Funding you earn now, next payment 03:00 UTC−0.0680%/8h= −74.4% APRpaid last 24h −0.063%
Price spread now: BloFin against Phoenix+0.570%106s7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3573.569% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−1.439%−$144 · spread now +0.570%, 7d avg +0.111%
=The price spread pays, funding is against you. BloFin is 0.460% dearer against Phoenix than usual: you sell high and buy low (spread +0.570% now, against its 7-day average of +0.111%): +$46 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 4 days (−0.001% in total) that is about years. The two prices were read 106 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 4 days it paid -0.001% in total (about -0.1% 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 | 0.3401 | 0.1036 | pay 0.0130% / 1h | 57m 29s | $202K | $258K | 3x |
| Short | BloFin STONK-USDT | 0.3420 | 0.0356 | get 0.0178% / 4h | 3h 57m | $91K | $209K | 5x |
Phoenix STONK
BloFin STONK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$142.74
- Price spread: +0.570% → +0.111%
- $45.95
- Slippage, 4 orders
- −$337.86
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$453.65
- Costs to cover
- 3.569%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 55 min ago; BloFin: live order book, 33 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, 55 min ago | 47.51 bp | 144.0 bp −$144 | 374.3 bp −$3,743 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 1.38 bp | 37.6 bp −$38 | 193.4 bp −$1,934 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter STONK | +0.0032% | 1h | 0.3440 | +1.159% | $362K | $483K | 5x | as long as short |
| Bybit STONKUSDT | +0.0100% | 4h | 0.3428 | +0.806% | $1.5M | $6.5M | 5x | as long as short |
| Bitget STONKUSDT | +0.0100% | 4h | 0.3433 | +0.947% | $406K | $2.2M | 10x | as long as short |
| BingX STONK-USDT | +0.0100% | 4h | 0.3422 | +0.629% | — | $918K | — | as long as short |
| BloFin STONK-USDTshort | +0.0356% | 4h | 0.3420 | +0.570% | $91K | $209K | 5x | |
| Phoenix STONKlong | +0.1036% | 1h | 0.3401 | long leg | $202K | $258K | 3x | |
| Gate STONK_USDT | +0.1168% | 4h | 0.3434 | +0.976% | $870K | $1.9M | 10x | as long as short |
| Aster STONKUSDT | +0.1991% | 1h | 0.3430 | +0.865% | $491K | $1.0M | 10x | as long as short |
| MEXC STONK_USDT | +0.2406% | 4h | 0.3433 | +0.965% | $721K | $1.0M | 20x | as long as short |
Lighter STONK
Bybit STONKUSDT
Bitget STONKUSDT
BingX STONK-USDT
Gate STONK_USDT
Aster STONKUSDT
MEXC STONK_USDT