Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: KuCoin against Bybit+0.083%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1411.412% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.083%, 7d avg +0.051%

Together, before fees−0.140%−$14 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: KuCoin is 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STXUSDT	0.3476	0.0100	pay 0.0100% / 8h	1h 54m	$9.0M	$6.7M	75x
Short	KuCoin STXUSDTM	0.3479	0.0100	get 0.0100% / 8h	1h 54m	$2.4M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.051%: $3.29
Slippage, 4 orders: −$118.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$137.91
Costs to cover: 1.412%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: 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 Bybit live order book, 4 min ago	2.86 bp	19.4 bp −$19	55.6 bp −$556	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.31 bp	56.9 bp −$57	100.4 bp −$1,004	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	−0.1039%	1h	0.3474	−0.068%	$80K	$126K	20x	as long as short
Variational Omni STX	−0.0132%	8h	0.3475	−0.020%	$797K	$237K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3468	−0.224%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	−0.377%	$4K	$264K	12x	as long as short
BloFin STX-USDT	+0.0083%	8h	0.3471	−0.147%	$428K	$228K	20x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3477	+0.034%	$130K	$68K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3480	+0.112%	$8.2M	$18.8M	75x	as long as short
Bybit STXUSDTlong	+0.0100%	8h	0.3476	long leg	$9.0M	$6.7M	75x
OKX STX-USDT-SWAP	+0.0100%	8h	0.3480	+0.112%	$2.4M	$6.0M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3474	−0.060%	$635K	$408K	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	+0.055%	$6.0M	$1.2M	50x	as long as short
KuCoin STXUSDTMshort	+0.0100%	8h	0.3479	+0.083%	$2.4M	$1.1M	50x
Bitget STXUSDT	+0.0100%	8h	0.3478	+0.055%	$4.8M	$2.1M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3478	+0.055%	—	$13.7M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3490	+0.400%	$63K	$686K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3478	+0.055%	$183K	$1.1M	10x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0304%	1h	0.3471	−0.135%	$5K	—	100x	as long as short
Hyperliquid STX	+0.0274%	1h	0.3480	+0.112%	$1.5M	$812K	5x	as long as short