Funding you earn now, next payment 00:00 UTC+0.6175%/8h= +676.2% APRnext payment +$7.72 per $10,000 · paid last 24h +0.265%
Price spread now: Lighter against Phoenix+0.890%7-day average +0.394% · you sell dearer than you buy
Net, funding: paid 7d − costs−$413as in the Funding arb table
Net, price: spread back to 7d avg − costs−$533as in the Price arb table
costs, in and out, $10k−$5835.829% of the position
Funding, last 7 days+1.700%+$170 on $10k
+Price spread, last 3 days (all we have)−0.356%−$36 · spread now +0.890%, 7d avg +0.394%
=Together, before fees+1.344%+ Points / potential airdropLighter: Season 3 · farm board+$134 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$185 a day on $10k at the current rate, and Lighter is 0.496% dearer against Phoenix than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of +0.394%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.700% in total (about 95.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.72 per $10,000. 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 | 0.3720 | 0.2129 | pay 0.0266% / 1h | 12m 44s | $208K | $244K | 3x |
| Short | Lighter STONK | 0.3753 | 0.8304 | get 0.1038% / 1h | 12m 44s | $453K | $586K | 5x |
Phoenix STONK
Lighter STONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $1,296.8
- Price spread: +0.890% → +0.394%
- $49.6
- Slippage, 4 orders
- −$575.87
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $763.53
- Costs to cover
- 5.829%
- Break-even
- 2.9 days
Slippage from Phoenix: live order book, 55 min ago; Lighter: live order book, 57 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 | 46.91 bp | 142.0 bp −$142 | 369.1 bp −$3,691 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 57 min ago | 42.73 bp | 176.3 bp −$176 | doesn't fit | 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 | +0.0266% | 4h | 0.3732 | +0.317% | $382K | $2.8M | 10x | as long as short |
| MEXC STONK_USDT | +0.0272% | 4h | 0.3735 | +0.403% | $879K | $1.1M | 20x | as long as short |
| Phoenix STONKlong | +0.2129% | 1h | 0.3720 | long leg | $208K | $244K | 3x | |
| BingX STONK-USDT | +0.2410% | 4h | 0.3742 | +0.583% | — | $936K | — | as long as short |
| Bybit STONKUSDT | +0.2992% | 4h | 0.3742 | +0.583% | $1.7M | $7.0M | 5x | as long as short |
| Gate STONK_USDT | +0.3100% | 4h | 0.3739 | +0.497% | $942K | $1.8M | 10x | as long as short |
| BloFin STONK-USDT | +0.3650% | 4h | 0.3728 | +0.207% | $90K | $242K | 5x | as long as short |
| Aster STONKUSDT | +0.7708% | 1h | 0.3760 | +1.067% | $521K | $1.1M | 10x | as long as short |
| Lighter STONKshort | +0.8304% | 1h | 0.3753 | +0.890% | $453K | $586K | 5x |
Bitget STONKUSDT
MEXC STONK_USDT
BingX STONK-USDT
Bybit STONKUSDT
Gate STONK_USDT
BloFin STONK-USDT
Aster STONKUSDT