Funding you earn now, next payment 23:00 UTC+0.0801%/8h= +87.7% APRpaid last 24h −0.182%
Price spread now: Bybit against Phoenix−0.667%7-day average +0.108% · 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−$436as in the Price arb table
costs, in and out, $10k−$3593.587% of the position
Funding, last 4 days (all we have)−0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.913%+$91 · spread now −0.667%, 7d avg +0.108%
=Funding pays, the price is against you. Bybit is 0.776% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.667% now, against its 7-day average of +0.108%). If the spread goes back, that is −$78 on $10k: about 3.2 days of funding at the current rate (+$24 a day).
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.003% in total (about -0.3% 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 | 0.3596 | 0.1347 | pay 0.0168% / 1h | 22m 51s | $194K | $238K | 3x |
| Short | Bybit STONKUSDT | 0.3572 | 0.2147 | get 0.1074% / 4h | 22m 51s | $1.5M | $7.0M | 5x |
Phoenix STONK
Bybit STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $168.17
- Price spread: −0.667% → +0.108%
- −$77.59
- Slippage, 4 orders
- −$340.71
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$268.12
- Costs to cover
- 3.587%
- Break-even
- 18.2 days
Slippage from Phoenix: live order book, 50 min ago; Bybit: live order book, 5 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, 50 min ago | 9.81 bp | 103.2 bp −$103 | 326.4 bp −$3,264 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.97 bp | 39.9 bp −$40 | 168.9 bp −$1,689 | 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 | +0.0408% | 4h | 0.3578 | −0.506% | $315K | $2.8M | 10x | as long as short |
| MEXC STONK_USDT | +0.0414% | 4h | 0.3576 | −0.551% | $810K | $1.1M | 20x | as long as short |
| Phoenix STONKlong | +0.1347% | 1h | 0.3596 | long leg | $194K | $238K | 3x | |
| Gate STONK_USDT | +0.2086% | 4h | 0.3594 | −0.067% | $872K | $1.7M | 10x | as long as short |
| Bybit STONKUSDTshort | +0.2147% | 4h | 0.3572 | −0.667% | $1.5M | $7.0M | 5x | |
| BingX STONK-USDT | +0.2722% | 4h | 0.3570 | −0.723% | — | $946K | — | as long as short |
| BloFin STONK-USDT | +0.2872% | 4h | 0.3569 | −0.751% | $90K | $231K | 5x | as long as short |
| Aster STONKUSDT | +0.6182% | 1h | 0.3582 | −0.389% | $482K | $1.1M | 10x | as long as short |
| Lighter STONK | +0.7352% | 1h | 0.3584 | −0.348% | $420K | $604K | 5x | as long as short |
Bitget STONKUSDT
MEXC STONK_USDT
Gate STONK_USDT
BingX STONK-USDT
BloFin STONK-USDT
Aster STONKUSDT
Lighter STONK