Funding you earn now, next payment 01:00 UTC−0.1457%/8h= −159.5% APRpaid last 24h −0.159%
Price spread now: Bitget against Phoenix−0.206%7-day average +0.117% · 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−$359as in the Price arb table
costs, in and out, $10k−$3263.264% of the position
Funding, last 4 days (all we have)−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)+1.849%+$185 · spread now −0.206%, 7d avg +0.117%
=Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Bitget is 0.323% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.117%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.307% in total (about -29.9% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix STONK | 0.3733 | 0.1557 | pay 0.0195% / 1h | 59m 22s | $212K | $247K | 3x |
| Short | Bitget STONKUSDT | 0.3725 | 0.0100 | get 0.0050% / 4h | 1h 59m | $375K | $2.5M | 10x |
Phoenix STONK
Bitget STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phoenix. 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
- −$305.89
- Price spread: −0.206% → +0.117%
- −$32.34
- Slippage, 4 orders
- −$307.36
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$664.59
- Costs to cover
- 3.264%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 63 min ago; Bitget: live order book, 3 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 Phoenix live order book, 63 min ago | 47.61 bp | 132.4 bp −$132 | 352.2 bp −$3,522 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.56 bp | 38.1 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
STONK on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit STONKUSDT | +0.0100% | 4h | 0.3725 | −0.217% | $1.7M | $6.7M | 5x | as long as short |
| Gate STONK_USDT | +0.0100% | 4h | 0.3735 | +0.048% | $922K | $1.7M | 10x | as long as short |
| MEXC STONK_USDT | +0.0100% | 4h | 0.3728 | −0.150% | $875K | $1.0M | 20x | as long as short |
| Bitget STONKUSDTshort | +0.0100% | 4h | 0.3725 | −0.206% | $375K | $2.5M | 10x | |
| BingX STONK-USDT | +0.0100% | 4h | 0.3724 | −0.244% | — | $923K | — | as long as short |
| Aster STONKUSDT | +0.0848% | 1h | 0.3723 | −0.269% | $509K | $1.1M | 10x | as long as short |
| Phoenix STONKlong | +0.1557% | 1h | 0.3733 | long leg | $212K | $247K | 3x | |
| Lighter STONK | +0.4504% | 1h | 0.3746 | +0.343% | $448K | $532K | 5x | as long as short |
Bybit STONKUSDT
Gate STONK_USDT
MEXC STONK_USDT
BingX STONK-USDT
Aster STONKUSDT
Lighter STONK