STXX Funding Rate — live across 2 venues

Perpetual funding · compared across 2 venues · net of estimated fees · updated every few minutes

Live annualized STXX perpetual funding across all 2 venues Perpia tracks. Right now STXX funding is positive on 0 and negative on 1, ranging from +0.0% on Bybit to -5.5% on Variational — a spread of 5.5%. The widest delta-neutral trade is long Variational / short Bybit at 0.9% net APR.

2venues

0paying positive

5.5%funding spread

Best STXX spread now

0.9%

net APR after fees

LongVariational↗→ShortBybit↗

size depends on live venue depth — see the real cap in the scanner

STXX funding trend & liquidity

169h of history

5.5%current gross APR

-6.8%24h average

-2.7%7-day average

$61Kpair OI · lower leg

$72K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

STXX · Variational → Bybit — no history

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Build a route

any two of the 2 venues

Long (pays you)every 8hShort (you collect)every 8h

Gross spread+5.5%+$1.51 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 2 venues

Venue	Funding APR ↓	Interval	Use as
Bybit↗short	+0.0%	every 8h
Variational↗long	−5.5%	every 8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Variational vs Bybit page. 1 pairs scanned for STXX.

STXX arbitrage — 30-day backtest

long Variational · short Bybit

-2.2%backtested APR

−$18historical net P&L on $10,000

0.44%max drawdown

$10,000$9,982

30 days agostarting capital $10,000today

Over the last 30 days, holding long Variational / short Bybit would have produced -2.2% APR — versus the 0.9% the live spread implies right now (equity $10,000 → $9,982). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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STXX — FAQ

Is STXX funding positive right now?

STXX perpetual funding is positive on 0 of 2 venues Perpia tracks and negative on 1. The highest is +0.0% on Bybit; the lowest is -5.5% on Variational.

What is the best STXX funding arbitrage right now?

Go long Variational and short Bybit for about 0.9% net APR after fees — the widest delta-neutral STXX spread Perpia currently sees.

Which exchange has the highest STXX funding rate?

Bybit, at +0.0% annualized. Funding shifts continuously, so check the live table above before trading.

How STXX funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to STXX

also quoted on both Bybit and Variational

The same two exchanges you would already have funded for the STXX trade. Every spread between them is on the Bybit vs Variational page.

Open the live scanner →All funding rates Funding by exchange How we calculate this