Funding you earn now, next payment 04:00 UTC−0.1560%/8h= −170.8% APRnext payment −$7.80 per $10,000 · paid last 24h −0.212%
Price spread now: Bybit against Gate−0.154%7-day average −0.053% · 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−$337as in the Price arb table
costs, in and out, $10k−$3273.267% of the position
Funding, last 4 days (all we have)+0.480%+$48 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.154%, 7d avg −0.053%
=Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Bybit is 0.101% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.053%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.480%, 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 0.480% in total (about 45.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.80 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 | 0.3705 | 0.4096 | pay 0.2048% / 4h | 3h 19m | $933K | $1.8M | 10x |
| Short | Bybit STONKUSDT | 0.3699 | 0.2536 | get 0.1268% / 4h | 3h 19m | $1.7M | $7.1M | 5x |
Gate STONK_USDT
Bybit STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$327.54
- Price spread: −0.154% → −0.053%
- −$10.13
- Slippage, 4 orders
- −$300.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$664.34
- Costs to cover
- 3.267%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: 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 Gate live order book, 3 min ago | 5.81 bp | 109.1 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.04 bp | 31.7 bp −$32 | 302.8 bp −$3,028 | 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 | +0.0272% | 4h | 0.3693 | −0.321% | $374K | $2.8M | 10x | as long as short |
| MEXC STONK_USDT | +0.0606% | 4h | 0.3696 | −0.232% | $870K | $1.1M | 20x | as long as short |
| Phoenix STONK | +0.2129% | 1h | 0.3704 | −0.011% | $206K | $244K | 3x | as long as short |
| BingX STONK-USDT | +0.2434% | 4h | 0.3700 | −0.127% | — | $941K | — | as long as short |
| Bybit STONKUSDTshort | +0.2536% | 4h | 0.3699 | −0.154% | $1.7M | $7.1M | 5x | |
| BloFin STONK-USDT | +0.4056% | 4h | 0.3677 | −0.748% | $89K | $239K | 5x | as long as short |
| Gate STONK_USDTlong | +0.4096% | 4h | 0.3705 | long leg | $933K | $1.8M | 10x | |
| Aster STONKUSDT | +0.7546% | 1h | 0.3723 | +0.500% | $506K | $1.1M | 10x | as long as short |
| Lighter STONK | +0.8352% | 1h | 0.3718 | +0.364% | $448K | $586K | 5x | as long as short |
Bitget STONKUSDT
MEXC STONK_USDT
Phoenix STONK
BingX STONK-USDT
BloFin STONK-USDT
Aster STONKUSDT
Lighter STONK