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 −0.012%

Price spread now: BloFin against BingX−0.144%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$700.695% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.213%+$21 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.144%, 7d avg +0.020%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.165% cheaper against BingX than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of +0.020%). If the spread goes back, that is −$16 on $10k: about 48 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.213% in total) that is about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDC	0.000003461	0.0100	pay 0.0050% / 4h	3h 58m	—	$6.5M	—
Short	BloFin 1000BONK-USDT	0.000003456	0.0112	get 0.0056% / 4h	3h 58m	$972K	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.144%Rate

Funding earned: $2.42
Price spread: −0.144% → +0.020%: −$16.46
Slippage, 4 orders: −$47.52
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$83.56
Costs to cover: 0.695%
Break-even: 248.5 days

Slippage from BingX: live order book, 2 min ago; BloFin: live order book, 5 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, 2 min ago	4.34 bp	24.0 bp −$24	73.4 bp −$734	545.7 bp −$54.6K	762.0 bp −$381.0K
Sell BloFin live order book, 5 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	−0.116%	$43K	$36K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003458	−0.075%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003460	−0.040%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.403%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0078%	4h	0.000003459	−0.058%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003461	−0.002%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003461	0.000%	$225K	$671K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003461	0.000%	$80K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003461	0.000%	$115K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003461	0.000%	$16.7M	$60.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003459	−0.066%	$11.2M	$19.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003460	−0.029%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003459	−0.058%	$838K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003460	−0.029%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003460	−0.029%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003456	−0.144%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003461	long leg	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003464	+0.084%	$316K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003454	−0.202%	$58K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003461	+0.014%	$34K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003464	+0.087%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003459	−0.058%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003469	+0.231%	$98K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003460	−0.042%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003459	−0.058%	$4K	—	3x	as long as short
BloFin 1000BONK-USDTshort	+0.0112%	4h	0.000003456	−0.144%	$972K	$15.8M	75x
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.320%	$579	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0268%	1h	0.000003459	−0.058%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0300%	1h	0.000003466	+0.144%	$10.2M	$4.9M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0328%	1h	0.000003461	0.000%	$6K	$123K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2424%	1h	0.000003464	+0.091%	$224K	$177K	50x	as long as short