Funding arb · Price arb /

BONK

all BONK markets

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 0.000%

Price spread now: KuCoin against BingX+0.057%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1091.087% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.057%, 7d avg +0.016%

Together, before fees−0.142%−$14 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 0.041% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDC	0.000003493	0.0100	pay 0.0050% / 4h	3h 01m	—	$6.5M	—
Short	KuCoin 1000BONKUSDTM	0.000003495	0.0100	get 0.0050% / 4h	3h 01m	$3.0M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.016%: $4.14
Slippage, 4 orders: −$86.65
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$104.51
Costs to cover: 1.087%
Break-even: never at this rate

Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago	4.20 bp	25.9 bp −$26	73.0 bp −$730	517.3 bp −$51.7K	719.2 bp −$359.6K
Sell KuCoin live order book, 2 min ago	1.41 bp	25.5 bp −$26	119.5 bp −$1,195	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	0.000003507	+0.401%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003508	+0.440%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003498	+0.132%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.270%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0036%	1h	0.000003502	+0.258%	$9K	$133K	10x	as long as short
BloFin 1000BONK-USDT	+0.0048%	4h	0.000003501	+0.229%	$1.0M	$17.2M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003504	+0.313%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0084%	4h	0.000003503	+0.286%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003505	+0.358%	$40K	$112K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003500	+0.202%	$66K	$291K	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	0.000003515	+0.630%	$121K	$113K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003498	+0.143%	$17.7M	$68.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003498	+0.155%	$11.6M	$21.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003502	+0.258%	$2.6M	$10.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003493	0.000%	$910K	$2.9M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003497	+0.115%	$9.6M	$7.9M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003495	+0.057%	$3.0M	$10.2M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003499	+0.172%	$4.5M	$3.6M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003493	long leg	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003491	−0.046%	$325K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003560	+1.918%	$60K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003500	+0.200%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003496	+0.086%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003557	+1.832%	$101K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003503	+0.274%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003501	+0.229%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.114%	$386	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003501	+0.229%	$246K	$703K	10x	as long as short
Hyperliquid kBONK	+0.1070%	1h	0.000003503	+0.286%	$11.6M	$6.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1545%	1h	0.000003500	+0.200%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2398%	1h	0.000003502	+0.269%	$223K	$203K	50x	as long as short