Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Pacifica against BingX+0.057%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.057%, 7d avg +0.009%

Together, before fees−0.170%+ Points / potential airdropPacifica: Active · farm board−$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: Pacifica is 0.047% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003517	0.0100	pay 0.0050% / 4h	2h 41m	—	$4.8M	—
Short	Pacifica kBONK	0.000003519	0.0100	get 0.0013% / 1h	41m 59s	$119K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.009%: $4.75
Slippage, 4 orders: −$54.92
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$68.18
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Pacifica: live order book, 6 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, 3 min ago	5.71 bp	20.9 bp −$21	35.9 bp −$359	92.3 bp −$9,230	603.2 bp −$301.6K
Sell Pacifica live order book, 6 min ago	4.27 bp	13.5 bp −$13	doesn't fit	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	−0.0136%	1h	0.000003512	−0.142%	$44K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003520	+0.094%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003518	+0.028%	$9K	$134K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003514	−0.077%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.909%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003514	−0.099%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0092%	4h	0.000003517	0.000%	$30K	$53K	20x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003519	+0.057%	$248K	$706K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003514	−0.071%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003524	+0.207%	$59K	$299K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONKshort	+0.0100%	1h	0.000003519	+0.057%	$119K	$122K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003520	+0.082%	$17.9M	$70.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003518	+0.028%	$11.6M	$22.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003523	+0.171%	$2.8M	$11.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003515	−0.057%	$928K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003518	+0.028%	$9.9M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003517	−0.003%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003518	+0.028%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003517	long leg	—	$4.8M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003501	−0.444%	$326K	$141K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003522	+0.142%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003518	+0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003521	+0.114%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003522	+0.131%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003512	−0.142%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0109%	4h	0.000003527	+0.284%	$1.0M	$17.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.700%	$388	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0433%	1h	0.000003509	−0.227%	$59K	$705K	25x	as long as short
Backpack kBONK_USDC_PERP	+0.1684%	1h	0.000003520	+0.085%	$46K	$17K	10x	as long as short
Hyperliquid kBONK	+0.1701%	1h	0.000003524	+0.199%	$11.9M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2642%	1h	0.000003519	+0.057%	$216K	$218K	50x	as long as short