Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.031%

Price spread now: BingX against gTrade (Gains Network)−0.091%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.091% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) STX/USD	0.3481	L −0.0002% / S +0.0003%	get 0.0000% / 1h	16m 55s	—	—	150x
Short	BingX STX-USDT	0.3478	0.0100	get 0.0100% / 8h	16m 55s	—	$13.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $21.46
Price spread: −0.091% → 0.000%: −$9.08
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$7.62
Costs to cover: 0.200%
Break-even: 9.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 1 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 1 min ago	4.31 bp	21.2 bp −$21	51.7 bp −$517	371.1 bp −$37.1K	491.4 bp −$245.7K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0501%	1h	0.3475	−0.187%	$80K	$132K	20x	as long as short
Variational Omni STX	−0.0063%	8h	0.3451	−0.869%	$775K	$244K	—	as long as short
gTrade (Gains Network) STX/USDlong	L −0.0002% / S +0.0003%	1h	0.3481	long leg	—	—	150x
Injective STX/USDC PERP	+0.0033%	1h	0.3463	−0.522%	$4K	$264K	12x	as long as short
Hyperliquid STX	+0.0100%	1h	0.3481	−0.010%	$1.5M	$879K	5x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3477	−0.112%	$130K	$58K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3479	−0.072%	$8.3M	$19.2M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3474	−0.194%	$9.1M	$7.0M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3477	−0.120%	$2.4M	$6.3M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3475	−0.177%	$636K	$415K	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	0.3478	−0.091%	$5.9M	$1.2M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3480	−0.033%	$2.4M	$1.1M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3477	−0.120%	$4.8M	$2.2M	50x	as long as short
BingX STX-USDTshort	+0.0100%	8h	0.3478	−0.091%	—	$13.5M	—
ApeX Omni STXUSDT	+0.0100%	1h	0.3479	−0.062%	$63K	$689K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3476	−0.152%	$183K	$797K	10x	as long as short
BloFin STX-USDT	+0.0124%	8h	0.3484	+0.082%	$434K	$232K	20x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0304%	1h	0.3481	+0.008%	$5K	—	100x	as long as short