Funding arb · Price arb /

STX

all STX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.025%

Price spread now: Bybit against gTrade (Gains Network)−0.262%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 Bybit

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. Bybit is 0.262% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.262% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 8.5 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	0.3450	L −0.0002% / S +0.0003%	get 0.0000% / 1h	26m 56s	—	—	150x
Short	Bybit STXUSDT	0.3441	0.0100	get 0.0100% / 8h	3h 26m	$8.8M	$6.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.262%Rate

Funding earned: $21.46
Price spread: −0.262% → 0.000%: −$26.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.71
Costs to cover: 0.210%
Break-even: 15.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: 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 Bybit live order book, 1 min ago	2.90 bp	19.0 bp −$19	57.4 bp −$574	doesn't fit	doesn't fit

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	−0.0649%	1h	0.3444	−0.174%	$71K	$113K	20x	as long as short
Variational Omni STX	−0.0208%	8h	0.3454	+0.112%	$792K	$235K	—	as long as short
gTrade (Gains Network) STX/USDlong	L −0.0002% / S +0.0003%	1h	0.3450	long leg	—	—	150x
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+0.376%	$4K	$264K	12x	as long as short
BloFin STX-USDT	+0.0083%	8h	0.3455	+0.144%	$417K	$221K	20x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3447	−0.079%	$129K	$55K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3445	−0.146%	$7.9M	$17.9M	75x	as long as short
Bybit STXUSDTshort	+0.0100%	8h	0.3441	−0.262%	$8.8M	$6.4M	75x
OKX STX-USDT-SWAP	+0.0100%	8h	0.3444	−0.175%	$2.3M	$5.5M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3446	−0.117%	$618K	$377K	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	0.3445	−0.146%	$6.1M	$1.2M	50x	as long as short
KuCoin STXUSDTM	+0.0100%	8h	0.3447	−0.088%	$2.4M	$1.1M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3447	−0.088%	$4.7M	$1.9M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3446	−0.117%	—	$13.5M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3455	+0.144%	$61K	$692K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3443	−0.199%	$182K	$609K	10x	as long as short
Hyperliquid STX	+0.0158%	1h	0.3450	+0.011%	$1.5M	$727K	5x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0304%	1h	0.3450	+0.008%	$5K	—	100x	as long as short