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: Bybit against OKX−0.145%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.145%, 7d avg −0.051%

Together, before fees+0.074%+$7 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: Bybit is 0.094% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STX-USDT-SWAP	0.3444	0.0100	pay 0.0100% / 8h	2h 53m	$2.4M	$6.7M	20x
Short	Bybit STXUSDT	0.3439	0.0100	get 0.0100% / 8h	2h 53m	$8.8M	$7.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.051%: −$9.39
Slippage, 4 orders: −$59.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$90.14
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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 OKX live order book, 4 min ago	1.44 bp	20.9 bp −$21	98.9 bp −$989	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.88 bp	19.3 bp −$19	48.3 bp −$483	doesn't fit	doesn't fit

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	−0.1355%	1h	0.3442	−0.058%	$77K	$158K	20x	as long as short
Variational Omni STX	−0.0643%	8h	0.3465	+0.624%	$826K	$321K	—	as long as short
ApeX Omni STXUSDT	−0.0586%	1h	0.3475	+0.900%	$58K	$678K	50x	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3446	+0.049%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3349	−2.758%	$4K	$111K	12x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3437	−0.203%	$129K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3447	+0.095%	$8.1M	$20.3M	75x	as long as short
Bybit STXUSDTshort	+0.0100%	8h	0.3439	−0.145%	$8.8M	$7.5M	75x
OKX STX-USDT-SWAPlong	+0.0100%	8h	0.3444	long leg	$2.4M	$6.7M	20x
Gate STX_USDT	+0.0100%	8h	0.3436	−0.232%	$606K	$433K	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	0.3446	+0.058%	$6.3M	$1.5M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3442	−0.058%	$2.5M	$1.8M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3443	−0.029%	$5.0M	$1.9M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3444	0.000%	—	$15.8M	—	as long as short
Extended STX-USD	+0.0104%	1h	0.3443	−0.017%	$181K	$585K	10x	as long as short
BloFin STX-USDT	+0.0123%	8h	0.3453	+0.261%	$436K	$247K	20x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0313%	1h	0.3448	+0.116%	$5K	—	100x	as long as short
Hyperliquid STX	+0.0287%	1h	0.3449	+0.160%	$1.5M	$1.0M	5x	as long as short