STG arbitrage explained
Right now Stargate Finance (STG) trades on 5 venues we scan: 3 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Bitget spot at $0.1869 and the highest bid on Bybit perp at $0.1885.
The widest STG perpetual spread is between KuCoin and Bybit: long STG on KuCoin at $0.1877 and short on Bybit at $0.1885 for +0.45% gross, or +0.29% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -3.045% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best STG route is to buy spot on Bitget and short the perpetual on Bybit: +0.88% gross, +0.68% net, with -0.016% a day of funding on the short leg.
Spot–spot STG arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) shows +0.70% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small STG gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: STG funding rates · STG spread charts · Stargate Finance price · arbitrage scanner for all coins.