Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against Binance−0.028%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days−0.035%−$3 · spread now −0.028%, 7d avg +0.011%

Together, before fees+0.070%+$7 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: KuCoin is 0.039% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003496	0.0100	pay 0.0050% / 4h	3h 51m	$16.9M	$60.8M	75x
Short	KuCoin 1000BONKUSDTM	0.000003495	0.0100	get 0.0050% / 4h	3h 51m	$2.6M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.011%: −$3.91
Slippage, 4 orders: −$51.55
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$77.46
Costs to cover: 0.736%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 2 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, 6 min ago	1.44 bp	11.3 bp −$11	25.5 bp −$255	209.1 bp −$20.9K	doesn't fit
Sell KuCoin live order book, 2 min ago	2.87 bp	25.5 bp −$25	61.9 bp −$619	doesn't fit	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	0.000003489	−0.214%	$44K	$37K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	−0.185%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003495	−0.053%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.363%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0078%	4h	0.000003498	+0.044%	$988K	$16.0M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0080%	4h	0.000003498	+0.044%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003491	−0.158%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003502	+0.158%	$235K	$678K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003491	−0.142%	$36K	$102K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003505	+0.244%	$81K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003490	−0.185%	$116K	$108K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003496	long leg	$16.9M	$60.8M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003495	−0.051%	$11.4M	$19.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003501	+0.130%	$2.6M	$9.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003500	+0.101%	$864K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003494	−0.071%	$9.2M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003495	−0.028%	$2.6M	$9.8M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003500	+0.101%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003500	+0.101%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003493	−0.102%	$322K	$138K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003485	−0.328%	$59K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003502	+0.158%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003498	+0.044%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003501	+0.130%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003501	+0.115%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003499	+0.072%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.199%	$584	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0607%	1h	0.000003502	+0.158%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0746%	1h	0.000003502	+0.158%	$10.3M	$4.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1100%	1h	0.000003501	+0.130%	$32K	$8K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2397%	1h	0.000003504	+0.202%	$223K	$178K	50x	as long as short