Funding you earn now, next payment 12:00 UTC−0.2163%/8h= −236.8% APRnext payment −$10.81 per $10,000 · paid last 24h −0.252%
Price spread now: Bitget against Bybit−0.069%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$310as in the Price arb table
costs, in and out, $10k−$2992.993% of the position
Funding, last 4 days (all we have)−0.565%−$57 on $10k
+Price spread, last 4 days (all we have)+0.944%+$94 · spread now −0.069%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$65 a day on $10k at the current rate, and Bitget is 0.104% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.565% in total (about -49.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.81 per $10,000. 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 | Bybit STONKUSDT | 0.3338 | 0.2263 | pay 0.1131% / 4h | 47m 32s | $1.9M | $6.0M | 5x |
| Short | Bitget STONKUSDT | 0.3336 | 0.0100 | get 0.0050% / 4h | 47m 32s | $476K | $1.9M | 10x |
Bybit STONKUSDT
Bitget STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$454.18
- Price spread: −0.069% → +0.035%
- −$10.41
- Slippage, 4 orders
- −$276.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$763.9
- Costs to cover
- 2.993%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 2 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 Bybit live order book, 3 min ago | 5.99 bp | 101.9 bp −$102 | 720.2 bp −$7,202 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 12.59 bp | 61.4 bp −$61 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC STONK_USDT | −0.2678% | 4h | 0.3335 | −0.093% | $832K | $961K | 20x | as long as short |
| Bitget STONKUSDTshort | +0.0100% | 4h | 0.3336 | −0.069% | $476K | $1.9M | 10x | |
| Lighter STONK | +0.0296% | 1h | 0.3353 | +0.443% | $364K | $531K | 5x | as long as short |
| Aster STONKUSDT | +0.0409% | 1h | 0.3345 | +0.202% | $475K | $1.1M | 10x | as long as short |
| Phoenix STONK | +0.1281% | 1h | 0.3348 | +0.312% | $211K | $131K | 3x | as long as short |
| BingX STONK-USDT | +0.2162% | 4h | 0.3339 | +0.030% | — | $898K | — | as long as short |
| Bybit STONKUSDTlong | +0.2263% | 4h | 0.3338 | long leg | $1.9M | $6.0M | 5x | |
| Gate STONK_USDT | +0.3110% | 4h | 0.3342 | +0.135% | $1.0M | $2.2M | 10x | as long as short |
| BloFin STONK-USDT | +0.3169% | 4h | 0.3339 | +0.030% | $92K | $160K | 5x | as long as short |
MEXC STONK_USDT
Lighter STONK
Aster STONKUSDT
Phoenix STONK
BingX STONK-USDT
Gate STONK_USDT
BloFin STONK-USDT