Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Pacifica against Bitget0.000%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$770.771% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now 0.000%, 7d avg +0.034%

Together, before fees−0.070%+ Points / potential airdropPacifica: Active · farm board−$7 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 0.034% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003493	0.0100	pay 0.0050% / 4h	3h 32m	$4.4M	$3.2M	75x
Short	Pacifica kBONK	0.000003493	0.0100	get 0.0013% / 1h	32m 53s	$116K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.034%: −$3.41
Slippage, 4 orders: −$57.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$80.48
Costs to cover: 0.771%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Pacifica: live order book, 20 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	2.85 bp	17.9 bp −$18	46.1 bp −$461	doesn't fit	doesn't fit
Sell Pacifica live order book, 20 min ago	5.72 bp	21.7 bp −$22	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	−0.0312%	1h	0.000003490	−0.086%	$44K	$38K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003491	−0.047%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003496	+0.074%	$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
Orderly PERP_1000BONK_USDC	+0.0082%	4h	0.000003492	−0.029%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003495	+0.068%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003495	+0.072%	$37K	$102K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003495	+0.044%	$81K	$250K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003493	0.000%	$116K	$105K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003498	+0.143%	$17.0M	$62.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003496	+0.097%	$11.4M	$19.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003495	+0.057%	$2.5M	$9.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003494	+0.029%	$865K	$2.8M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003496	+0.086%	$9.7M	$7.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003494	+0.037%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003493	long leg	$4.4M	$3.2M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003496	+0.086%	—	$4.6M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003502	+0.254%	$325K	$139K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003512	+0.544%	$59K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003503	+0.286%	$2K	$12K	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	0.000003548	+1.575%	$101K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003492	−0.015%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003494	+0.029%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0136%	4h	0.000003495	+0.057%	$993K	$16.3M	75x	as long as short
Lighter 1000BONK	+0.0144%	1h	0.000003500	+0.200%	$246K	$691K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.114%	$584	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0322%	1h	0.000003497	+0.115%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0817%	1h	0.000003502	+0.258%	$10.4M	$5.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1329%	1h	0.000003505	+0.344%	$46K	$15K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2398%	1h	0.000003502	+0.268%	$223K	$178K	50x	as long as short