Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.029%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.029%, 7d avg −0.006%

Together, before fees+0.005%$0 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 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003480	0.0100	pay 0.0050% / 4h	3h 12m	$18.0M	$90.8M	75x
Short	MEXC 1000BONK_USDT	0.000003479	0.0100	get 0.0050% / 4h	3h 12m	$11.3M	$10.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.006%: −$2.24
Slippage, 4 orders: −$20.9
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.13
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; MEXC: 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 Binance live order book, 1 min ago	1.44 bp	8.7 bp −$9	22.5 bp −$225	159.0 bp −$15.9K	doesn't fit
Sell MEXC live order book, 1 min ago	1.44 bp	4.4 bp −$4	10.9 bp −$109	66.7 bp −$6,673	125.7 bp −$62.8K

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	−0.0024%	1h	0.000003430	−1.437%	$43K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003477	−0.078%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.920%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003473	−0.203%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003475	−0.144%	$66K	$140K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003480	0.000%	$48K	$295K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003477	−0.086%	$115K	$162K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003480	long leg	$18.0M	$90.8M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003479	−0.034%	$12.4M	$27.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003479	−0.029%	$3.0M	$15.2M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BONK_USDT	+0.0100%	4h	0.000003480	0.000%	$921K	$3.6M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003479	−0.029%	$11.3M	$10.7M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003480	+0.003%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003479	−0.029%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003480	0.000%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003484	+0.129%	$335K	$115K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003486	+0.172%	$59K	$698K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003479	−0.029%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003485	+0.144%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003480	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003483	+0.086%	$99K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003478	−0.068%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003478	−0.057%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0125%	4h	0.000003478	−0.057%	$1.0M	$19.9M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.793%	$531	—	100x	as long as short
Lighter 1000BONK	+0.0272%	1h	0.000003483	+0.086%	$245K	$773K	10x	as long as short
dYdX BONK-USD	+0.0282%	1h	0.000003475	−0.131%	$13K	$10K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0325%	1h	0.000003481	+0.029%	$24K	$162K	10x	as long as short
Hyperliquid kBONK	+0.0586%	1h	0.000003484	+0.115%	$11.9M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1617%	1h	0.000003486	+0.172%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2978%	1h	0.000003486	+0.183%	$177K	$273K	50x	as long as short