STX arbitrage explained
Right now Stacks (STX) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.367 and the highest bid on OKX spot at $0.3676.
The widest STX perpetual spread is between Bybit and Hyperliquid: long STX on Bybit at $0.367 and short on Hyperliquid at $0.3674 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 +0.070% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best STX route is to buy spot on Gate and short the perpetual on Hyperliquid: -0.02% gross, -0.22% net, with +0.030% a day of funding on the short leg.
Spot–spot STX arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.03% 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 STX 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: STX funding rates · STX spread charts · Stacks price · arbitrage scanner for all coins.