Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h −0.008%
Price spread now: BloFin against Bitget−0.175%95s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.175%, 7d avg +0.040%
=Funding pays, the price is against you. BloFin is 0.215% cheaper against Bitget than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of +0.040%). If the spread goes back, that is −$22 on $10k: about 28 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.233% in total) that is about 6.5 days. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget 1000BONKUSDT | 0.000003427 | 0.0100 | pay 0.0050% / 4h | 27m 39s | $4.3M | $3.1M | 75x |
| Short | BloFin 1000BONK-USDT | 0.000003421 | 0.0126 | get 0.0063% / 4h | 27m 39s | $962K | $15.4M | 75x |
Bitget 1000BONKUSDT
BloFin 1000BONK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.38
- Price spread: −0.175% → +0.040%
- −$21.55
- Slippage, 4 orders
- −$32.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$72.41
- Costs to cover
- 0.562%
- Break-even
- 101.2 days
Slippage from Bitget: live order book, 5 min ago; BloFin: 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 Bitget live order book, 5 min ago | 4.42 bp | 21.3 bp −$21 | 51.8 bp −$518 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 1.48 bp | 8.5 bp −$8 | 20.5 bp −$205 | 74.1 bp −$7,408 | 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 | −0.0320% | 1h | 0.000003420 | −0.204% | $43K | $34K | 50x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003420 | −0.193% | $12K | $3K | 10x | as long as short |
| gTrade (Gains Network) BONK/USD | L +0.0001% / S +0.0001% | 1h | 0.000003427 | −0.009% | $24 | — | 150x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −4.465% | $3K | $113 | 5.5x | as long as short |
| Deribit 1000BONK_USDC-PERPETUAL | +0.0042% | 1h | 0.000003424 | −0.088% | $2K | $110K | 10x | as long as short |
| Orderly PERP_1000BONK_USDC | +0.0073% | 4h | 0.000003426 | −0.029% | $29K | $56K | 20x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003436 | +0.261% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003428 | +0.029% | $224K | $672K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003434 | +0.204% | $31K | $101K | 10x | as long as short |
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003428 | +0.023% | $79K | $250K | 10x | as long as short |
Coinbase International 1000BONK-PERP-INTX
dYdX BONK-USD
gTrade (Gains Network) BONK/USD
Injective BONK/USDC PERP
Deribit 1000BONK_USDC-PERPETUAL
Orderly PERP_1000BONK_USDC
Reya kBONKRUSDPERP
Lighter 1000BONK
Nado kBONK-PERP
Aster 1000BONKUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kBONK | +0.0100% | 1h | 0.000003426 | −0.029% | $114K | $109K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003427 | −0.001% | $16.6M | $59.5M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003426 | −0.023% | $10.8M | $18.6M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003425 | −0.058% | $2.5M | $9.0M | 20x | as long as short |
| Gate BONK_USDT | +0.0100% | 4h | 0.000003423 | −0.117% | $817K | $2.7M | 50x | as long as short |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003428 | +0.029% | $9.2M | $7.1M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003426 | −0.023% | $2.6M | $9.7M | 75x | as long as short |
| Bitget 1000BONKUSDTlong | +0.0100% | 4h | 0.000003427 | long leg | $4.3M | $3.1M | 75x | |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003428 | +0.029% | — | $4.8M | — | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003399 | −0.805% | $309K | $133K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003388 | −1.138% | $57K | $706K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003437 | +0.292% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003423 | −0.117% | $2K | $7K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003434 | +0.204% | $97K | $119K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003423 | −0.113% | $22K | $4K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003427 | 0.000% | $4K | — | 3x | as long as short |
| BloFin 1000BONK-USDTshort | +0.0126% | 4h | 0.000003421 | −0.175% | $962K | $15.4M | 75x | |
| GMX BONK/USD [ETH-USDC] | L +0.0197% / S −0.4340% | 1h | 0.000003000 | −12.460% | $574 | — | 100x | as long as short |
| Backpack kBONK_USDC_PERP | +0.0336% | 1h | 0.000003425 | −0.058% | $30K | $7K | 10x | as long as short |
| Hyperliquid kBONK | +0.0756% | 1h | 0.000003431 | +0.117% | $10.1M | $4.8M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.2455% | 1h | 0.000003433 | +0.165% | $222K | $177K | 50x | as long as short |
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
Gate BONK_USDT
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
BingX 1000BONK-USDT
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Backpack kBONK_USDC_PERP
Hyperliquid kBONK
Kraken Futures PF_BONKUSD