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 +0.007%

Price spread now: MEXC against Gate+0.029%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1321.315% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.029%, 7d avg +0.069%

Together, before fees+0.001%$0 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: MEXC is 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STX_USDT	0.3427	0.0100	pay 0.0100% / 8h	2h 05m	$601K	$443K	50x
Short	MEXC STX_USDT	0.3428	0.0100	get 0.0100% / 8h	2h 05m	$6.3M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → +0.069%: −$3.94
Slippage, 4 orders: −$112.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$135.45
Costs to cover: 1.315%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; MEXC: live order book, 2 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 Gate live order book, 16 min ago	7.32 bp	72.8 bp −$73	306.0 bp −$3,060	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.46 bp	9.5 bp −$9	33.9 bp −$339	137.8 bp −$13.8K	168.7 bp −$84.4K

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	−0.1363%	1h	0.3422	−0.134%	$76K	$159K	20x	as long as short
Variational Omni STX	−0.0523%	8h	0.3419	−0.238%	$812K	$306K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3429	+0.047%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3427	0.000%	$4K	$227K	12x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3427	+0.009%	$128K	$67K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3429	+0.058%	$8.0M	$20.2M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3423	−0.111%	$8.7M	$7.6M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3426	−0.029%	$2.4M	$6.7M	20x	as long as short
Gate STX_USDTlong	+0.0100%	8h	0.3427	long leg	$601K	$443K	50x
MEXC STX_USDTshort	+0.0100%	8h	0.3428	+0.029%	$6.3M	$1.5M	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin STXUSDTM	+0.0100%	8h	0.3425	−0.058%	$2.4M	$1.8M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3424	−0.088%	$4.9M	$1.9M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3426	−0.029%	—	$15.8M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3435	+0.233%	$57K	$684K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3428	+0.020%	$181K	$585K	10x	as long as short
BloFin STX-USDT	+0.0110%	8h	0.3429	+0.058%	$431K	$238K	20x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0313%	1h	0.3432	+0.140%	$5K	—	100x	as long as short
Hyperliquid STX	+0.0225%	1h	0.3434	+0.196%	$1.5M	$1.0M	5x	as long as short