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

STONK

all STONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.3959%/8h= +433.5% APRpaid last 24h +0.230%
Price spread now: Aster against Bybit+0.840%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$3273.272% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.123%+$12 on $10k
Price spread, last 4 days (all we have)−0.777%−$78 · spread now +0.840%, 7d avg −0.038%
Together, before fees−0.654%+ Points / potential airdropAster: Stage 5 · farm board−$65 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$119 a day on $10k at the current rate, and Aster is 0.878% dearer against Bybit than usual: you sell high and buy low: +$88 more if the spread goes back to its 7-day average of −0.038%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.123% in total (about 11.8% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit STONKUSDT0.35730.2206pay 0.1103% / 4h25m 07s$1.5M$7.0M5x
ShortAster STONKUSDT0.36030.6166get 0.0771% / 1h25m 07s$485K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
$831.46
Price spread: +0.840% → −0.038%
$87.79
Slippage, 4 orders
−$308.21
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
$592.05
Costs to cover
3.272%
Break-even
2.0 days
Slippage from Bybit: live order book, 3 min ago; Aster: live order book, 3 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 Bybit live order book, 3 min ago6.97 bp67.7 bp −$68373.4 bp −$3,734doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago11.07 bp106.4 bp −$106doesn't fitdoesn'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
Bitget STONKUSDT+0.0408%4h0.3579+0.176%$317K$2.8M10xas long as short
Phoenix STONK+0.1347%1h0.3596+0.644%$194K$238K3xas long as short
Gate STONK_USDT+0.2106%4h0.3593+0.565%$875K$1.7M10xas long as short
Bybit STONKUSDTlong+0.2206%4h0.3573long leg$1.5M$7.0M5x
BloFin STONK-USDT+0.2940%4h0.3590+0.476%$90K$233K5xas long as short
MEXC STONK_USDT+0.3014%4h0.3581+0.213%$821K$1.1M20xas long as short
BingX STONK-USDT+0.3027%4h0.3575+0.056%$947Kas long as short
Aster STONKUSDTshort+0.6166%1h0.3603+0.840%$485K$1.1M10x
Lighter STONK+0.7352%1h0.3592+0.523%$421K$604K5xas long as short