SXT arbitrage explained
Right now Space and Time (SXT) trades on 8 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.008928 and the highest bid on Bybit spot at $0.008937.
The widest SXT perpetual spread is between Bybit and Binance: long SXT on Bybit at $0.008928 and short on Binance at $0.008936 for +0.09% gross, or -0.07% 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 +0.016% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best SXT route is to buy spot on Bybit and short the perpetual on Binance: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.
Spot–spot SXT arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) 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 SXT 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: SXT funding rates · SXT spread charts · Space and Time price · arbitrage scanner for all coins.