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

STONK

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.9577%/8h= +1048.7% APRnext payment +$47.89 per $10,000 · paid last 24h +0.364%
Price spread now: BloFin against Bitget−0.173%65s7-day average +0.029% · you buy dearer than you sell
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−$2532.532% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.513%+$51 on $10k
Price spread, last 4 days (all we have)−1.440%−$144 · spread now −0.173%, 7d avg +0.029%
Together, before fees−0.927%−$93 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.202% cheaper against Bitget than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of +0.029%). If the spread goes back, that is −$20 on $10k: about 2 hours of funding at the current rate (+$287 a day). At the pace of the last 4 days (+0.513% in total) that is about 37 hours. The two prices were read 65 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 0.513% in total (about 48.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$47.89 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
LongBitget STONKUSDT0.34050.0660pay 0.0330% / 4h2h 58m$482K$1.9M10x
ShortBloFin STONK-USDT0.33991.0237get 0.5119% / 4h2h 58m$91K$194K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$2,011.27
Price spread: −0.173% → +0.029%
−$20.21
Slippage, 4 orders
−$229.16
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
$1,737.9
Costs to cover
2.532%
Break-even
1.0 days
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 2 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 Bitget live order book, 4 min ago20.06 bp54.5 bp −$55doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago8.77 bp63.5 bp −$63doesn'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 STONKUSDTlong+0.0660%4h0.3405long leg$482K$1.9M10x
Phoenix STONK+0.1299%1h0.3397−0.238%$216K$134K3xas long as short
Aster STONKUSDT+0.2166%1h0.3400−0.144%$504K$1.2M10xas long as short
Lighter STONK+0.5640%1h0.3410+0.153%$364K$544K5xas long as short
Gate STONK_USDT+0.7854%4h0.3400−0.135%$1.0M$2.2M10xas long as short
BingX STONK-USDT+0.8062%4h0.3405+0.003%$903Kas long as short
Bybit STONKUSDT+0.8717%4h0.3409+0.120%$1.9M$6.0M5xas long as short
MEXC STONK_USDT+0.9364%4h0.3407+0.050%$843K$969K20xas long as short
BloFin STONK-USDTshort+1.0237%4h0.3399−0.173%$91K$194K5x