX STX/USD [WBTC.b-USDC]	0.3362	L +0.0188% / S −0.0263%	get 0.0033% / 1h	59m 46s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $34.24
Price spread: −0.100% → 0.000%: −$9.99
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.25
Costs to cover: 0.220%
Break-even: 6.5 days

Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago	1.49 bp	16.6 bp −$17	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 17 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	−0.1120%	1h	0.3367	+0.064%	$70K	$119K	20x	as long as short
Variational Omni STX	−0.0337%	8h	0.3357	−0.223%	$770K	$255K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3363	−0.054%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+2.915%	$4K	$264K	12x	as long as short
Gate STX_USDT	+0.0088%	8h	0.3358	−0.205%	$596K	$359K	50x	as long as short
Bitget STXUSDT	+0.0090%	8h	0.3363	−0.056%	$4.6M	$2.0M	50x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3362	−0.076%	$126K	$59K	10x	as long as short
Binance STXUSDTlong	+0.0100%	8h	0.3365	long leg	$7.7M	$18.3M	75x
Bybit STXUSDT	+0.0100%	8h	0.3359	−0.169%	$8.5M	$6.6M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3365	+0.003%	$2.3M	$5.5M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC STX_USDT	+0.0100%	8h	0.3363	−0.056%	$6.0M	$1.3M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3365	+0.003%	$2.4M	$1.7M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3363	−0.056%	—	$13.6M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3368	+0.092%	$49K	$688K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3362	−0.083%	$179K	$618K	10x	as long as short
GMX STX/USD [WBTC.b-USDC]short	L +0.0188% / S −0.0263%	1h	0.3362	−0.100%	$4K	—	100x
Hyperliquid STX	+0.0420%	1h	0.3373	+0.244%	$1.5M	$754K	5x	as long as short