Funding you earn now, next payment 08:00 UTC+0.4987%/8h= +546.1% APRpaid last 24h −0.093%
Price spread now: MEXC against Phoenix+0.866%92s7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as 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−$3393.389% of the position
Funding, last 7 days+1.348%+$135 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.866%, 7d avg +0.174%
=Both sides work for this trade now. Funding pays +$150 a day on $10k at the current rate, and MEXC is 0.692% dearer against Phoenix than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of +0.174%. The two prices were read 92 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 7 days it paid 1.348% in total (about 70.3% 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 | 0.3350 | 0.1299 | pay 0.0162% / 1h | 13m 52s | $213K | $137K | 3x |
| Short | MEXC STONK_USDT | 0.3379 | 0.6286 | get 0.3143% / 4h | 3h 13m | $814K | $997K | 20x |
Phoenix STONK
MEXC STONK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $1,047.36
- Price spread: +0.866% → +0.174%
- $69.2
- Slippage, 4 orders
- −$311.93
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 10 bp × 2 orders
- −$20
- Net
- $777.63
- Costs to cover
- 3.389%
- Break-even
- 1.8 days
Slippage from Phoenix: live order book, 13 min ago; MEXC: live order book, 37 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, 13 min ago | 47.42 bp | 143.7 bp −$144 | 374.4 bp −$3,744 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 37 min ago | 7.59 bp | 34.0 bp −$34 | 61.2 bp −$612 | 409.7 bp −$41.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STONKUSDT | +0.0342% | 1h | 0.3357 | +0.204% | $495K | $1.2M | 10x | as long as short |
| Bitget STONKUSDT | +0.0394% | 4h | 0.3375 | +0.764% | $494K | $1.9M | 10x | as long as short |
| Phoenix STONKlong | +0.1299% | 1h | 0.3350 | long leg | $213K | $137K | 3x | |
| Lighter STONK | +0.4376% | 1h | 0.3381 | +0.940% | $360K | $540K | 5x | as long as short |
| BingX STONK-USDT | +0.5796% | 4h | 0.3380 | +0.905% | — | $911K | — | as long as short |
| Gate STONK_USDT | +0.6014% | 4h | 0.3387 | +1.120% | $1.0M | $2.2M | 10x | as long as short |
| MEXC STONK_USDTshort | +0.6286% | 4h | 0.3379 | +0.866% | $814K | $997K | 20x | |
| Bybit STONKUSDT | +0.6531% | 4h | 0.3381 | +0.934% | $1.8M | $5.9M | 5x | as long as short |
| BloFin STONK-USDT | +0.8504% | 4h | 0.3357 | +0.218% | $92K | $195K | 5x | as long as short |
Aster STONKUSDT
Bitget STONKUSDT
Lighter STONK
BingX STONK-USDT
Gate STONK_USDT
Bybit STONKUSDT
BloFin STONK-USDT