Funding arb · Price arb / Crypto

STONK

All STONK markets →

LONGLighter▾Aster −0.0383%Bybit +0.0100%Gate +0.0100%MEXC +0.0100%Bitget +0.0100%BingX +0.0100%Orderly +0.0100%BloFin +0.0340%Phoenix +0.0667%Lighter +0.1120%

⇄⇅

SHORTTxFlow▾Phoenix +0.0667%BloFin +0.0340%Bybit +0.0100%Gate +0.0100%MEXC +0.0100%Bitget +0.0100%BingX +0.0100%Orderly +0.0100%TxFlow +0.0100%Aster −0.0383%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterSTONK	0.1312	+0.1120	pay 0.0140% / 1h	54m 53s	$243K	$187K	5x	Long Lighter7d free
SHORT	TxFlowSTONK-USDC	0.1308	+0.0100	get 0.0013% / 1h	54m 53s	$98K	$54K	5x	Short TxFlow5% off

Price gap−0.328%59s

Funding gap−0.1020% /8h

Both sides work against this direction now: funding costs $31 a day on $10k and the gap is 0.328% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.083% in total, about −0.0040%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.328%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

LighterTxFlow

STONK on 11 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• i
  Note: Order book unknown—

  No order-book sample for TxFlow: its slippage is not counted.
• i
  Note: Margin at max leverage$2,000 + $2,000

  Lighter 5x, TxFlow 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Lighter · 1h−$33.60

  Short TxFlow · 1h+$3.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$30.60Long Lighter: 24 payments, −$33.60; short TxFlow: 24 payments, +$3.00.
• !
  Watch: Prices read 59 s apart−0.328% vs —

  Part of this gap may be the market moving.
• !
  Watch: Short leg is thinner$98K vs $243K OI

  TxFlow sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legLighter Season 3 · TxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legLighter No · TxFlow No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0040%/8h × 21 periods−$8.30

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for TxFlow—

Fee Lighter bp × 2 orders$0.00

Fee TxFlow bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$17.30

price spread not counted: prices read too far apart

Costs to cover0.090%Break-evennever at this rate

Slippage: Lighter: live order book, 44 min ago; TxFlow: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGLighter22.5654.7 bp−$55doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTTxFlow—————

Closing costs about the same again.
TxFlow: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

STONK news

posts that mention STONK, from every exchangeSearch all news →

10-24 11:47	Orderly	Listing	2 more Perp Anything markets are LIVE $AI 🐶 - Artificial Inu (@artificiallyinu) $STONK 📈 - StonkFun (@LaunchOnSF) Long or short both across 500+ Orderly-powered DEXs @OrderlyNetwork on X ↗
10-23 14:14	Orderly	Listing	new market PERP_STONK_USDC_mythos ($STONK) seen by our collector
10-20 18:15	Kraken Futures	Other	On the DEX radar 👀 $CASHCAT · $GEOD · $STONK · $HOOKR · $ZCAT Explore on Kraken ⤵️ @krakenfx on X ↗
09-28 15:16	Phoenix	Contest	It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗
09-25 14:48	Phoenix	Contest	$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗
09-21 16:18	Phoenix	Other	$STONK is up 30% in the last 24 hours, up to an ATH of $0.40. Trade $STONK on up to 3x leverage: @PhoenixTrade on X ↗