Funding you earn now, next payment 09:00 UTC−0.3114%/8h= −341.0% APRpaid last 24h −0.279%
Price spread now: Phoenix against BingX+0.089%7-day average −0.251% · you sell dearer than you buy
Net, funding: paid 7d − costs−$466as in the Funding arb table
Net, price: spread back to 7d avg − costs−$354as in the Price arb table
costs, in and out, $10k−$3883.880% of the position
Funding, last 7 days−0.779%−$78 on $10k
+Price spread, last 4 days (all we have)−0.594%−$59 · spread now +0.089%, 7d avg −0.251%
=The price spread pays, funding is against you. Phoenix is 0.341% dearer against BingX than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.251%): +$34 on $10k if it goes back. Holding the pair costs −$93 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.779% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.779% in total (about -40.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STONK-USDT | 0.3358 | 0.4760 | pay 0.2380% / 4h | 1h 55m | — | $896K | — |
| Short | Phoenix STONK | 0.3361 | 0.1646 | get 0.0206% / 1h | 55m 20s | $211K | $134K | 3x |
BingX STONK-USDT
Phoenix STONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. 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
- −$653.88
- Price spread: +0.089% → −0.251%
- $34.06
- Slippage, 4 orders
- −$370.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$1,007.8
- Costs to cover
- 3.880%
- Break-even
- never at this rate
Slippage from BingX: live order book, 27 min ago; Phoenix: live order book, 51 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 BingX live order book, 27 min ago | 19.66 bp | 76.6 bp −$77 | 781.1 bp −$7,811 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 51 min ago | 47.26 bp | 120.6 bp −$121 | 295.6 bp −$2,956 | doesn't fit | doesn't fit |
STONK on 9 exchanges
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 | +0.0332% | 4h | 0.3362 | +0.110% | $483K | $1.9M | 10x | as long as short |
| Aster STONKUSDT | +0.1425% | 1h | 0.3364 | +0.179% | $502K | $1.2M | 10x | as long as short |
| Phoenix STONKshort | +0.1646% | 1h | 0.3361 | +0.089% | $211K | $134K | 3x | |
| Lighter STONK | +0.2736% | 1h | 0.3373 | +0.456% | $363K | $548K | 5x | as long as short |
| MEXC STONK_USDT | +0.3340% | 4h | 0.3364 | +0.185% | $831K | $970K | 20x | as long as short |
| Gate STONK_USDT | +0.4138% | 4h | 0.3374 | +0.468% | $1.0M | $2.3M | 10x | as long as short |
| BingX STONK-USDTlong | +0.4760% | 4h | 0.3358 | long leg | — | $896K | — | |
| Bybit STONKUSDT | +0.4810% | 4h | 0.3364 | +0.179% | $1.9M | $6.0M | 5x | as long as short |
| BloFin STONK-USDT | +0.6929% | 4h | 0.3336 | −0.655% | $92K | $164K | 5x | as long as short |
Bitget STONKUSDT
Aster STONKUSDT
Lighter STONK
MEXC STONK_USDT
Gate STONK_USDT
Bybit STONKUSDT
BloFin STONK-USDT