Funding arb · Price arb /

BONK

all BONK markets

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 −0.006%

Price spread now: Bybit against BingX+0.012%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

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

costs, in and out, $10k−$810.808% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.012%, 7d avg −0.003%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDC	0.000003345	0.0100	pay 0.0050% / 4h	1h 50m	—	$6.5M	—
Short	Bybit 1000BONKUSDT	0.000003345	0.0100	get 0.0050% / 4h	1h 50m	$10.1M	$16.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.003%: $1.46
Slippage, 4 orders: −$59.8
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.34
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 3 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, 15 min ago	4.51 bp	24.9 bp −$25	72.0 bp −$720	503.6 bp −$50.4K	750.4 bp −$375.2K
Sell Bybit live order book, 3 min ago	1.50 bp	12.8 bp −$13	29.3 bp −$293	387.9 bp −$38.8K	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	−0.0248%	1h	0.000003327	−0.538%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003349	+0.120%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0069%	4h	0.000003344	−0.030%	$29K	$41K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0049%	1h	0.000003342	−0.090%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003345	0.000%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003350	+0.140%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.123%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003345	+0.008%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003352	+0.209%	$199K	$289K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003348	+0.103%	$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	0.000003352	+0.209%	$114K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003346	+0.019%	$15.1M	$51.3M	75x	as long as short
Bybit 1000BONKUSDTshort	+0.0100%	4h	0.000003345	+0.012%	$10.1M	$16.6M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003345	0.000%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003345	0.000%	$743K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003345	0.000%	$10.0M	$6.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003347	+0.069%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003342	−0.090%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003345	long leg	—	$6.5M	—
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003350	+0.149%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003345	−0.008%	$301K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003352	+0.209%	$57K	$696K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003348	+0.105%	$19K	$107K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003350	+0.149%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003343	−0.060%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003342	−0.091%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003345	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.314%	$559	—	100x	as long as short
HTX BONK-USDT	+0.0250%	4h	0.000003369	+0.717%	$87K	$142K	30x	as long as short
Hyperliquid kBONK	+0.0771%	1h	0.000003353	+0.239%	$9.9M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0967%	1h	0.000003351	+0.181%	$204K	$149K	50x	as long as short