Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against Binance−0.065%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.065%, 7d avg −0.005%

Together, before fees+0.209%+$21 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: BingX is 0.061% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003407	0.0100	pay 0.0050% / 4h	3h 16m	$15.5M	$52.9M	75x
Short	BingX 1000BONK-USDC	0.000003405	0.0100	get 0.0050% / 4h	3h 16m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.005%: −$6.07
Slippage, 4 orders: −$55.45
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$81.51
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; BingX: 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 Binance live order book, 11 min ago	2.95 bp	11.7 bp −$12	29.3 bp −$293	257.8 bp −$25.8K	doesn't fit
Sell BingX live order book, 4 min ago	4.43 bp	27.9 bp −$28	74.5 bp −$745	413.6 bp −$41.4K	684.3 bp −$342.1K

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
Coinbase International 1000BONK-PERP-INTX	−0.0376%	1h	0.000003371	−1.063%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003390	−0.506%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0043%	4h	0.000003402	−0.153%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003402	−0.145%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003392	−0.434%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.910%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003401	−0.169%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003402	−0.139%	$18K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003402	−0.167%	$65K	$262K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003397	−0.300%	$115K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003407	long leg	$15.5M	$52.9M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003409	+0.061%	$10.7M	$17.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003408	+0.023%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003405	−0.065%	$734K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003403	−0.124%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003406	−0.045%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003416	+0.257%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDCshort	+0.0100%	4h	0.000003405	−0.065%	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003401	−0.184%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003385	−0.652%	$57K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003414	+0.199%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003408	+0.023%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003401	−0.183%	$94K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003413	+0.162%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003404	−0.095%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.952%	$568	—	100x	as long as short
Lighter 1000BONK	+0.0312%	1h	0.000003412	+0.140%	$323K	$442K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0338%	1h	0.000003409	+0.052%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0611%	1h	0.000003412	+0.140%	$9.7M	$7.4M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0632%	1h	0.000003406	−0.036%	$2K	$110K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1459%	1h	0.000003415	+0.220%	$213K	$165K	50x	as long as short