Funding you earn now, next payment 00:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.732%
Price spread now: BingX against Phoenix+0.694%79s7-day average +0.231% · you sell dearer than you buy
Net, funding: paid 7d − costs−$289as 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−$3573.566% of the position
Funding, last 7 days+0.673%+$67 on $10k
+Price spread, last 3 days (all we have)−0.419%−$42 · spread now +0.694%, 7d avg +0.231%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.462% dearer against Phoenix than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of +0.231%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix STONK | 0.3704 | 0.2129 | pay 0.0266% / 1h | 16m 00s | $206K | $244K | 3x |
| Short | BingX STONK-USDT | 0.3730 | 0.2410 | get 0.1205% / 4h | 3h 16m | — | $939K | — |
Phoenix STONK
BingX STONK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phoenix. 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
- $59.06
- Price spread: +0.694% → +0.231%
- $46.25
- Slippage, 4 orders
- −$339.55
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$251.24
- Costs to cover
- 3.566%
- Break-even
- 36.8 days
Slippage from Phoenix: live order book, 51 min ago; BingX: live order book, 73 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 Phoenix live order book, 51 min ago | 46.91 bp | 142.0 bp −$142 | 369.1 bp −$3,691 | doesn't fit | doesn't fit |
| Sell BingX live order book, 73 min ago | 11.17 bp | 54.2 bp −$54 | 141.6 bp −$1,416 | 1009.0 bp −$100.9K | 1242.3 bp −$621.2K |
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 | +0.0272% | 4h | 0.3724 | +0.518% | $876K | $1.1M | 20x | as long as short |
| Bitget STONKUSDT | +0.0282% | 4h | 0.3725 | +0.567% | $381K | $2.8M | 10x | as long as short |
| Phoenix STONKlong | +0.2129% | 1h | 0.3704 | long leg | $206K | $244K | 3x | |
| BingX STONK-USDTshort | +0.2410% | 4h | 0.3730 | +0.694% | — | $939K | — | |
| Bybit STONKUSDT | +0.2897% | 4h | 0.3730 | +0.694% | $1.7M | $7.0M | 5x | as long as short |
| Gate STONK_USDT | +0.3646% | 4h | 0.3732 | +0.745% | $938K | $1.8M | 10x | as long as short |
| BloFin STONK-USDT | +0.3812% | 4h | 0.3714 | +0.262% | $91K | $241K | 5x | as long as short |
| Aster STONKUSDT | +0.7538% | 1h | 0.3746 | +1.116% | $519K | $1.1M | 10x | as long as short |
| Lighter STONK | +0.8264% | 1h | 0.3738 | +0.910% | $451K | $586K | 5x | as long as short |
MEXC STONK_USDT
Bitget STONKUSDT
Bybit STONKUSDT
Gate STONK_USDT
BloFin STONK-USDT
Aster STONKUSDT
Lighter STONK