Funding arb · Price arb /

STX

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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 +0.006%

Price spread now: BingX against Bybit+0.020%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.024%+$2 · spread now +0.020%, 7d avg +0.053%

Together, before fees+0.057%+$6 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 0.033% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STXUSDT	0.3457	0.0100	pay 0.0100% / 8h	2h 56m	$8.8M	$7.6M	75x
Short	BingX STX-USDT	0.3458	0.0100	get 0.0100% / 8h	2h 56m	—	$15.8M	—

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

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.053%: −$3.31
Slippage, 4 orders: −$53.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$77.95
Costs to cover: 0.746%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 12 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 Bybit live order book, 2 min ago	2.88 bp	18.9 bp −$19	54.9 bp −$549	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	4.32 bp	19.2 bp −$19	52.5 bp −$525	343.5 bp −$34.4K	477.8 bp −$238.9K

STX on 18 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
Kraken Futures PF_STXUSD	−0.1345%	1h	0.3469	+0.343%	$78K	$163K	20x	as long as short
Variational Omni STX	−0.0647%	8h	0.3474	+0.470%	$826K	$321K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3473	+0.454%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3349	−3.133%	$4K	$111K	12x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3475	+0.499%	$130K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3465	+0.215%	$8.1M	$20.4M	75x	as long as short
Bybit STXUSDTlong	+0.0100%	8h	0.3457	long leg	$8.8M	$7.6M	75x
OKX STX-USDT-SWAP	+0.0100%	8h	0.3456	−0.038%	$2.5M	$6.7M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3463	+0.165%	$613K	$432K	50x	as long as short
MEXC STX_USDT	+0.0100%	8h	0.3466	+0.252%	$6.4M	$1.5M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin STXUSDTM	+0.0100%	8h	0.3461	+0.107%	$2.5M	$1.8M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3452	−0.153%	$5.0M	$1.9M	50x	as long as short
BingX STX-USDTshort	+0.0100%	8h	0.3458	+0.020%	—	$15.8M	—
ApeX Omni STXUSDT	+0.0100%	1h	0.3487	+0.859%	$58K	$677K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3457	−0.010%	$182K	$585K	10x	as long as short
BloFin STX-USDT	+0.0110%	8h	0.3472	+0.425%	$439K	$250K	20x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0313%	1h	0.3475	+0.517%	$5K	—	100x	as long as short
Hyperliquid STX	+0.0197%	1h	0.3473	+0.460%	$1.5M	$1.0M	5x	as long as short