Funding you earn now, next payment 08:00 UTC−0.4853%/8h= −531.4% APRpaid last 24h +0.038%
Price spread now: Phoenix against Bybit−0.640%45s7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4444.441% of the position
Funding, last 4 days (all we have)−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.640%, 7d avg −0.131%
=Both sides work against this trade now: funding costs −$146 a day on $10k at the current rate, and Phoenix is 0.510% cheaper against Bybit than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of −0.131%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.096% in total (about -8.3% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STONKUSDT | 0.3357 | 0.6151 | pay 0.3076% / 4h | 3h 22m | $1.8M | $5.9M | 5x |
| Short | Phoenix STONK | 0.3336 | 0.1299 | get 0.0162% / 1h | 22m 44s | $212K | $137K | 3x |
Bybit STONKUSDT
Phoenix STONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bybit. 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
- −$1,019.03
- Price spread: −0.640% → −0.131%
- −$50.99
- Slippage, 4 orders
- −$426.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$1,514.11
- Costs to cover
- 4.441%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Phoenix: live order book, 4 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 Bybit live order book, 5 min ago | 6.00 bp | 106.0 bp −$106 | 716.9 bp −$7,169 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 4 min ago | 47.42 bp | 120.8 bp −$121 | 295.7 bp −$2,957 | 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 STONKUSDT | +0.0310% | 4h | 0.3354 | −0.101% | $492K | $1.9M | 10x | as long as short |
| Aster STONKUSDT | +0.0572% | 1h | 0.3344 | −0.385% | $493K | $1.2M | 10x | as long as short |
| MEXC STONK_USDT | +0.0756% | 4h | 0.3342 | −0.459% | $809K | $993K | 20x | as long as short |
| Phoenix STONKshort | +0.1299% | 1h | 0.3336 | −0.640% | $212K | $137K | 3x | |
| Lighter STONK | +0.4728% | 1h | 0.3355 | −0.048% | $357K | $540K | 5x | as long as short |
| Gate STONK_USDT | +0.5108% | 4h | 0.3359 | +0.069% | $1.0M | $2.2M | 10x | as long as short |
| Bybit STONKUSDTlong | +0.6151% | 4h | 0.3357 | long leg | $1.8M | $5.9M | 5x | |
| BingX STONK-USDT | +0.6189% | 4h | 0.3361 | +0.119% | — | $910K | — | as long as short |
| BloFin STONK-USDT | +0.8916% | 4h | 0.3334 | −0.685% | $92K | $198K | 5x | as long as short |
Bitget STONKUSDT
Aster STONKUSDT
MEXC STONK_USDT
Lighter STONK
Gate STONK_USDT
BingX STONK-USDT
BloFin STONK-USDT