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% APRpaid last 24h −0.078%

Price spread now: Binance against MEXC+0.056%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$990.988% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.056%, 7d avg −0.022%

Together, before fees−0.199%−$20 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 0.078% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STG_USDT	0.1201	0.0100	pay 0.0100% / 8h	2h 31m	$264K	$86K	20x
Short	Binance STGUSDT	0.1202	0.0100	get 0.0050% / 4h	2h 31m	$2.7M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → −0.022%: $7.78
Slippage, 4 orders: −$84.85
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$91.07
Costs to cover: 0.988%
Break-even: never at this rate

Slippage from MEXC: live order book, 50 min ago; Binance: live order book, 7 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 MEXC live order book, 50 min ago	8.33 bp	17.8 bp −$18	151.0 bp −$1,510	382.3 bp −$38.2K	707.9 bp −$353.9K
Sell Binance live order book, 7 min ago	4.18 bp	35.5 bp −$36	205.0 bp −$2,050	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	0.1200	−0.084%	$16K	$72K	5x	as long as short
Binance STGUSDTshort	+0.0100%	4h	0.1202	+0.056%	$2.7M	$6.2M	20x
Gate STG_USDT	+0.0100%	4h	0.1199	−0.167%	$103K	$220K	25x	as long as short
MEXC STG_USDTlong	+0.0100%	8h	0.1201	long leg	$264K	$86K	20x
KuCoin STGUSDTM	+0.0100%	4h	0.1202	+0.083%	$779K	$162K	30x	as long as short
Bitget STGUSDT	+0.0100%	4h	0.1199	−0.167%	$449K	$1.4M	50x	as long as short
BingX STG-USDT	+0.0100%	4h	0.1199	−0.167%	—	$1.2M	—	as long as short
Variational Omni STG	+0.0100%	8h	0.1201	−0.024%	$27K	$103K	—	as long as short
Bybit STGUSDT	+0.0101%	8h	0.1201	+0.025%	$1.0M	$2.4M	25x	as long as short
Kraken Futures PF_STGUSD	+0.4316%	1h	0.1203	+0.175%	$9K	$10K	10x	as long as short