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 −0.004%

Price spread now: Bitget against BingX−0.179%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.185%+$19 · spread now −0.179%, 7d avg −0.012%

Together, before fees+0.166%+$17 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: Bitget is 0.167% cheaper against BingX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003352	0.0100	pay 0.0050% / 4h	2h 15m	—	$8.0M	—
Short	Bitget 1000BONKUSDT	0.000003346	0.0100	get 0.0050% / 4h	2h 15m	$4.2M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.012%: −$16.69
Slippage, 4 orders: −$40.78
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$79.47
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Bitget: 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 BingX live order book, 7 min ago	5.93 bp	17.0 bp −$17	30.3 bp −$303	76.3 bp −$7,632	586.1 bp −$293.0K
Sell Bitget live order book, 2 min ago	2.98 bp	11.0 bp −$11	25.3 bp −$253	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
Deribit 1000BONK_USDC-PERPETUAL	−0.0645%	1h	0.000003350	−0.060%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003347	−0.149%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003359	+0.209%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0042%	4h	0.000003352	0.000%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003352	+0.003%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003360	+0.239%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.327%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003350	−0.049%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003353	+0.030%	$198K	$290K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003358	+0.169%	$64K	$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	0.000003361	+0.268%	$114K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003351	−0.030%	$15.0M	$51.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003348	−0.119%	$10.1M	$16.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003350	−0.060%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003350	−0.060%	$740K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003349	−0.089%	$10.1M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003350	−0.060%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003346	−0.179%	$4.2M	$3.1M	75x
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003352	long leg	—	$8.0M	—
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003352	0.000%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003370	+0.546%	$303K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003371	+0.567%	$57K	$693K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003350	−0.045%	$19K	$109K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003365	+0.388%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003351	−0.030%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003376	+0.716%	$78K	$122K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003349	−0.087%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003354	+0.060%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.501%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.0745%	1h	0.000003357	+0.149%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1145%	1h	0.000003356	+0.121%	$204K	$148K	50x	as long as short