Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

STX

RWAAll STX markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BingXNCSKSTX2USD-USDT
922.29+0.0050pay 0.0050% / 8h7h 17m$945K$1.6M—Long BingX
SHORT
Paragonpara:STX
922.00+0.1178get 0.0147% / 1h17m 08s$243K$9K10xShort Paragon
Price gap−0.031%
Funding gap+0.1128% /8h

Funding pays +$34 a day on $10k, but the gap is 0.073% under its 7d average: −$7 if it goes back, about 5 hours of funding. At the last 7 days' pace that is about 32 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$38+0.1128% /8h now · paid +0.382% over the last 7D
Price−$7spread −0.031% now, avg +0.042% → −0.073% if it goes back
Costs−$620.617% of $10k · taker + slippage, in and out
Result−$31−0.31%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.382% in total, about +0.0182%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.031%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

STX on 4 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size9.6 / 37.7 bp
    At $10k entering Paragon costs 37.7 bp, fee and slippage, 3.9× BingX’s.
  • Note: Margin at max leverage— + $1,000
    BingX —, Paragon 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$33.85Long BingX: 3 payments, −$1.50; short Paragon: 24 payments, +$35.35.
  • Watch: Gap narrower than usual−0.031% vs +0.042%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$243K vs $945K OI
    Paragon sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBingX Yes · Paragon No
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0182%/8h × 21 periods+$38.23
Price spread−0.031% → +0.042% (7d avg)−$7.32
Slippage, 4 orderslive order books−$49.86
Fee BingX bp × 2 orders−$10.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k−$30.74
Costs to cover0.617%Break-even12.6 days
Slippage: BingX: live order book, 16 min ago; Paragon: live order book, 55 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBingX0.059.6 bp−$1019.1 bp−$191163.4 bp−$16.3K726.3 bp−$363.1K
SELL · SHORTParagon5.6837.7 bp−$38101.6 bp−$1,016doesn’t fitdoesn’t fit

Closing costs about the same again.

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