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 perp at $0.0405 and the highest bid on Bybit perp at $0.0406.
The widest STO perpetual spread is between Gate and Bybit: long STO on Gate at $0.0405 and short on Bybit at $0.0406 for +0.12% 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 0.000% 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 Bitget and short the perpetual on Bybit: +0.10% gross, -0.10% net, with +0.030% a day of funding on the short leg.
Spot–spot STO arbitrage (buy on Bitget, withdraw, deposit and sell on Binance) shows -0.07% 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.