Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

STONK

all STONK markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.8359%/8h= +915.3% APRpaid last 24h +0.090%
Price spread now: Gate against Phoenix+0.369%7-day average +0.127% · you sell dearer than you buy
Net, funding: paid 7d − costs−$530as in the Funding arb table
Net, price: spread back to 7d avg − costs−$429as in the Price arb table
costs, in and out, $10k−$4534.528% of the position
Long on PhoenixShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.773%−$77 on $10k
Price spread, last 3 days (all we have)−0.215%−$22 · spread now +0.369%, 7d avg +0.127%
Together, before fees−0.988%−$99 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$251 a day on $10k at the current rate, and Gate is 0.242% dearer against Phoenix than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.127%. Mind the row above: over the last 7 days funding on this pair cost −0.773%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.773% in total (about -40.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix STONK0.37680.2129pay 0.0266% / 1h33m 15s$208K$244K3x
ShortGate STONK_USDT0.37821.0488get 0.5244% / 4h3h 33m$952K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Phoenix. 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
$1,755.44
Price spread: +0.369% → +0.127%
$24.22
Slippage, 4 orders
−$430.84
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$1,326.82
Costs to cover
4.528%
Break-even
1.7 days
Slippage from Phoenix: live order book, 34 min ago; Gate: live order book, 4 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 Phoenix live order book, 34 min ago46.91 bp142.0 bp −$142369.1 bp −$3,691doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago11.83 bp109.2 bp −$109doesn't fitdoesn'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
Bitget STONKUSDT+0.0326%4h0.3748−0.541%$365K$2.8M10xas long as short
MEXC STONK_USDT+0.1288%4h0.3751−0.467%$876K$1.1M20xas long as short
Phoenix STONKlong+0.2129%1h0.3768long leg$208K$244K3x
Bybit STONKUSDT+0.2827%4h0.3755−0.350%$1.7M$7.1M5xas long as short
BingX STONK-USDT+0.4552%4h0.3756−0.324%—$938K—as long as short
BloFin STONK-USDT+0.6028%4h0.3757−0.297%$90K$243K5xas long as short
Lighter STONK+0.7776%1h0.3775+0.194%$451K$582K5xas long as short
Aster STONKUSDT+0.8171%1h0.3773+0.127%$509K$1.1M10xas long as short
Gate STONK_USDTshort+1.0488%4h0.3782+0.369%$952K$1.7M10x