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

STG

all STG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0850%/8h= −93.1% APRpaid last 24h −0.039%
Price spread now: Bitget against Bybit−0.049%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1951.952% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 7 days+0.039%+$4 · spread now −0.049%, 7d avg −0.061%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit STGUSDT0.12340.0950pay 0.0950% / 8h7h 07m$1.1M$2.3M25x
ShortBitget STGUSDT0.12330.0100get 0.0050% / 4h3h 07m$445K$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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
−$178.51
Price spread: −0.049% → −0.061%
$1.29
Slippage, 4 orders
−$172.23
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$372.46
Costs to cover
1.952%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 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 Bybit live order book, 5 min ago6.47 bp59.3 bp −$59562.2 bp −$5,622doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago8.11 bp31.6 bp −$32284.3 bp −$2,843doesn't fitdoesn't fit

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
Binance STGUSDT+0.0100%4h0.1232−0.113%$2.7M$5.9M20xas long as short
Gate STG_USDT+0.0100%4h0.1234+0.032%$106K$176K25xas long as short
KuCoin STGUSDTM+0.0100%4h0.1233−0.049%$766K$181K30xas long as short
Bitget STGUSDTshort+0.0100%4h0.1233−0.049%$445K$1.5M50x
Variational Omni STG+0.0408%8h0.1234+0.069%$28K$90Kas long as short
Aster STGUSDT+0.0543%4h0.1234+0.043%$15K$54K5xas long as short
Bybit STGUSDTlong+0.0950%8h0.1234long leg$1.1M$2.3M25x
MEXC STG_USDT+0.0998%8h0.1235+0.113%$272K$87K20xas long as short
BingX STG-USDT+0.1022%4h0.1234+0.032%$1.2Mas long as short
Kraken Futures PF_STGUSD+0.1386%1h0.1239+0.427%$9K$10K10xas long as short