Funding you earn now, next payment 01:00 UTC−0.2147%/8h= −235.1% APRpaid last 24h +0.075%
Price spread now: Gate against Phoenix−0.194%92s7-day average +0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$556as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4784.783% of the position
Funding, last 7 days−0.781%−$78 on $10k
+Price spread, last 4 days (all we have)+1.663%+$166 · spread now −0.194%, 7d avg +0.130%
=Both sides work against this trade now: funding costs −$64 a day on $10k at the current rate, and Gate is 0.324% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.130%). Swap the legs. The two prices were read 92 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 7 days it paid -0.781% in total (about -40.7% 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 | 0.3655 | 0.1557 | pay 0.0195% / 1h | 21m 54s | $205K | $249K | 3x |
| Short | Gate STONK_USDT | 0.3648 | −0.0590 | pay 0.0295% / 4h | 2h 21m | $890K | $1.8M | 10x |
Phoenix STONK
Gate STONK_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$450.79
- Price spread: −0.194% → +0.130%
- −$32.43
- Slippage, 4 orders
- −$456.29
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$961.52
- Costs to cover
- 4.783%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 41 min ago; Gate: live order book, 1 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, 41 min ago | 47.61 bp | 132.4 bp −$132 | 352.2 bp −$3,522 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 13.10 bp | 112.5 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
STONK on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate STONK_USDTshort | −0.0590% | 4h | 0.3648 | −0.194% | $890K | $1.8M | 10x | |
| Bitget STONKUSDT | +0.0100% | 4h | 0.3656 | +0.022% | $367K | $2.6M | 10x | as long as short |
| Bybit STONKUSDT | +0.0372% | 4h | 0.3653 | −0.055% | $1.7M | $6.8M | 5x | as long as short |
| BingX STONK-USDT | +0.1446% | 4h | 0.3655 | 0.000% | — | $922K | — | as long as short |
| Phoenix STONKlong | +0.1557% | 1h | 0.3655 | long leg | $205K | $249K | 3x | |
| Aster STONKUSDT | +0.2534% | 1h | 0.3655 | 0.000% | $501K | $1.1M | 10x | as long as short |
| MEXC STONK_USDT | +0.3374% | 4h | 0.3656 | +0.025% | $857K | $1.1M | 20x | as long as short |
| Lighter STONK | +0.3904% | 1h | 0.3666 | +0.304% | $437K | $585K | 5x | as long as short |
Bitget STONKUSDT
Bybit STONKUSDT
BingX STONK-USDT
Aster STONKUSDT
MEXC STONK_USDT
Lighter STONK