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−0.1618%/8h= −177.2% APRnext payment $8.09 per $10,000 · paid last 24h +0.072%
Price spread now: BingX against Gate+0.027%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$405as in the Price arb table
costs, in and out, $10k−$3993.991% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.400%+$140 on $10k
Price spread, last 4 days (all we have)+0.130%+$13 · spread now +0.027%, 7d avg +0.083%
Together, before fees+1.530%+$153 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and BingX is 0.056% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.400%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate STONK_USDT0.33270.4780pay 0.2390% / 4h21m 33s$961K$2.1M10x
ShortBingX STONK-USDT0.33280.3162get 0.1581% / 4h21m 33s$913K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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
−$339.78
Price spread: +0.027% → +0.083%
−$5.62
Slippage, 4 orders
−$374.14
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$744.55
Costs to cover
3.991%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 38 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 Gate live order book, 1 min ago12.13 bp176.8 bp −$177doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 38 min ago10.51 bp40.7 bp −$41225.4 bp −$2,254doesn'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−0.1664%4h0.3321−0.192%$802K$1.0M20xas long as short
Bitget STONKUSDT+0.0184%4h0.3323−0.123%$449K$2.0M10xas long as short
Phoenix STONK+0.1683%1h0.3327−0.003%$209K$135K3xas long as short
Lighter STONK+0.2128%1h0.3342+0.436%$352K$532K5xas long as short
BingX STONK-USDTshort+0.3162%4h0.3328+0.027%$913K
Bybit STONKUSDT+0.3329%4h0.3322−0.153%$1.6M$6.0M5xas long as short
Aster STONKUSDT+0.3737%1h0.3325−0.063%$467K$1.1M10xas long as short
BloFin STONK-USDT+0.4287%4h0.3324−0.093%$91K$196K5xas long as short
Gate STONK_USDTlong+0.4780%4h0.3327long leg$961K$2.1M10x