Funding you earn now, next payment 06:00 UTC+0.0719%/8h= +78.7% APRpaid last 24h −0.174%
Price spread now: Bybit against Phoenix+0.636%45s7-day average +0.102% · 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−$3613.606% of the position
Funding, last 4 days (all we have)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.636%, 7d avg +0.102%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bybit is 0.534% dearer against Phoenix than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of +0.102%. The two prices were read 45 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 -0.024% in total (about -2.1% 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 | 0.3286 | 0.1741 | pay 0.0218% / 1h | 42m 48s | $207K | $135K | 3x |
| Short | Bybit STONKUSDT | 0.3307 | 0.2460 | get 0.1230% / 4h | 1h 42m | $1.5M | $6.4M | 5x |
Phoenix STONK
Bybit STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $150.94
- Price spread: +0.636% → +0.102%
- $53.37
- Slippage, 4 orders
- −$342.6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$156.3
- Costs to cover
- 3.606%
- Break-even
- 14.2 days
Slippage from Phoenix: live order book, 59 min ago; Bybit: live order book, 5 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, 59 min ago | 47.08 bp | 142.3 bp −$142 | 370.2 bp −$3,702 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 9.15 bp | 31.2 bp −$31 | 279.2 bp −$2,792 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget STONKUSDT | +0.0100% | 4h | 0.3289 | +0.094% | $411K | $2.2M | 10x | as long as short |
| Lighter STONK | +0.0616% | 1h | 0.3303 | +0.508% | $340K | $525K | 5x | as long as short |
| Phoenix STONKlong | +0.1741% | 1h | 0.3286 | long leg | $207K | $135K | 3x | |
| BingX STONK-USDT | +0.1905% | 4h | 0.3305 | +0.575% | — | $916K | — | as long as short |
| Bybit STONKUSDTshort | +0.2460% | 4h | 0.3307 | +0.636% | $1.5M | $6.4M | 5x | |
| Aster STONKUSDT | +0.2479% | 1h | 0.3303 | +0.514% | $459K | $1.1M | 10x | as long as short |
| BloFin STONK-USDT | +0.2750% | 4h | 0.3310 | +0.727% | $92K | $192K | 5x | as long as short |
| MEXC STONK_USDT | +0.3186% | 4h | 0.3292 | +0.189% | $726K | $1.0M | 20x | as long as short |
| Gate STONK_USDT | +0.4608% | 4h | 0.3310 | +0.724% | $949K | $2.1M | 10x | as long as short |
Bitget STONKUSDT
Lighter STONK
BingX STONK-USDT
Aster STONKUSDT
BloFin STONK-USDT
MEXC STONK_USDT
Gate STONK_USDT