Funding you earn now, next payment 00:00 UTC+0.1641%/8h= +179.7% APRnext payment +$8.20 per $10,000 · paid last 24h −0.055%
Price spread now: Bybit against Bitget+0.273%7-day average −0.057% · 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−$163as in the Price arb table
costs, in and out, $10k−$1961.958% of the position
Funding, last 4 days (all we have)+0.332%+$33 on $10k
+Price spread, last 4 days (all we have)−1.311%−$131 · spread now +0.273%, 7d avg −0.057%
=Both sides work for this trade now. Funding pays +$49 a day on $10k at the current rate, and Bybit is 0.330% dearer against Bitget than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.057%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.332% in total (about 33.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.20 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 | Bitget STONKUSDT | 0.3628 | 0.0234 | pay 0.0117% / 4h | 59m 55s | $315K | $2.8M | 10x |
| Short | Bybit STONKUSDT | 0.3638 | 0.1875 | get 0.0937% / 4h | 59m 55s | $1.5M | $7.0M | 5x |
Bitget STONKUSDT
Bybit STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $344.59
- Price spread: +0.273% → −0.057%
- $32.96
- Slippage, 4 orders
- −$172.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $181.79
- Costs to cover
- 1.958%
- Break-even
- 3.3 days
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 3 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 Bitget live order book, 3 min ago | 13.22 bp | 50.2 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.12 bp | 50.4 bp −$50 | 212.5 bp −$2,125 | 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 STONKUSDTlong | +0.0234% | 4h | 0.3628 | long leg | $315K | $2.8M | 10x | |
| Gate STONK_USDT | +0.1470% | 4h | 0.3634 | +0.157% | $863K | $1.7M | 10x | as long as short |
| BingX STONK-USDT | +0.1482% | 4h | 0.3638 | +0.273% | — | $950K | — | as long as short |
| Phoenix STONK | +0.1531% | 1h | 0.3618 | −0.278% | $192K | $231K | 3x | as long as short |
| Aster STONKUSDT | +0.1664% | 1h | 0.3637 | +0.239% | $479K | $1.1M | 10x | as long as short |
| Bybit STONKUSDTshort | +0.1875% | 4h | 0.3638 | +0.273% | $1.5M | $7.0M | 5x | |
| BloFin STONK-USDT | +0.1995% | 4h | 0.3627 | −0.030% | $91K | $236K | 5x | as long as short |
| Lighter STONK | +0.5840% | 1h | 0.3640 | +0.334% | $425K | $637K | 5x | as long as short |
| MEXC STONK_USDT | +0.7448% | 4h | 0.3632 | +0.099% | $830K | $1.1M | 20x | as long as short |
Gate STONK_USDT
BingX STONK-USDT
Phoenix STONK
Aster STONKUSDT
BloFin STONK-USDT
Lighter STONK
MEXC STONK_USDT