Funding you earn now, next payment 03:00 UTC+0.0936%/8h= +102.5% APRpaid last 24h −0.717%
Price spread now: Phoenix against BingX+0.863%7-day average −0.222% · you sell dearer than you buy
Net, funding: paid 7d − costs−$448as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$3803.800% of the position
Funding, last 7 days−0.676%−$68 on $10k
+Price spread, last 4 days (all we have)−1.368%−$137 · spread now +0.863%, 7d avg −0.222%
=Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Phoenix is 1.085% dearer against BingX than usual: you sell high and buy low: +$108 more if the spread goes back to its 7-day average of −0.222%. Mind the row above: over the last 7 days funding on this pair cost −0.676%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STONK-USDT | 0.3407 | 0.0100 | pay 0.0050% / 4h | 3m 28s | — | $917K | — |
| Short | Phoenix STONK | 0.3436 | 0.1036 | get 0.0130% / 1h | 3m 28s | $203K | $259K | 3x |
BingX STONK-USDT
Phoenix STONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $196.6
- Price spread: +0.863% → −0.222%
- $108.47
- Slippage, 4 orders
- −$363.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$74.94
- Costs to cover
- 3.800%
- Break-even
- 9.7 days
Slippage from BingX: live order book, 41 min ago; Phoenix: live order book, 49 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, 41 min ago | 15.08 bp | 57.7 bp −$58 | 286.5 bp −$2,865 | 1460.6 bp −$146.1K | doesn't fit |
| Sell Phoenix live order book, 49 min ago | 47.51 bp | 120.9 bp −$121 | 294.9 bp −$2,949 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC STONK_USDT | −0.0810% | 4h | 0.3409 | +0.050% | $741K | $1.0M | 20x | as long as short |
| Lighter STONK | +0.0032% | 1h | 0.3415 | +0.238% | $361K | $486K | 5x | as long as short |
| Bybit STONKUSDT | +0.0100% | 4h | 0.3406 | −0.029% | $1.5M | $6.4M | 5x | as long as short |
| Bitget STONKUSDT | +0.0100% | 4h | 0.3407 | −0.009% | $397K | $2.2M | 10x | as long as short |
| BingX STONK-USDTlong | +0.0100% | 4h | 0.3407 | long leg | — | $917K | — | |
| BloFin STONK-USDT | +0.0353% | 4h | 0.3429 | +0.646% | $91K | $210K | 5x | as long as short |
| Gate STONK_USDT | +0.0846% | 4h | 0.3409 | +0.065% | $855K | $1.9M | 10x | as long as short |
| Phoenix STONKshort | +0.1036% | 1h | 0.3436 | +0.863% | $203K | $259K | 3x | |
| Aster STONKUSDT | +0.1785% | 1h | 0.3416 | +0.258% | $489K | $1.0M | 10x | as long as short |
MEXC STONK_USDT
Lighter STONK
Bybit STONKUSDT
Bitget STONKUSDT
BloFin STONK-USDT
Gate STONK_USDT
Aster STONKUSDT