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 Bitget+0.145%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.145%, 7d avg −0.049%

Together, before fees−0.238%−$24 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 0.194% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STXUSDT	0.3446	0.0100	pay 0.0100% / 8h	1h 33m	$5.0M	$1.8M	50x
Short	Bybit STXUSDT	0.3451	0.0100	get 0.0100% / 8h	1h 33m	$8.8M	$7.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → −0.049%: $19.38
Slippage, 4 orders: −$48.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$52.46
Costs to cover: 0.718%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 5 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 Bitget live order book, 5 min ago	2.89 bp	16.4 bp −$16	35.4 bp −$354	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.89 bp	20.1 bp −$20	46.0 bp −$460	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	−0.0727%	1h	0.3452	+0.165%	$76K	$159K	20x	as long as short
Variational Omni STX	−0.0484%	8h	0.3452	+0.177%	$820K	$306K	—	as long as short
Injective STX/USDC PERP	−0.0090%	1h	0.3463	+0.493%	$4K	$264K	12x	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3453	+0.189%	—	—	150x	as long as short
Hyperliquid STX	+0.0100%	1h	0.3457	+0.308%	$1.5M	$1.0M	5x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3452	+0.170%	$129K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3452	+0.174%	$8.1M	$19.9M	75x	as long as short
Bybit STXUSDTshort	+0.0100%	8h	0.3451	+0.145%	$8.8M	$7.4M	75x
OKX STX-USDT-SWAP	+0.0100%	8h	0.3452	+0.174%	$2.4M	$6.6M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3445	−0.029%	$602K	$443K	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	0.3452	+0.174%	$6.3M	$1.4M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3447	+0.029%	$2.5M	$1.7M	50x	as long as short
Bitget STXUSDTlong	+0.0100%	8h	0.3446	long leg	$5.0M	$1.8M	50x
BingX STX-USDT	+0.0100%	8h	0.3451	+0.145%	—	$15.7M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3456	+0.290%	$58K	$678K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3451	+0.151%	$184K	$588K	10x	as long as short
BloFin STX-USDT	+0.0108%	8h	0.3449	+0.087%	$431K	$236K	20x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0313%	1h	0.3458	+0.334%	$5K	—	100x	as long as short