STO arbitrage explained
Right now StakeStone (STO) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0403 and the highest bid on KuCoin perp at $0.0404.
The widest STO perpetual spread is between Binance and KuCoin: long STO on Binance at $0.0403 and short on KuCoin at $0.0404 for +0.20% gross, or +0.04% 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 +0.254% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best STO route is to buy spot on Gate and short the perpetual on KuCoin: +0.20% gross, -0.00% net, with +0.284% a day of funding on the short leg.
Spot–spot STO arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.05% 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 STO 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: STO funding rates · STO spread charts · StakeStone price · arbitrage scanner for all coins.