Funding arb · Price arb /

STONK

all STONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1643%/8h= −179.9% APRpaid last 24h +0.455%

Price spread now: Lighter against BloFin+0.372%90s7-day average +0.258% · 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−$4974.966% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.302%+$30 on $10k

Price spread, last 4 days (all we have)+0.446%+$45 · spread now +0.372%, 7d avg +0.258%

Together, before fees+0.749%+ Points / potential airdropLighter: Season 3 · farm board+$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.114% dearer against BloFin than usual: you sell high and buy low (spread +0.372% now, against its 7-day average of +0.258%): +$11 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 4 days funding on this pair paid +0.302%, so the current rate has only just turned against you. The two prices were read 90 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 0.302% in total (about 27.9% 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	BloFin STONK-USDT	0.3362	0.3795	pay 0.1897% / 4h	1h 03m	$93K	$165K	5x
Short	Lighter STONK	0.3375	0.2152	get 0.0269% / 1h	3m 48s	$366K	$553K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee LighterbpOrdersPrice spread, now +0.372%Rate

Funding earned: −$344.94
Price spread: +0.372% → +0.258%: $11.41
Slippage, 4 orders: −$484.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$830.14
Costs to cover: 4.966%
Break-even: never at this rate

Slippage from BloFin: live order book, 33 min ago; Lighter: live order book, 34 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 BloFin live order book, 33 min ago	10.35 bp	58.1 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 34 min ago	30.68 bp	173.4 bp −$173	doesn't fit	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	+0.0100%	4h	0.3363	+0.018%	$479K	$1.9M	10x	as long as short
MEXC STONK_USDT	+0.1050%	4h	0.3359	−0.095%	$840K	$991K	20x	as long as short
Phoenix STONK	+0.1390%	1h	0.3346	−0.476%	$210K	$134K	3x	as long as short
Aster STONKUSDT	+0.1722%	1h	0.3360	−0.059%	$477K	$1.2M	10x	as long as short
Lighter STONKshort	+0.2152%	1h	0.3375	+0.372%	$366K	$553K	5x
BingX STONK-USDT	+0.2530%	4h	0.3361	−0.030%	—	$901K	—	as long as short
Bybit STONKUSDT	+0.2560%	4h	0.3360	−0.059%	$1.9M	$6.0M	5x	as long as short
Gate STONK_USDT	+0.3158%	4h	0.3371	+0.259%	$1.0M	$2.3M	10x	as long as short
BloFin STONK-USDTlong	+0.3795%	4h	0.3362	long leg	$93K	$165K	5x