Funding arb · Price arb /

STG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.075%

Price spread now: Binance against BingX+0.124%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1000.995% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.124%, 7d avg −0.002%

Together, before fees−0.270%−$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.126% dearer against BingX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STG-USDT	0.1211	0.0100	pay 0.0050% / 4h	1h 51m	—	$1.2M	—
Short	Binance STGUSDT	0.1213	0.0100	get 0.0050% / 4h	1h 51m	$2.7M	$6.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → −0.002%: $12.59
Slippage, 4 orders: −$79.52
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.93
Costs to cover: 0.995%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Binance: live order book, 2 min ago.

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 BingX live order book, 5 min ago	8.24 bp	15.6 bp −$16	62.2 bp −$622	232.4 bp −$23.2K	248.3 bp −$124.2K
Sell Binance live order book, 2 min ago	4.13 bp	36.0 bp −$36	231.0 bp −$2,310	doesn't fit	doesn't fit

STG on 10 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
Aster STGUSDT	+0.0100%	4h	0.1213	+0.142%	$16K	$60K	5x	as long as short
Binance STGUSDTshort	+0.0100%	4h	0.1213	+0.124%	$2.7M	$6.0M	20x
Gate STG_USDT	+0.0100%	4h	0.1211	0.000%	$105K	$212K	25x	as long as short
MEXC STG_USDT	+0.0100%	8h	0.1211	0.000%	$267K	$85K	20x	as long as short
KuCoin STGUSDTM	+0.0100%	4h	0.1213	+0.165%	$780K	$163K	30x	as long as short
Bitget STGUSDT	+0.0100%	4h	0.1210	−0.083%	$451K	$1.4M	50x	as long as short
BingX STG-USDTlong	+0.0100%	4h	0.1211	long leg	—	$1.2M	—
Variational Omni STG	+0.0100%	8h	0.1213	+0.202%	$27K	$90K	—	as long as short
Bybit STGUSDT	+0.0101%	8h	0.1212	+0.116%	$1.0M	$2.4M	25x	as long as short
Kraken Futures PF_STGUSD	+0.1634%	1h	0.1217	+0.498%	$9K	$10K	10x	as long as short