Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.165%

Price spread now: Extended against Variational Omni−0.081%7-day average +0.098% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.282%+$28 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.081%, 7d avg +0.098%

Together, before fees+0.201%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.179% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of +0.098%). If the spread goes back, that is −$18 on $10k: about 3.0 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STX	0.3450	−0.0098	get 0.0098% / 8h	1h 03m	$775K	$252K	—
Short	Extended STX-USD	0.3447	0.0104	get 0.0013% / 1h	3m 40s	$182K	$797K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.081%Rate

Funding earned: $42.47
Price spread: −0.081% → +0.098%: −$17.91
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $19.55
Costs to cover: 0.050%
Break-even: 3.8 days

Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Extended: live order book, 20 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 Variational Omni RFQ quote, 40 min ago	5.76 bp	doesn't fit	66.2 bp −$662	doesn't fit	doesn't fit
Sell Extended live order book, 20 min ago	3.15 bp	18.8 bp −$19	154.8 bp −$1,548	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	−0.1047%	1h	0.3448	−0.061%	$78K	$132K	20x	as long as short
Variational Omni STXlong	−0.0098%	8h	0.3450	long leg	$775K	$252K	—
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3446	−0.112%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+0.380%	$4K	$264K	12x	as long as short
BloFin STX-USDT	+0.0071%	8h	0.3445	−0.142%	$430K	$229K	20x	as long as short
Hyperliquid STX	+0.0100%	1h	0.3461	+0.328%	$1.5M	$877K	5x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3451	+0.024%	$129K	$71K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3450	+0.003%	$8.1M	$19.2M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3446	−0.104%	$8.9M	$7.0M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3449	−0.026%	$2.4M	$6.2M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STX_USDT	+0.0100%	8h	0.3446	−0.113%	$632K	$412K	50x	as long as short
MEXC STX_USDT	+0.0100%	8h	0.3450	+0.003%	$5.9M	$1.2M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3449	−0.026%	$2.4M	$1.1M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3453	+0.090%	$4.7M	$2.2M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3452	+0.061%	—	$13.5M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3442	−0.229%	$62K	$687K	50x	as long as short
Extended STX-USDshort	+0.0104%	1h	0.3447	−0.081%	$182K	$797K	10x
GMX STX/USD [WBTC.b-USDC]	L +0.0190% / S −0.0304%	1h	0.3448	−0.069%	$5K	—	100x	as long as short