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

STX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0331%/8h= −36.2% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against BingX−0.319%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$720.716% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.056%+$6 on $10k
Price spread, last 3 days (all we have)+0.476%+$48 · spread now −0.319%, 7d avg +0.075%
Together, before fees+0.533%+$53 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.394% cheaper against BingX than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of +0.075%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.056%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.056% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX STX-USDT0.34440.0100pay 0.0100% / 8h2h 47m$15.8M
ShortApeX Omni STXUSDT0.3433−0.0231pay 0.0029% / 1h47m 11s$57K$677K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Funding earned
−$69.42
Price spread: −0.319% → +0.075%
−$39.42
Slippage, 4 orders
−$51.63
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$180.47
Costs to cover
0.716%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; ApeX Omni: live order book, 41 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 BingX live order book, 6 min ago5.81 bp16.9 bp −$1744.6 bp −$446312.8 bp −$31.3K493.7 bp −$246.8K
Sell ApeX Omni live order book, 41 min ago8.76 bp17.3 bp −$17119.0 bp −$1,190doesn't fitdoesn't fit

STX on 18 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
Kraken Futures PF_STXUSD−0.1353%1h0.3449+0.132%$77K$158K20xas long as short
Variational Omni STX−0.0638%8h0.3432−0.362%$820K$309Kas long as short
ApeX Omni STXUSDTshort−0.0231%1h0.3433−0.319%$57K$677K50x
gTrade (Gains Network) STX/USDL −0.0002% / S +0.0003%1h0.3449+0.141%150xas long as short
Injective STX/USDC PERP+0.0033%1h0.3349−2.758%$4K$111K12xas long as short
Aster STXUSDT+0.0100%8h0.3445+0.038%$129K$67K10xas long as short
Binance STXUSDT+0.0100%8h0.3446+0.051%$8.0M$20.2M75xas long as short
Bybit STXUSDT+0.0100%8h0.3443−0.029%$8.8M$7.5M75xas long as short
OKX STX-USDT-SWAP+0.0100%8h0.3445+0.029%$2.4M$6.7M20xas long as short
Gate STX_USDT+0.0100%8h0.3442−0.058%$607K$434K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC STX_USDT+0.0100%8h0.3446+0.058%$6.3M$1.5M50xas long as short
KuCoin STXUSDTM+0.0100%8h0.3445+0.029%$2.5M$1.8M50xas long as short
Bitget STXUSDT+0.0100%8h0.3441−0.087%$5.0M$1.9M50xas long as short
BingX STX-USDTlong+0.0100%8h0.3444long leg$15.8M
BloFin STX-USDT+0.0103%8h0.34440.000%$437K$245K20xas long as short
Extended STX-USD+0.0104%1h0.3447+0.095%$181K$585K10xas long as short
GMX STX/USD [WBTC.b-USDC]L +0.0191% / S −0.0313%1h0.3451+0.210%$5K100xas long as short
Hyperliquid STX+0.0359%1h0.3452+0.229%$1.5M$1.0M5xas long as short