STONK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.4034%/8h= −441.8% APRnext payment −$5.04 per $10,000 · paid last 24h −0.048%

Price spread now: Phoenix against Aster+0.045%75s7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$533as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4774.769% of the position

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.557%−$56 on $10k

Price spread, last 3 days (all we have)−0.299%−$30 · spread now +0.045%, 7d avg −0.063%

Together, before fees−0.856%+ Points / potential airdropAster: Stage 5 · farm board−$86 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.108% dearer against Aster than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.063%): +$11 on $10k if it goes back. Holding the pair costs −$121 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.557% in total) that is about 33 hours. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.557% in total (about -29.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster STONKUSDT	0.3594	0.5381	pay 0.0673% / 1h	32m 11s	$483K	$1.1M	10x
Short	Phoenix STONK	0.3596	0.1347	get 0.0168% / 1h	32m 11s	$193K	$238K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PhoenixbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$847.21
Price spread: +0.045% → −0.063%: $10.78
Slippage, 4 orders: −$461.91
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1,313.34
Costs to cover: 4.769%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Phoenix: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 1 min ago	15.28 bp	123.7 bp −$124	3302.9 bp −$33.0K	doesn't fit	doesn't fit
Sell Phoenix live order book, 41 min ago	9.81 bp	147.9 bp −$148	324.1 bp −$3,241	doesn't fit	doesn't fit

STONK on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STONKUSDT	+0.0446%	4h	0.3593	−0.022%	$314K	$2.8M	10x	as long as short
MEXC STONK_USDT	+0.0454%	4h	0.3590	−0.100%	$821K	$1.1M	20x	as long as short
Phoenix STONKshort	+0.1347%	1h	0.3596	+0.045%	$193K	$238K	3x
Gate STONK_USDT	+0.2028%	4h	0.3599	+0.134%	$872K	$1.7M	10x	as long as short
Bybit STONKUSDT	+0.2414%	4h	0.3582	−0.334%	$1.5M	$7.0M	5x	as long as short
BloFin STONK-USDT	+0.3092%	4h	0.3586	−0.223%	$89K	$233K	5x	as long as short
BingX STONK-USDT	+0.4486%	4h	0.3580	−0.390%	—	$945K	—	as long as short
Aster STONKUSDTlong	+0.5381%	1h	0.3594	long leg	$483K	$1.1M	10x
Lighter STONK	+0.7272%	1h	0.3604	+0.267%	$422K	$603K	5x	as long as short