Funding you earn now, next payment 08:00 UTC−0.4987%/8h= −546.1% APRpaid last 24h +0.093%
Price spread now: Phoenix against MEXC−0.304%77s7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$474as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3393.389% of the position
Funding, last 7 days−1.348%−$135 on $10k
+Price spread, last 4 days (all we have)−0.381%−$38 · spread now −0.304%, 7d avg −0.174%
=Both sides work against this trade now: funding costs −$150 a day on $10k at the current rate, and Phoenix is 0.130% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.174%). Swap the legs. The two prices were read 77 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 7 days it paid -1.348% in total (about -70.3% 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 | MEXC STONK_USDT | 0.3360 | 0.6286 | pay 0.3143% / 4h | 3h 14m | $810K | $997K | 20x |
| Short | Phoenix STONK | 0.3350 | 0.1299 | get 0.0162% / 1h | 14m 09s | $213K | $137K | 3x |
MEXC STONK_USDT
Phoenix STONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against MEXC. 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
- −$1,047.36
- Price spread: −0.304% → −0.174%
- −$12.98
- Slippage, 4 orders
- −$311.93
- Fee MEXC: 10 bp × 2 orders
- −$20
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$1,399.27
- Costs to cover
- 3.389%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 37 min ago; Phoenix: live order book, 13 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 MEXC live order book, 37 min ago | 7.59 bp | 40.5 bp −$40 | 63.8 bp −$638 | 463.2 bp −$46.3K | doesn't fit |
| Sell Phoenix live order book, 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STONKUSDT | +0.0342% | 1h | 0.3355 | −0.158% | $495K | $1.2M | 10x | as long as short |
| Bitget STONKUSDT | +0.0394% | 4h | 0.3354 | −0.167% | $491K | $1.9M | 10x | as long as short |
| Phoenix STONKshort | +0.1299% | 1h | 0.3350 | −0.304% | $213K | $137K | 3x | |
| Lighter STONK | +0.4392% | 1h | 0.3366 | +0.170% | $358K | $540K | 5x | as long as short |
| BingX STONK-USDT | +0.5796% | 4h | 0.3364 | +0.122% | — | $911K | — | as long as short |
| Gate STONK_USDT | +0.6014% | 4h | 0.3380 | +0.598% | $1.0M | $2.2M | 10x | as long as short |
| MEXC STONK_USDTlong | +0.6286% | 4h | 0.3360 | long leg | $810K | $997K | 20x | |
| Bybit STONKUSDT | +0.6531% | 4h | 0.3368 | +0.241% | $1.8M | $5.9M | 5x | as long as short |
| BloFin STONK-USDT | +0.8504% | 4h | 0.3357 | −0.086% | $92K | $195K | 5x | as long as short |
Aster STONKUSDT
Bitget STONKUSDT
Lighter STONK
BingX STONK-USDT
Gate STONK_USDT
Bybit STONKUSDT
BloFin STONK-USDT