Funding you earn now, next payment 20:00 UTC+0.1909%/8h= +209.0% APRpaid last 24h −0.117%
Price spread now: BloFin against Phoenix+0.116%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$344as in the Price arb table
costs, in and out, $10k−$3433.431% of the position
Funding, last 3 days (all we have)−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)−1.954%−$195 · spread now +0.116%, 7d avg +0.123%
=The price spread sits at its 7-day average of +0.123%, so right now this pair is about funding alone: +$57 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.011% in total (about -1.2% 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 | 0.3786 | 0.1179 | pay 0.0147% / 1h | 32m 33s | $196K | $233K | 3x |
| Short | BloFin STONK-USDT | 0.3790 | 0.3088 | get 0.1544% / 4h | 3h 32m | $90K | $239K | 5x |
Phoenix STONK
BloFin STONK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $400.79
- Price spread: +0.116% → +0.123%
- −$0.65
- Slippage, 4 orders
- −$324.15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $56.99
- Costs to cover
- 3.431%
- Break-even
- 6.0 days
Slippage from Phoenix: live order book, 12 min ago; BloFin: live order book, 11 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, 12 min ago | 15.46 bp | 108.7 bp −$109 | 332.1 bp −$3,321 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 10.84 bp | 55.1 bp −$55 | 103.5 bp −$1,035 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget STONKUSDT | +0.0100% | 4h | 0.3805 | +0.526% | $323K | $2.7M | 10x | as long as short |
| Phoenix STONKlong | +0.1179% | 1h | 0.3786 | long leg | $196K | $233K | 3x | |
| Bybit STONKUSDT | +0.1563% | 4h | 0.3809 | +0.618% | $1.5M | $7.0M | 5x | as long as short |
| BingX STONK-USDT | +0.1778% | 4h | 0.3802 | +0.433% | — | $946K | — | as long as short |
| Lighter STONK | +0.2056% | 1h | 0.3811 | +0.668% | $406K | $648K | 5x | as long as short |
| Gate STONK_USDT | +0.2444% | 4h | 0.3814 | +0.742% | $901K | $1.6M | 10x | as long as short |
| MEXC STONK_USDT | +0.2852% | 4h | 0.3800 | +0.380% | $857K | $1.1M | 20x | as long as short |
| BloFin STONK-USDTshort | +0.3088% | 4h | 0.3790 | +0.116% | $90K | $239K | 5x | |
| Aster STONKUSDT | +0.3764% | 1h | 0.3813 | +0.724% | $500K | $1.2M | 10x | as long as short |
Bitget STONKUSDT
Bybit STONKUSDT
BingX STONK-USDT
Lighter STONK
Gate STONK_USDT
MEXC STONK_USDT
Aster STONKUSDT