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Funding arb · Price arb /

STONK

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.1483%/8h= +162.3% APRnext payment +$7.41 per $10,000 · paid last 24h +0.297%
Price spread now: Gate against Bybit+0.444%7-day average +0.062% · 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−$322as in the Price arb table
costs, in and out, $10k−$3603.603% of the position
Long on BybitShort on Gate
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.449%−$45 on $10k
Price spread, last 4 days (all we have)−0.401%−$40 · spread now +0.444%, 7d avg +0.062%
Together, before fees−0.849%−$85 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Gate is 0.382% dearer against Bybit than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.062%. Mind the row above: over the last 4 days funding on this pair cost −0.449%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.449% in total (about -39.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit STONKUSDT0.33360.3133pay 0.1567% / 4h53m 06s$1.5M$6.1M5x
ShortGate STONK_USDT0.33510.4616get 0.2308% / 4h53m 06s$973K$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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
$311.35
Price spread: +0.444% → +0.062%
$38.17
Slippage, 4 orders
−$334.28
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$10.75
Costs to cover
3.603%
Break-even
7.2 days
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 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 Bybit live order book, 5 min ago6.00 bp70.9 bp −$71628.7 bp −$6,287doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago13.73 bp108.2 bp −$108doesn'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+0.0282%4h0.3329−0.216%$440K$2.1M10xas long as short
Lighter STONK+0.0920%1h0.3347+0.327%$353K$531K5xas long as short
MEXC STONK_USDT+0.1430%4h0.3331−0.141%$809K$996K20xas long as short
Phoenix STONK+0.1683%1h0.3334−0.072%$210K$135K3xas long as short
BingX STONK-USDT+0.3044%4h0.3337+0.030%—$917K—as long as short
Bybit STONKUSDTlong+0.3133%4h0.3336long leg$1.5M$6.1M5x
BloFin STONK-USDT+0.4089%4h0.3328−0.240%$91K$192K5xas long as short
Aster STONKUSDT+0.4328%1h0.3333−0.095%$467K$1.1M10xas long as short
Gate STONK_USDTshort+0.4616%4h0.3351+0.444%$973K$2.1M10x