Settings8H · net · $10k
Funding arb · Price arb /

STONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.1116%/8h= +122.2% APRnext payment +$5.58 per $10,000 · paid last 24h +0.137%
Price spread now: BloFin against Bitget+1.034%75s7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1481.481% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.322%+$32 on $10k
Price spread, last 4 days (all we have)−1.749%−$175 · spread now +1.034%, 7d avg +0.020%
Together, before fees−1.427%−$143 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and BloFin is 1.014% dearer against Bitget than usual: you sell high and buy low: +$101 more if the spread goes back to its 7-day average of +0.020%. The two prices were read 75 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 0.322% in total (about 31.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget STONKUSDT0.33190.0100pay 0.0050% / 4h3h 24m$386K$2.3M10x
ShortBloFin STONK-USDT0.33530.1216get 0.0608% / 4h3h 24m$91K$202K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$234.41
Price spread: +1.034% → +0.020%
$101.38
Slippage, 4 orders
−$124.11
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$187.68
Costs to cover
1.481%
Break-even
1.4 days
Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 67 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago8.81 bp15.9 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 67 min ago1.38 bp37.6 bp −$38193.4 bp −$1,934doesn't fitdoesn't fit

STONK on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC STONK_USDT+0.0100%4h0.3321+0.072%$694K$1.0M20xas long as short
Bitget STONKUSDTlong+0.0100%4h0.3319long leg$386K$2.3M10x
Lighter STONK+0.0288%1h0.3322+0.105%$347K$502K5xas long as short
BingX STONK-USDT+0.0616%4h0.3325+0.190%$914Kas long as short
Bybit STONKUSDT+0.0861%4h0.3315−0.111%$1.5M$6.5M5xas long as short
BloFin STONK-USDTshort+0.1216%4h0.3353+1.034%$91K$202K5x
Phoenix STONK+0.1429%1h0.3383+1.925%$201K$266K3xas long as short
Gate STONK_USDT+0.2002%4h0.3331+0.356%$880K$2.0M10xas long as short
Aster STONKUSDT+0.3348%1h0.3312−0.195%$470K$1.0M10xas long as short