Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against BingX0.000%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 7 days−0.006%−$1 · spread now 0.000%, 7d avg −0.001%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003405	0.0100	pay 0.0050% / 4h	3h 12m	—	$4.7M	—
Short	MEXC 1000BONK_USDT	0.000003405	0.0100	get 0.0050% / 4h	3h 12m	$10.0M	$6.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.001%: $0.08
Slippage, 4 orders: −$30.18
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$40.1
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from BingX: live order book, 11 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 BingX live order book, 11 min ago	5.91 bp	14.6 bp −$15	27.1 bp −$271	109.7 bp −$11.0K	622.5 bp −$311.2K
Sell MEXC live order book, 1 min ago	1.47 bp	4.5 bp −$5	13.0 bp −$130	63.5 bp −$6,355	129.8 bp −$64.9K

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	−0.0376%	1h	0.000003371	−0.999%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003403	−0.059%	$1.0M	$14.5M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0037%	4h	0.000003403	−0.059%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003407	+0.053%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003410	+0.147%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.847%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003406	+0.029%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003408	+0.103%	$18K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003409	+0.115%	$65K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003408	+0.088%	$115K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003409	+0.122%	$15.7M	$53.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003409	+0.106%	$10.7M	$17.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003404	−0.029%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003406	+0.029%	$733K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003405	0.000%	$10.0M	$6.8M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003405	−0.012%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003402	−0.088%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003405	long leg	—	$4.7M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003401	−0.118%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003409	+0.117%	$57K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003412	+0.206%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003406	+0.029%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003410	+0.147%	$94K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003406	+0.022%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003405	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.894%	$569	—	100x	as long as short
Lighter 1000BONK	+0.0336%	1h	0.000003410	+0.147%	$353K	$474K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0337%	1h	0.000003407	+0.059%	$2K	$110K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0365%	1h	0.000003406	+0.029%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0599%	1h	0.000003410	+0.147%	$9.7M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1460%	1h	0.000003411	+0.177%	$213K	$165K	50x	as long as short