Funding you earn now, next payment 06:00 UTC−0.2354%/8h= −257.8% APRpaid last 24h +0.096%
Price spread now: Phoenix against BloFin−0.012%7-day average −0.115% · 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−$359as in the Price arb table
costs, in and out, $10k−$3703.698% of the position
Funding, last 4 days (all we have)+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)+0.255%+$25 · spread now −0.012%, 7d avg −0.115%
=The price spread pays, funding is against you. Phoenix is 0.103% dearer against BloFin than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.115%): +$10 on $10k if it goes back. Holding the pair costs −$71 a day in funding at the current rate, which eats that in about 4 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.027% in total (about 2.6% 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 | BloFin STONK-USDT | 0.3329 | 0.4095 | pay 0.2048% / 4h | 59m 32s | $91K | $196K | 5x |
| Short | Phoenix STONK | 0.3329 | 0.1741 | get 0.0218% / 1h | 59m 32s | $210K | $135K | 3x |
BloFin STONK-USDT
Phoenix STONKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- −$494.41
- Price spread: −0.012% → −0.115%
- $10.34
- Slippage, 4 orders
- −$350.84
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$853.91
- Costs to cover
- 3.698%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; Phoenix: live order book, 37 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 BloFin live order book, 11 min ago | 4.49 bp | 53.3 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 37 min ago | 47.37 bp | 120.6 bp −$121 | 295.6 bp −$2,956 | 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 | +0.0302% | 4h | 0.3327 | −0.075% | $438K | $2.1M | 10x | as long as short |
| MEXC STONK_USDT | +0.0308% | 4h | 0.3326 | −0.102% | $808K | $995K | 20x | as long as short |
| Lighter STONK | +0.1704% | 1h | 0.3342 | +0.388% | $352K | $531K | 5x | as long as short |
| Phoenix STONKshort | +0.1741% | 1h | 0.3329 | −0.012% | $210K | $135K | 3x | |
| BingX STONK-USDT | +0.3116% | 4h | 0.3330 | +0.030% | — | $919K | — | as long as short |
| Bybit STONKUSDT | +0.3191% | 4h | 0.3325 | −0.120% | $1.5M | $6.1M | 5x | as long as short |
| BloFin STONK-USDTlong | +0.4095% | 4h | 0.3329 | long leg | $91K | $196K | 5x | |
| Aster STONKUSDT | +0.4203% | 1h | 0.3325 | −0.120% | $466K | $1.1M | 10x | as long as short |
| Gate STONK_USDT | +0.4562% | 4h | 0.3342 | +0.388% | $959K | $2.1M | 10x | as long as short |
Bitget STONKUSDT
MEXC STONK_USDT
Lighter STONK
BingX STONK-USDT
Bybit STONKUSDT
Aster STONKUSDT
Gate STONK_USDT