Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: MEXC against Aster−0.130%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.130%, 7d avg −0.021%

Together, before fees+0.035%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.110% cheaper against Aster than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003368	0.0100	pay 0.0050% / 4h	2h 33m	$67K	$252K	10x
Short	MEXC 1000BONK_USDT	0.000003364	0.0100	get 0.0050% / 4h	2h 33m	$9.9M	$6.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee MEXCbpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.021%: −$10.95
Slippage, 4 orders: −$54.97
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$73.92
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from Aster: live order book, 52 min ago; MEXC: live order book, 4 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 Aster live order book, 52 min ago	8.84 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.48 bp	4.5 bp −$4	10.2 bp −$102	45.4 bp −$4,540	124.9 bp −$62.5K

BONK on 31 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
Deribit 1000BONK_USDC-PERPETUAL	−0.0344%	1h	0.000003362	−0.190%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003359	−0.279%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003369	+0.018%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0039%	4h	0.000003365	−0.101%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003365	−0.113%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003372	+0.098%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.802%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003362	−0.179%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003365	−0.101%	$198K	$288K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003364	−0.115%	$20K	$103K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003368	long leg	$67K	$252K	10x
Pacifica kBONK	+0.0100%	1h	0.000003370	+0.048%	$116K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003363	−0.152%	$15.2M	$49.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003365	−0.110%	$10.2M	$16.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003365	−0.101%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003362	−0.190%	$740K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003364	−0.130%	$9.9M	$6.5M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003364	−0.127%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003362	−0.190%	$4.2M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003362	−0.190%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003363	−0.160%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003371	+0.089%	$303K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003377	+0.256%	$57K	$693K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003376	+0.226%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003363	−0.160%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003370	+0.048%	$79K	$118K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003363	−0.156%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003365	−0.101%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.937%	$562	—	100x	as long as short
Hyperliquid kBONK	+0.0724%	1h	0.000003370	+0.048%	$9.9M	$7.0M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1140%	1h	0.000003369	+0.028%	$205K	$158K	50x	as long as short