Funding arb · Price arb /

STX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.006%

Price spread now: KuCoin against gTrade (Gains Network)−0.095%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 KuCoin

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. KuCoin is 0.095% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 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	0.3477	L −0.0002% / S +0.0003%	get 0.0000% / 1h	43m 45s	—	—	150x
Short	KuCoin STXUSDTM	0.3474	0.0100	get 0.0100% / 8h	1h 43m	$2.4M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.095%Rate

Funding earned: $21.46
Price spread: −0.095% → 0.000%: −$9.49
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.03
Costs to cover: 0.220%
Break-even: 10.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	4.33 bp	51.3 bp −$51	136.1 bp −$1,361	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	−0.1039%	1h	0.3474	−0.086%	$80K	$126K	20x	as long as short
Variational Omni STX	−0.0121%	8h	0.3458	−0.544%	$778K	$252K	—	as long as short
gTrade (Gains Network) STX/USDlong	L −0.0002% / S +0.0003%	1h	0.3477	long leg	—	—	150x
Injective STX/USDC PERP	+0.0033%	1h	0.3463	−0.411%	$4K	$264K	12x	as long as short
BloFin STX-USDT	+0.0075%	8h	0.3478	+0.020%	$431K	$229K	20x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3470	−0.217%	$130K	$69K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3470	−0.219%	$8.2M	$18.8M	75x	as long as short
Bybit STXUSDT	+0.0100%	8h	0.3468	−0.262%	$9.0M	$6.8M	75x	as long as short
OKX STX-USDT-SWAP	+0.0100%	8h	0.3468	−0.267%	$2.4M	$6.0M	20x	as long as short
Gate STX_USDT	+0.0100%	8h	0.3473	−0.124%	$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	0.3470	−0.210%	$6.0M	$1.2M	50x	as long as short
KuCoin STXUSDTMshort	+0.0100%	8h	0.3474	−0.095%	$2.4M	$1.1M	50x
Bitget STXUSDT	+0.0100%	8h	0.3470	−0.210%	$4.7M	$2.1M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3468	−0.267%	—	$13.7M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3462	−0.440%	$63K	$688K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3471	−0.172%	$183K	$1.1M	10x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0191% / S −0.0304%	1h	0.3478	+0.006%	$5K	—	100x	as long as short
Hyperliquid STX	+0.0215%	1h	0.3474	−0.106%	$1.5M	$814K	5x	as long as short