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 0.000%

Price spread now: KuCoin against Gate0.000%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$575as in the Funding arb table

Net, price: spread back to 7d avg − costs−$570as in the Price arb table

costs, in and out, $10k−$5735.730% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.033%−$3 · spread now 0.000%, 7d avg −0.032%

Together, before fees−0.052%−$5 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: KuCoin is 0.032% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STG_USDT	0.1227	0.0100	pay 0.0050% / 4h	0m 22s	$106K	$182K	25x
Short	KuCoin STGUSDTM	0.1227	0.0100	get 0.0050% / 4h	0m 22s	$767K	$160K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.032%: $3.21
Slippage, 4 orders: −$545.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$569.77
Costs to cover: 5.730%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; KuCoin: live order book, 64 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 Gate live order book, 6 min ago	12.29 bp	147.3 bp −$147	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 64 min ago	12.31 bp	151.2 bp −$151	682.4 bp −$6,824	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
Binance STGUSDT	+0.0100%	4h	0.1228	+0.054%	$2.7M	$5.8M	20x	as long as short
Gate STG_USDTlong	+0.0100%	4h	0.1227	long leg	$106K	$182K	25x
KuCoin STGUSDTMshort	+0.0100%	4h	0.1227	0.000%	$767K	$160K	30x
Bitget STGUSDT	+0.0100%	4h	0.1228	+0.081%	$452K	$1.4M	50x	as long as short
Variational Omni STG	+0.0225%	8h	0.1227	+0.003%	$27K	$90K	—	as long as short
MEXC STG_USDT	+0.0346%	8h	0.1227	0.000%	$270K	$87K	20x	as long as short
BingX STG-USDT	+0.0346%	4h	0.1227	0.000%	—	$1.2M	—	as long as short
Bybit STGUSDT	+0.0348%	8h	0.1228	+0.073%	$1.1M	$2.3M	25x	as long as short
Aster STGUSDT	+0.0386%	4h	0.1225	−0.188%	$16K	$52K	5x	as long as short
Kraken Futures PF_STGUSD	+0.1443%	1h	0.1227	+0.039%	$9K	$10K	10x	as long as short