Settings8H · net · $10k
Funding arb · Price arb /

STG

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.003%
Price spread now: MEXC against BingX+0.082%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$830.827% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 7 days−0.071%−$7 · spread now +0.082%, 7d avg +0.021%
Together, before fees−0.107%−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and MEXC is 0.061% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX STG-USDT0.12170.0174pay 0.0087% / 4h1h 04m$1.2M
ShortMEXC STG_USDT0.12180.0184get 0.0184% / 8h1h 04m$268K$87K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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

Funding earned
$2.1
Price spread: +0.082% → +0.021%
$6.14
Slippage, 4 orders
−$68.74
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$74.5
Costs to cover
0.827%
Break-even
255.3 days
Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 68 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago12.29 bp25.3 bp −$2561.3 bp −$613218.8 bp −$21.9K235.0 bp −$117.5K
Sell MEXC live order book, 68 min ago8.28 bp17.6 bp −$18155.7 bp −$1,557393.9 bp −$39.4K714.9 bp −$357.4K

STG on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster STGUSDT+0.0100%4h0.1216−0.046%$16K$55K5xas long as short
Binance STGUSDT+0.0100%4h0.12170.000%$2.7M$6.0M20xas long as short
Gate STG_USDT+0.0100%4h0.1214−0.247%$105K$214K25xas long as short
KuCoin STGUSDTM+0.0100%4h0.1216−0.082%$767K$162K30xas long as short
Bitget STGUSDT+0.0100%4h0.1215−0.164%$452K$1.4M50xas long as short
Variational Omni STG+0.0100%8h0.1222+0.418%$27K$90Kas long as short
BingX STG-USDTlong+0.0174%4h0.1217long leg$1.2M
MEXC STG_USDTshort+0.0184%8h0.1218+0.082%$268K$87K20x
Bybit STGUSDT+0.0187%8h0.12170.000%$1.0M$2.3M25xas long as short
Kraken Futures PF_STGUSD+0.1631%1h0.1220+0.238%$9K$10K10xas long as short