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

STONK

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.2807%/8h= −307.4% APRnext payment $14.04 per $10,000 · paid last 24h −0.291%
Price spread now: BloFin against BingX+0.661%51s7-day average −0.091% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2052.048% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.974%−$97 on $10k
Price spread, last 4 days (all we have)−1.049%−$105 · spread now +0.661%, 7d avg −0.091%
Together, before fees−2.023%−$202 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.753% dearer against BingX than usual: you sell high and buy low (spread +0.661% now, against its 7-day average of −0.091%): +$75 on $10k if it goes back. Holding the pair costs −$84 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 4 days (−0.974% in total) that is about 2.9 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.974% in total (about -95.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $14.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX STONK-USDT0.33260.4320pay 0.2160% / 4h2h 30m$920K
ShortBloFin STONK-USDT0.33480.1513get 0.0756% / 4h2h 30m$91K$192K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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
−$589.51
Price spread: +0.661% → −0.091%
$75.28
Slippage, 4 orders
−$182.84
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$719.06
Costs to cover
2.048%
Break-even
never at this rate
Slippage from BingX: live order book, 59 min ago; BloFin: live order book, 50 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 BingX live order book, 59 min ago13.29 bp64.5 bp −$65330.2 bp −$3,302doesn't fitdoesn't fit
Sell BloFin live order book, 50 min ago6.04 bp50.9 bp −$51128.8 bp −$1,288doesn'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
Lighter STONK+0.0032%1h0.3329+0.102%$335K$515K5xas long as short
Bitget STONKUSDT+0.0100%4h0.3328+0.066%$388K$2.2M10xas long as short
Phoenix STONK+0.1073%1h0.3363+1.124%$205K$129K3xas long as short
Bybit STONKUSDT+0.1122%4h0.3327+0.030%$1.5M$6.5M5xas long as short
BloFin STONK-USDTshort+0.1513%4h0.3348+0.661%$91K$192K5x
BingX STONK-USDTlong+0.4320%4h0.3326long leg$920K
MEXC STONK_USDT+0.4370%4h0.3329+0.078%$708K$1.0M20xas long as short
Aster STONKUSDT+0.4704%1h0.3336+0.301%$486K$1.1M10xas long as short
Gate STONK_USDT+0.4884%4h0.3345+0.559%$927K$2.1M10xas long as short