Settings8H · net · $10k
Funding arb · Price arb /

STONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0788%/8h= +86.3% APRpaid last 24h +0.310%
Price spread now: Lighter against BloFin+0.091%7-day average +0.255% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$406as in the Price arb table
costs, in and out, $10k−$3903.900% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.194%+$19 on $10k
Price spread, last 3 days (all we have)+0.429%+$43 · spread now +0.091%, 7d avg +0.255%
Together, before fees+0.623%+ Points / potential airdropLighter: Season 3 · farm board+$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.164% cheaper against BloFin than usual: you would sell low and buy high (spread +0.091% now, against its 7-day average of +0.255%). If the spread goes back, that is −$16 on $10k: about 17 hours of funding at the current rate (+$24 a day). At the pace of the last 4 days (+0.194% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.194% in total (about 20.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin STONK-USDT0.37470.7076pay 0.3538% / 4h3h 38m$91K$243K5x
ShortLighter STONK0.37500.7864get 0.0983% / 1h38m 33s$448K$580K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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

Funding earned
$165.52
Price spread: +0.091% → +0.255%
−$16.38
Slippage, 4 orders
−$378
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$240.86
Costs to cover
3.900%
Break-even
17.2 days
Slippage from BloFin: live order book, 27 min ago; Lighter: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 27 min ago2.75 bp27.3 bp −$27145.7 bp −$1,457doesn't fitdoesn't fit
Sell Lighter live order book, 31 min ago42.73 bp176.3 bp −$176doesn't fitdoesn't fitdoesn't fit

STONK on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget STONKUSDT+0.0354%4h0.3735−0.331%$367K$2.8M10xas long as short
MEXC STONK_USDT+0.0360%4h0.3739−0.222%$873K$1.1M20xas long as short
Phoenix STONK+0.2129%1h0.3711−0.963%$205K$244K3xas long as short
Bybit STONKUSDT+0.4314%4h0.3735−0.320%$1.7M$7.1M5xas long as short
BingX STONK-USDT+0.5938%4h0.3733−0.374%$938Kas long as short
BloFin STONK-USDTlong+0.7076%4h0.3747long leg$91K$243K5x
Lighter STONKshort+0.7864%1h0.3750+0.091%$448K$580K5x
Aster STONKUSDT+0.8444%1h0.3748+0.027%$504K$1.1M10xas long as short
Gate STONK_USDT+1.0714%4h0.3742−0.139%$940K$1.7M10xas long as short