Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Binance against Bybit+0.151%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.151%, 7d avg +0.097%

Together, before fees−0.112%−$11 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: Binance is 0.054% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STXUSDT	0.3454	0.0100	pay 0.0100% / 8h	7h 03m	$9.0M	$7.0M	75x
Short	Binance STXUSDT	0.3460	0.0100	get 0.0100% / 8h	7h 03m	$8.3M	$18.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.097%: $5.37
Slippage, 4 orders: −$49.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.59
Costs to cover: 0.710%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 8 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 Bybit live order book, 5 min ago	1.44 bp	19.4 bp −$19	55.7 bp −$557	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.44 bp	16.3 bp −$16	48.1 bp −$481	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	−0.1040%	1h	0.3463	+0.253%	$80K	$129K	20x	as long as short
Variational Omni STX	−0.0053%	8h	0.3459	+0.146%	$775K	$247K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3460	+0.162%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+0.249%	$4K	$264K	12x	as long as short
BloFin STX-USDT	+0.0083%	8h	0.3458	+0.104%	$431K	$225K	20x	as long as short
Hyperliquid STX	+0.0100%	1h	0.3464	+0.278%	$1.5M	$895K	5x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3459	+0.144%	$129K	$59K	10x	as long as short
Binance STXUSDTshort	+0.0100%	8h	0.3460	+0.151%	$8.3M	$18.9M	75x
Bybit STXUSDTlong	+0.0100%	8h	0.3454	long leg	$9.0M	$7.0M	75x
OKX STX-USDT-SWAP	+0.0100%	8h	0.3458	+0.104%	$2.4M	$6.3M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STX_USDT	+0.0100%	8h	0.3457	+0.075%	$634K	$381K	50x	as long as short
MEXC STX_USDT	+0.0100%	8h	0.3460	+0.162%	$5.8M	$1.2M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3461	+0.191%	$2.4M	$1.1M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3458	+0.104%	$4.7M	$2.2M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3459	+0.133%	—	$15.9M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3464	+0.278%	$63K	$687K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3458	+0.107%	$182K	$798K	10x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0318%	1h	0.3459	+0.136%	$5K	—	100x	as long as short