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

STONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0395%/8h= +43.2% APRnext payment +$1.97 per $10,000 · paid last 24h +0.143%
Price spread now: Gate against Bybit+0.085%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2822.816% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.537%−$54 on $10k
Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.085%, 7d avg +0.053%
Together, before fees−0.493%−$49 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Gate is 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.053%. Mind the row above: over the last 4 days funding on this pair cost −0.537%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit STONKUSDT0.36280.1183pay 0.0592% / 4h1h 14m$1.5M$7.0M5x
ShortGate STONK_USDT0.36310.1578get 0.0789% / 4h1h 14m$853K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$82.94
Price spread: +0.085% → +0.053%
$3.2
Slippage, 4 orders
−$255.58
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$195.44
Costs to cover
2.816%
Break-even
23.5 days
Slippage from Bybit: live order book, 3 min ago; Gate: 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 ago8.22 bp58.5 bp −$59346.5 bp −$3,465doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago13.55 bp89.6 bp −$90doesn'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
MEXC STONK_USDT+0.0100%4h0.3629+0.019%$821K$1.1M20xas long as short
Bitget STONKUSDT+0.0100%4h0.3632+0.119%$318K$2.8M10xas long as short
BingX STONK-USDT+0.1182%4h0.3632+0.110%$952Kas long as short
Bybit STONKUSDTlong+0.1183%4h0.3628long leg$1.5M$7.0M5x
BloFin STONK-USDT+0.1509%4h0.3629+0.028%$89K$235K5xas long as short
Phoenix STONK+0.1531%1h0.3649+0.579%$191K$231K3xas long as short
Gate STONK_USDTshort+0.1578%4h0.3631+0.085%$853K$1.7M10x
Aster STONKUSDT+0.2235%1h0.3634+0.158%$479K$1.1M10xas long as short
Lighter STONK+0.5624%1h0.3649+0.568%$427K$632K5xas long as short