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 +0.001%

Price spread now: Bybit against Gate+0.032%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1731.729% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.032%, 7d avg −0.019%

Together, before fees+0.014%+$1 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: Bybit is 0.051% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STX_USDT	0.3432	0.0100	pay 0.0100% / 8h	3h 09m	$616K	$381K	50x
Short	Bybit STXUSDT	0.3433	0.0100	get 0.0100% / 8h	3h 09m	$8.8M	$6.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.019%: $5.12
Slippage, 4 orders: −$146.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$167.75
Costs to cover: 1.729%
Break-even: never at this rate

Slippage from Gate: live order book, 41 min ago; Bybit: live order book, 3 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 Gate live order book, 41 min ago	5.78 bp	72.4 bp −$72	604.1 bp −$6,041	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.45 bp	20.8 bp −$21	57.3 bp −$573	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	−0.0649%	1h	0.3440	+0.225%	$71K	$111K	20x	as long as short
Variational Omni STX	−0.0187%	8h	0.3440	+0.229%	$790K	$235K	—	as long as short
gTrade (Gains Network) STX/USD	L −0.0002% / S +0.0003%	1h	0.3437	+0.150%	—	—	150x	as long as short
Injective STX/USDC PERP	+0.0033%	1h	0.3463	+0.903%	$4K	$264K	12x	as long as short
Aster STXUSDT	+0.0100%	8h	0.3439	+0.213%	$129K	$56K	10x	as long as short
Binance STXUSDT	+0.0100%	8h	0.3438	+0.181%	$7.9M	$18.0M	75x	as long as short
Bybit STXUSDTshort	+0.0100%	8h	0.3433	+0.032%	$8.8M	$6.4M	75x
OKX STX-USDT-SWAP	+0.0100%	8h	0.3439	+0.204%	$2.3M	$5.5M	20x	as long as short
Gate STX_USDTlong	+0.0100%	8h	0.3432	long leg	$616K	$381K	50x
MEXC STX_USDT	+0.0100%	8h	0.3439	+0.204%	$6.1M	$1.2M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin STXUSDTM	+0.0100%	8h	0.3439	+0.204%	$2.4M	$1.1M	50x	as long as short
Bitget STXUSDT	+0.0100%	8h	0.3438	+0.175%	$4.7M	$2.0M	50x	as long as short
BingX STX-USDT	+0.0100%	8h	0.3436	+0.117%	—	$13.5M	—	as long as short
ApeX Omni STXUSDT	+0.0100%	1h	0.3449	+0.495%	$61K	$691K	50x	as long as short
Extended STX-USD	+0.0104%	1h	0.3439	+0.205%	$181K	$609K	10x	as long as short
BloFin STX-USDT	+0.0117%	8h	0.3447	+0.437%	$419K	$220K	20x	as long as short
Hyperliquid STX	+0.0138%	1h	0.3442	+0.300%	$1.5M	$727K	5x	as long as short
GMX STX/USD [WBTC.b-USDC]	L +0.0190% / S −0.0304%	1h	0.3440	+0.226%	$5K	—	100x	as long as short