Funding you earn now, next payment 22:00 UTC−0.1431%/8h= −156.7% APRpaid last 24h −0.114%
Price spread now: Bitget against Phoenix−0.345%7-day average +0.119% · 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−$396as in the Price arb table
costs, in and out, $10k−$3493.493% of the position
Funding, last 4 days (all we have)−0.260%−$26 on $10k
+Price spread, last 3 days (all we have)+0.766%+$77 · spread now −0.345%, 7d avg +0.119%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Bitget is 0.464% cheaper against Phoenix than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.119%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.260% in total (about -26.4% 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 | Phoenix STONK | 0.3710 | 0.1531 | pay 0.0191% / 1h | 51m 07s | $191K | $231K | 3x |
| Short | Bitget STONKUSDT | 0.3697 | 0.0100 | get 0.0050% / 4h | 1h 51m | $330K | $2.8M | 10x |
Phoenix STONK
Bitget STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$300.54
- Price spread: −0.345% → +0.119%
- −$46.4
- Slippage, 4 orders
- −$330.33
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$696.27
- Costs to cover
- 3.493%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 27 min ago; Bitget: live order book, 1 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, 27 min ago | 46.75 bp | 141.3 bp −$141 | 367.1 bp −$3,671 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 18.55 bp | 32.5 bp −$32 | 236.3 bp −$2,363 | 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 | −0.0426% | 4h | 0.3696 | −0.375% | $849K | $1.1M | 20x | as long as short |
| Bitget STONKUSDTshort | +0.0100% | 4h | 0.3697 | −0.345% | $330K | $2.8M | 10x | |
| Bybit STONKUSDT | +0.0846% | 4h | 0.3705 | −0.127% | $1.5M | $7.0M | 5x | as long as short |
| BingX STONK-USDT | +0.0888% | 4h | 0.3703 | −0.181% | — | $953K | — | as long as short |
| BloFin STONK-USDT | +0.1152% | 4h | 0.3686 | −0.639% | $89K | $237K | 5x | as long as short |
| Gate STONK_USDT | +0.1428% | 4h | 0.3703 | −0.186% | $874K | $1.7M | 10x | as long as short |
| Phoenix STONKlong | +0.1531% | 1h | 0.3710 | long leg | $191K | $231K | 3x | |
| Aster STONKUSDT | +0.3791% | 1h | 0.3704 | −0.154% | $487K | $1.2M | 10x | as long as short |
| Lighter STONK | +0.4136% | 1h | 0.3709 | −0.008% | $432K | $629K | 5x | as long as short |
MEXC STONK_USDT
Bybit STONKUSDT
BingX STONK-USDT
BloFin STONK-USDT
Gate STONK_USDT
Aster STONKUSDT
Lighter STONK