Funding you earn now, next payment 03:00 UTC−0.0736%/8h= −80.6% APRpaid last 24h −0.063%
Price spread now: BloFin against Phoenix−1.088%7-day average +0.111% · 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−$477as in the Price arb table
costs, in and out, $10k−$3573.569% of the position
Funding, last 4 days (all we have)−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −1.088%, 7d avg +0.111%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and BloFin is 1.199% cheaper against Phoenix than usual: you would sell low and buy high (−$120 if the spread goes back to its 7-day average of +0.111%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.001% in total (about -0.1% 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 | Phoenix STONK | 0.3548 | 0.1036 | pay 0.0130% / 1h | 16m 20s | $208K | $259K | 3x |
| Short | BloFin STONK-USDT | 0.3509 | 0.0300 | get 0.0150% / 4h | 16m 20s | — | $213K | 5x |
Phoenix STONK
BloFin STONK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phoenix. 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
- −$154.58
- Price spread: −1.088% → +0.111%
- −$119.9
- Slippage, 4 orders
- −$337.86
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$631.35
- Costs to cover
- 3.569%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 36 min ago; BloFin: live order book, 15 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 Phoenix live order book, 36 min ago | 47.51 bp | 144.0 bp −$144 | 374.3 bp −$3,743 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 1.38 bp | 37.6 bp −$38 | 193.4 bp −$1,934 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter STONK | +0.0072% | 1h | 0.3534 | −0.383% | $396K | $457K | 5x | as long as short |
| Bybit STONKUSDT | +0.0100% | 4h | 0.3522 | −0.722% | $1.6M | $6.4M | 5x | as long as short |
| MEXC STONK_USDT | +0.0100% | 4h | 0.3519 | −0.795% | $832K | $1.0M | 20x | as long as short |
| Bitget STONKUSDT | +0.0100% | 4h | 0.3519 | −0.792% | $397K | $2.2M | 10x | as long as short |
| BloFin STONK-USDTshort | +0.0300% | 4h | 0.3509 | −1.088% | — | $213K | 5x | |
| Phoenix STONKlong | +0.1036% | 1h | 0.3548 | long leg | $208K | $259K | 3x | |
| Gate STONK_USDT | +0.1114% | 4h | 0.3528 | −0.538% | $908K | $1.9M | 10x | as long as short |
| BingX STONK-USDT | +0.1394% | 4h | 0.3525 | −0.637% | — | $914K | — | as long as short |
| Aster STONKUSDT | +0.1614% | 1h | 0.3542 | −0.150% | $496K | $1.0M | 10x | as long as short |
Lighter STONK
Bybit STONKUSDT
MEXC STONK_USDT
Bitget STONKUSDT
Gate STONK_USDT
BingX STONK-USDT
Aster STONKUSDT