Funding you earn now, next payment 04:00 UTC+0.1397%/8h= +153.0% APRnext payment +$1.75 per $10,000 · paid last 24h −0.418%
Price spread now: Phoenix against Lighter−1.444%74s7-day average −0.394% · you buy dearer than you sell
Net, funding: paid 7d − costs−$766as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5775.771% of the position
Funding, last 7 days−1.890%−$189 on $10k
+Price spread, last 4 days (all we have)+0.901%+$90 · spread now −1.444%, 7d avg −0.394%
=Together, before fees−0.989%+ Points / potential airdropLighter: Season 3 · farm board−$99 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 1.050% cheaper against Lighter than usual: you would sell low and buy high (spread −1.444% now, against its 7-day average of −0.394%). If the spread goes back, that is −$105 on $10k: about 2.5 days of funding at the current rate (+$42 a day). Mind the row above: over the last 7 days funding on this pair cost −1.890%, so the current rate has only just turned in your favour. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter STONK | 0.3441 | 0.0032 | pay 0.0004% / 1h | 47m 51s | $364K | $489K | 5x |
| Short | Phoenix STONK | 0.3392 | 0.1429 | get 0.0179% / 1h | 47m 51s | $201K | $266K | 3x |
Lighter STONK
Phoenix STONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Lighter. 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
- $293.46
- Price spread: −1.444% → −0.394%
- −$105.03
- Slippage, 4 orders
- −$570.12
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$388.69
- Costs to cover
- 5.771%
- Break-even
- 16.3 days
Slippage from Lighter: live order book, 2 min ago; Phoenix: live order book, 65 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 Lighter live order book, 2 min ago | 20.95 bp | 164.6 bp −$165 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 65 min ago | 47.51 bp | 120.9 bp −$121 | 294.9 bp −$2,949 | doesn't fit | doesn't fit |
STONK on 9 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter STONKlong | +0.0032% | 1h | 0.3441 | long leg | $364K | $489K | 5x | |
| Bybit STONKUSDT | +0.0100% | 4h | 0.3446 | +0.139% | $1.5M | $6.5M | 5x | as long as short |
| MEXC STONK_USDT | +0.0100% | 4h | 0.3443 | +0.067% | $720K | $1.0M | 20x | as long as short |
| Bitget STONKUSDT | +0.0100% | 4h | 0.3451 | +0.288% | $415K | $2.3M | 10x | as long as short |
| BloFin STONK-USDT | +0.0370% | 4h | 0.3448 | +0.198% | $92K | $209K | 5x | as long as short |
| Gate STONK_USDT | +0.0412% | 4h | 0.3437 | −0.119% | $878K | $1.9M | 10x | as long as short |
| Phoenix STONKshort | +0.1429% | 1h | 0.3392 | −1.444% | $201K | $266K | 3x | |
| Aster STONKUSDT | +0.2266% | 1h | 0.3456 | +0.435% | $492K | $1.0M | 10x | as long as short |
| BingX STONK-USDT | +0.2858% | 4h | 0.3442 | +0.023% | — | $915K | — | as long as short |
Bybit STONKUSDT
MEXC STONK_USDT
Bitget STONKUSDT
BloFin STONK-USDT
Gate STONK_USDT
Aster STONKUSDT
BingX STONK-USDT