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

STX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0608%/8h= −66.5% APRnext payment $0.76 per $10,000 · paid last 24h −0.244%
Price spread now: Kraken Futures against Extended+0.104%57s7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1051.053% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.317%+$32 on $10k
Price spread, last 4 days (all we have)+0.368%+$37 · spread now +0.104%, 7d avg +0.156%
Together, before fees+0.685%+ Points / potential airdropExtended: Active · farm board+$68 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Kraken Futures is 0.052% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.156%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.317%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.317% in total (about 16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended STX-USD0.34550.0104pay 0.0013% / 1h36m 26s$182K$795K10x
ShortKraken Futures PF_STXUSD0.3459−0.0504pay 0.0063% / 1h36m 26s$78K$133K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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
−$127.62
Price spread: +0.104% → +0.156%
−$5.21
Slippage, 4 orders
−$90.31
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$238.14
Costs to cover
1.053%
Break-even
never at this rate
Slippage from Extended: live order book, 47 min ago; Kraken Futures: live order book, 1 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 Extended live order book, 47 min ago3.15 bp16.6 bp −$17110.3 bp −$1,103doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago9.95 bp51.9 bp −$52doesn't fitdoesn't fitdoesn't fit

STX on 18 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
Kraken Futures PF_STXUSDshort−0.0504%1h0.3459+0.104%$78K$133K20x
Variational Omni STX−0.0073%8h0.3458+0.083%$777K$244Kas long as short
gTrade (Gains Network) STX/USDL −0.0002% / S +0.0003%1h0.3456+0.017%150xas long as short
Injective STX/USDC PERP+0.0033%1h0.3463+0.218%$4K$264K12xas long as short
BloFin STX-USDT+0.0084%8h0.3462+0.189%$431K$230K20xas long as short
Hyperliquid STX+0.0100%1h0.3461+0.146%$1.5M$885K5xas long as short
Aster STXUSDT+0.0100%8h0.3456+0.030%$129K$72K10xas long as short
Binance STXUSDT+0.0100%8h0.3456+0.030%$8.2M$19.4M75xas long as short
Bybit STXUSDT+0.0100%8h0.3451−0.121%$9.0M$7.1M75xas long as short
OKX STX-USDT-SWAP+0.0100%8h0.3454−0.042%$2.4M$6.3M20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate STX_USDT+0.0100%8h0.3457+0.044%$632K$413K50xas long as short
MEXC STX_USDT+0.0100%8h0.3456+0.015%$5.9M$1.2M50xas long as short
KuCoin STXUSDTM+0.0100%8h0.3456+0.015%$2.4M$1.1M50xas long as short
Bitget STXUSDT+0.0100%8h0.3454−0.042%$4.7M$2.2M50xas long as short
BingX STX-USDT+0.0100%8h0.3454−0.042%$13.5Mas long as short
ApeX Omni STXUSDT+0.0100%1h0.3464+0.247%$63K$688K50xas long as short
Extended STX-USDlong+0.0104%1h0.3455long leg$182K$795K10x
GMX STX/USD [WBTC.b-USDC]L +0.0191% / S −0.0304%1h0.3459+0.100%$5K100xas long as short