Funding you earn now, next payment 07:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h −0.434%
Price spread now: Phoenix against Lighter−2.275%7-day average −0.391% · you buy dearer than you sell
Net, funding: paid 7d − costs−$830as in the Funding arb table
Net, price: spread back to 7d avg − costs−$829as in the Price arb table
costs, in and out, $10k−$6416.410% of the position
Funding, last 7 days−1.894%−$189 on $10k
+Price spread, last 4 days (all we have)+0.459%+$46 · spread now −2.275%, 7d avg −0.391%
=Together, before fees−1.435%+ Points / potential airdropLighter: Season 3 · farm board−$143 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 1.885% cheaper against Lighter than usual: you would sell low and buy high (spread −2.275% now, against its 7-day average of −0.391%). If the spread goes back, that is −$188 on $10k: about 30 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −1.894%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter STONK | 0.3380 | 0.1472 | pay 0.0184% / 1h | 59m 28s | $357K | $535K | 5x |
| Short | Phoenix STONK | 0.3303 | 0.1683 | get 0.0210% / 1h | 59m 28s | $209K | $135K | 3x |
Lighter STONK
Phoenix STONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $44.27
- Price spread: −2.275% → −0.391%
- −$188.47
- Slippage, 4 orders
- −$633.96
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$785.16
- Costs to cover
- 6.410%
- Break-even
- 131.2 days
Slippage from Lighter: live order book, 35 min ago; Phoenix: live order book, 32 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 Lighter live order book, 35 min ago | 56.55 bp | 183.1 bp −$183 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 32 min ago | 47.25 bp | 120.5 bp −$121 | 295.3 bp −$2,953 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC STONK_USDT | −0.1362% | 4h | 0.3374 | −0.183% | $802K | $980K | 20x | as long as short |
| Bybit STONKUSDT | +0.0100% | 4h | 0.3398 | +0.536% | $1.8M | $6.1M | 5x | as long as short |
| Bitget STONKUSDT | +0.0136% | 4h | 0.3383 | +0.089% | $484K | $2.0M | 10x | as long as short |
| Lighter STONKlong | +0.1472% | 1h | 0.3380 | long leg | $357K | $535K | 5x | |
| Phoenix STONKshort | +0.1683% | 1h | 0.3303 | −2.275% | $209K | $135K | 3x | |
| Aster STONKUSDT | +0.2347% | 1h | 0.3352 | −0.840% | $472K | $1.2M | 10x | as long as short |
| BingX STONK-USDT | +0.2948% | 4h | 0.3404 | +0.713% | — | $920K | — | as long as short |
| BloFin STONK-USDT | +0.3953% | 4h | 0.3301 | −2.334% | $92K | $198K | 5x | as long as short |
| Gate STONK_USDT | +0.4304% | 4h | 0.3390 | +0.302% | $995K | $2.2M | 10x | as long as short |
MEXC STONK_USDT
Bybit STONKUSDT
Bitget STONKUSDT
Aster STONKUSDT
BingX STONK-USDT
BloFin STONK-USDT
Gate STONK_USDT