BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against Binance−0.092%101s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7as 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−$460.456% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.381%+$38 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now −0.092%, 7d avg +0.001%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.093% cheaper against Binance than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of +0.001%). If the spread goes back, that is −$9 on $10k: about 27 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.381% in total) that is about 41 hours. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003459	0.0100	pay 0.0050% / 4h	3h 57m	$16.7M	$60.5M	75x
Short	BloFin 1000BONK-USDT	0.000003456	0.0112	get 0.0056% / 4h	3h 57m	$972K	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.092%Rate

Funding earned: $2.42
Price spread: −0.092% → +0.001%: −$9.27
Slippage, 4 orders: −$23.56
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$52.41
Costs to cover: 0.456%
Break-even: 158.5 days

Slippage from Binance: live order book, 15 min ago; BloFin: live order book, 6 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, 15 min ago	1.45 bp	13.0 bp −$13	27.6 bp −$276	244.1 bp −$24.4K	doesn't fit
Sell BloFin live order book, 6 min ago	1.45 bp	10.7 bp −$11	25.3 bp −$253	86.5 bp −$8,649	doesn't fit

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	−0.0312%	1h	0.000003457	−0.063%	$43K	$36K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003463	+0.122%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003456	−0.103%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.353%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0079%	4h	0.000003459	−0.005%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003460	+0.036%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003469	+0.284%	$226K	$671K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003462	+0.087%	$80K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003463	+0.110%	$115K	$108K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003459	long leg	$16.7M	$60.5M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003461	+0.064%	$11.3M	$19.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003462	+0.082%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003461	+0.053%	$839K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003465	+0.168%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003463	+0.125%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003460	+0.024%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003464	+0.139%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003464	+0.136%	$316K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003461	+0.053%	$58K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003461	+0.067%	$34K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003465	+0.168%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003462	+0.082%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003464	+0.139%	$98K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003459	−0.019%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003459	−0.005%	$4K	—	3x	as long as short
BloFin 1000BONK-USDTshort	+0.0112%	4h	0.000003456	−0.092%	$972K	$15.8M	75x
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.274%	$577	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0275%	1h	0.000003467	+0.226%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0476%	1h	0.000003468	+0.255%	$10.2M	$4.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0906%	1h	0.000003463	+0.110%	$6K	$123K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2417%	1h	0.000003474	+0.436%	$224K	$177K	50x	as long as short