Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.031%

Price spread now: BingX against gTrade (Gains Network)−0.077%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.077% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) STX/USD	0.3431	L −0.0002% / S +0.0003%	get 0.0000% / 1h	2m 21s	—	—	150x
Short	BingX STX-USDT	0.3428	0.0100	get 0.0100% / 8h	2h 02m	—	$15.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $21.46
Price spread: −0.077% → 0.000%: −$7.7
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.24
Costs to cover: 0.200%
Break-even: 9.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 6 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	5.84 bp	25.1 bp −$25	55.7 bp −$557	337.1 bp −$33.7K	502.0 bp −$251.0K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1361%	1h	0.3427	−0.104%	$76K	$159K	20x	as long as short
Variational Omni STX	−0.0523%	8h	0.3419	−0.344%	$812K	$306K	—	as long as short
gTrade (Gains Network) STX/USDlong	L −0.0002% / S +0.0003%	1h	0.3431	long leg	—	—	150x
Injective STX/USDC PERP	+0.0033%	1h	0.3427	−0.106%	$4K	$227K	12x	as long as short
BloFin STX-USDT	+0.0081%	8h	0.3434	+0.098%	$430K	$238K	20x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3427	−0.101%	$128K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3429	−0.045%	$8.0M	$20.2M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3424	−0.185%	$8.7M	$7.6M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3430	−0.019%	$2.4M	$6.7M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3426	−0.135%	$600K	$444K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC STX_USDT	+0.0100%	8h	0.3429	−0.048%	$6.3M	$1.5M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3428	−0.077%	$2.4M	$1.8M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3425	−0.164%	$4.9M	$1.9M	50x	as long as short
BingX STX-USDTshort	+0.0100%	8h	0.3428	−0.077%	—	$15.8M	—
ApeX Omni STXUSDT	+0.0100%	1h	0.3429	−0.048%	$57K	$684K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3429	−0.050%	$181K	$585K	10x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0313%	1h	0.3432	+0.033%	$5K	—	100x	as long as short
Hyperliquid STX	+0.0209%	1h	0.3435	+0.124%	$1.5M	$1.0M	5x	as long as short