Funding you earn now, next payment 04:00 UTC−0.4304%/8h= −471.3% APRnext payment −$21.52 per $10,000 · paid last 24h −0.234%
Price spread now: Bitget against Gate−0.642%7-day average −0.003% · 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−$397as in the Price arb table
costs, in and out, $10k−$3343.336% of the position
Funding, last 4 days (all we have)+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.690%+$69 · spread now −0.642%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$129 a day on $10k at the current rate, and Bitget is 0.639% cheaper against Gate than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.074% in total (about 7.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$21.52 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 | Gate STONK_USDT | 0.3710 | 0.4586 | pay 0.2293% / 4h | 3h 21m | $930K | $1.8M | 10x |
| Short | Bitget STONKUSDT | 0.3686 | 0.0282 | get 0.0141% / 4h | 3h 21m | $373K | $2.8M | 10x |
Gate STONK_USDT
Bitget STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$903.84
- Price spread: −0.642% → −0.003%
- −$63.85
- Slippage, 4 orders
- −$306.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,301.25
- Costs to cover
- 3.336%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 1 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 Gate live order book, 1 min ago | 5.81 bp | 109.1 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 10.60 bp | 43.4 bp −$43 | doesn't fit | 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 STONKUSDTshort | +0.0282% | 4h | 0.3686 | −0.642% | $373K | $2.8M | 10x | |
| MEXC STONK_USDT | +0.0302% | 4h | 0.3689 | −0.553% | $868K | $1.1M | 20x | as long as short |
| Phoenix STONK | +0.2129% | 1h | 0.3730 | +0.545% | $207K | $244K | 3x | as long as short |
| BingX STONK-USDT | +0.2434% | 4h | 0.3690 | −0.528% | — | $939K | — | as long as short |
| Bybit STONKUSDT | +0.2597% | 4h | 0.3689 | −0.555% | $1.7M | $7.1M | 5x | as long as short |
| BloFin STONK-USDT | +0.4184% | 4h | 0.3720 | +0.280% | $90K | $240K | 5x | as long as short |
| Gate STONK_USDTlong | +0.4586% | 4h | 0.3710 | long leg | $930K | $1.8M | 10x | |
| Aster STONKUSDT | +0.7545% | 1h | 0.3721 | +0.306% | $505K | $1.1M | 10x | as long as short |
| Lighter STONK | +0.8392% | 1h | 0.3705 | −0.119% | $447K | $586K | 5x | as long as short |
MEXC STONK_USDT
Phoenix STONK
BingX STONK-USDT
Bybit STONKUSDT
BloFin STONK-USDT
Aster STONKUSDT
Lighter STONK