Settings8H · net · $10k
Funding arb · Price arb /

STG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0007%/8h= −0.7% APRpaid last 24h −0.003%
Price spread now: BingX against Bybit−0.172%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1671.673% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 7 days+0.148%+$15 · spread now −0.172%, 7d avg −0.036%
Together, before fees+0.179%+$18 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: BingX is 0.136% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit STGUSDT0.12200.0163pay 0.0163% / 8h1h 11m$1.1M$2.3M25x
ShortBingX STG-USDT0.12180.0156get 0.0078% / 4h1h 11m$1.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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

Funding earned
−$1.42
Price spread: −0.172% → −0.036%
−$13.57
Slippage, 4 orders
−$146.26
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$182.25
Costs to cover
1.673%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago1.64 bp65.2 bp −$65344.2 bp −$3,442doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago8.20 bp18.2 bp −$1860.1 bp −$601413.5 bp −$41.4K460.8 bp −$230.4K

STG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster STGUSDT+0.0100%4h0.1218−0.196%$16K$58K5xas long as short
Binance STGUSDT+0.0100%4h0.1219−0.125%$2.7M$6.0M20xas long as short
Gate STG_USDT+0.0100%4h0.1217−0.254%$105K$213K25xas long as short
KuCoin STGUSDTM+0.0100%4h0.1219−0.090%$769K$164K30xas long as short
Bitget STGUSDT+0.0100%4h0.1217−0.254%$460K$1.4M50xas long as short
Variational Omni STG+0.0100%8h0.1220−0.045%$27K$90Kas long as short
BingX STG-USDTshort+0.0156%4h0.1218−0.172%$1.2M
MEXC STG_USDT+0.0160%8h0.1219−0.090%$268K$87K20xas long as short
Bybit STGUSDTlong+0.0163%8h0.1220long leg$1.1M$2.3M25x
Kraken Futures PF_STGUSD+0.1629%1h0.1221+0.065%$9K$10K10xas long as short