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Funding arb · Price arb /

STONK

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 12:00 UTC+1.0771%/8h= +1179.4% APRnext payment +$53.85 per $10,000 · paid last 24h +0.059%
Price spread now: Bybit against Bitget+0.235%7-day average −0.043% · 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−$224as in the Price arb table
costs, in and out, $10k−$2522.522% of the position
Long on BitgetShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.409%+$41 on $10k
Price spread, last 4 days (all we have)−0.837%−$84 · spread now +0.235%, 7d avg −0.043%
Together, before fees−0.428%−$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$323 a day on $10k at the current rate, and Bybit is 0.279% dearer against Bitget than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.043%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.409% in total (about 37.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$53.85 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 STONKUSDT0.33560.0138pay 0.0069% / 4h3h 55m$482K$2.0M10x
ShortBybit STONKUSDT0.33641.0909get 0.5454% / 4h3h 55m$1.8M$6.1M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$2,261.83
Price spread: +0.235% → −0.043%
$27.88
Slippage, 4 orders
−$229.19
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$2,037.52
Costs to cover
2.522%
Break-even
0.7 days
Slippage from Bitget: live order book, 1 min ago; Bybit: 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, 1 min ago3.88 bp56.3 bp −$56doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago5.93 bp49.0 bp −$49398.2 bp −$3,982doesn'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+0.0138%4h0.3356long leg$482K$2.0M10x
MEXC STONK_USDT+0.1360%4h0.3356+0.006%$801K$982K20xas long as short
Phoenix STONK+0.1683%1h0.3360+0.113%$212K$137K3xas long as short
Aster STONKUSDT+0.2698%1h0.3357+0.027%$496K$1.2M10xas long as short
Lighter STONK+0.3448%1h0.3366+0.301%$356K$535K5xas long as short
BloFin STONK-USDT+0.6741%4h0.3377+0.623%$91K$204K5xas long as short
Gate STONK_USDT+0.7524%4h0.3369+0.396%$987K$2.2M10xas long as short
Bybit STONKUSDTshort+1.0909%4h0.3364+0.235%$1.8M$6.1M5x
BingX STONK-USDT+1.8242%4h0.3364+0.235%—$919K—as long as short