Funding you earn now, next payment 05:00 UTC+0.0845%/8h= +92.6% APRpaid last 24h −0.186%
Price spread now: Bybit against Phoenix−0.031%96s7-day average +0.107% · 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—prices read too far apart to compare
costs, in and out, $10k−$3823.817% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.031%, 7d avg +0.107%
=Funding pays, the price is against you. Bybit is 0.137% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.107%). If the spread goes back, that is −$14 on $10k: about 13 hours of funding at the current rate (+$25 a day). The two prices were read 96 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 -0.010% in total (about -0.9% 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 | 0.3267 | 0.1073 | pay 0.0134% / 1h | 57m 43s | $206K | $128K | 3x |
| Short | Bybit STONKUSDT | 0.3266 | 0.1918 | get 0.0959% / 4h | 1h 57m | $1.5M | $6.4M | 5x |
Phoenix STONK
Bybit STONKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $177.51
- Price spread: −0.031% → +0.107%
- −$13.72
- Slippage, 4 orders
- −$363.72
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$217.93
- Costs to cover
- 3.817%
- Break-even
- 15.6 days
Slippage from Phoenix: live order book, 44 min ago; Bybit: live order book, 5 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, 44 min ago | 47.08 bp | 142.3 bp −$142 | 370.2 bp −$3,702 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 9.18 bp | 50.5 bp −$50 | 273.4 bp −$2,734 | 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 | +0.0032% | 1h | 0.3276 | +0.275% | $337K | $524K | 5x | as long as short |
| MEXC STONK_USDT | +0.0100% | 4h | 0.3261 | −0.181% | $688K | $1.0M | 20x | as long as short |
| Bitget STONKUSDT | +0.0100% | 4h | 0.3264 | −0.098% | $388K | $2.2M | 10x | as long as short |
| Phoenix STONKlong | +0.1073% | 1h | 0.3267 | long leg | $206K | $128K | 3x | |
| BingX STONK-USDT | +0.1840% | 4h | 0.3269 | +0.061% | — | $918K | — | as long as short |
| Bybit STONKUSDTshort | +0.1918% | 4h | 0.3266 | −0.031% | $1.5M | $6.4M | 5x | |
| BloFin STONK-USDT | +0.2180% | 4h | 0.3263 | −0.122% | $90K | $188K | 5x | as long as short |
| Aster STONKUSDT | +0.2966% | 1h | 0.3278 | +0.327% | $456K | $1.1M | 10x | as long as short |
| Gate STONK_USDT | +0.4642% | 4h | 0.3281 | +0.422% | $941K | $2.1M | 10x | as long as short |
Lighter STONK
MEXC STONK_USDT
Bitget STONKUSDT
BingX STONK-USDT
BloFin STONK-USDT
Aster STONKUSDT
Gate STONK_USDT