STONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3676%/8h= −402.5% APRnext payment −$18.38 per $10,000 · paid last 24h −0.428%

Price spread now: Bitget against BingX+0.003%7-day average −0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1971.972% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.385%−$138 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.003%, 7d avg −0.111%

Together, before fees−1.447%−$145 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.114% dearer against BingX than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.111%): +$11 on $10k if it goes back. Holding the pair costs −$110 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 4 days (−1.385% in total) that is about 8 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -1.385% in total (about -130.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$18.38 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	BingX STONK-USDT	0.3335	0.3776	pay 0.1888% / 4h	2h 40m	—	$918K	—
Short	Bitget STONKUSDT	0.3335	0.0100	get 0.0050% / 4h	2h 40m	$386K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$771.96
Price spread: +0.003% → −0.111%: $11.43
Slippage, 4 orders: −$175.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$957.75
Costs to cover: 1.972%
Break-even: never at this rate

Slippage from BingX: live order book, 49 min ago; Bitget: live order book, 2 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 BingX live order book, 49 min ago	13.29 bp	64.5 bp −$65	330.2 bp −$3,302	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	13.61 bp	33.2 bp −$33	doesn't fit	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
Lighter STONK	+0.0032%	1h	0.3349	+0.420%	$337K	$514K	5x	as long as short
Bitget STONKUSDTshort	+0.0100%	4h	0.3335	+0.003%	$386K	$2.2M	10x
Phoenix STONK	+0.1073%	1h	0.3336	+0.024%	$203K	$129K	3x	as long as short
Bybit STONKUSDT	+0.1218%	4h	0.3341	+0.180%	$1.5M	$6.5M	5x	as long as short
BloFin STONK-USDT	+0.1733%	4h	0.3346	+0.330%	$91K	$196K	5x	as long as short
MEXC STONK_USDT	+0.2842%	4h	0.3344	+0.279%	$701K	$1.0M	20x	as long as short
BingX STONK-USDTlong	+0.3776%	4h	0.3335	long leg	—	$918K	—
Gate STONK_USDT	+0.3886%	4h	0.3349	+0.417%	$932K	$2.1M	10x	as long as short
Aster STONKUSDT	+0.4959%	1h	0.3341	+0.180%	$486K	$1.1M	10x	as long as short