BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.008%

Price spread now: Bitget against BloFin−0.326%75s7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as 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−$620.624% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 4 days (all we have)+0.928%+$93 · spread now −0.326%, 7d avg −0.060%

Together, before fees+0.695%+$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.266% cheaper against BloFin than usual: you would sell low and buy high (spread −0.326% now, against its 7-day average of −0.060%). If the spread goes back, that is −$27 on $10k: about 3 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.233%, so the current rate has only just turned in your favour. The two prices were read 75 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	BloFin 1000BONK-USDT	0.000003374	0.0089	pay 0.0044% / 4h	52m 04s	$958K	$15.0M	75x
Short	Bitget 1000BONKUSDT	0.000003363	0.0100	get 0.0050% / 4h	52m 04s	$4.2M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.326%Rate

Funding earned: $2.39
Price spread: −0.326% → −0.060%: −$26.56
Slippage, 4 orders: −$38.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$86.53
Costs to cover: 0.624%
Break-even: 260.0 days

Slippage from BloFin: live order book, 7 min ago; Bitget: 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 BloFin live order book, 7 min ago	4.45 bp	12.4 bp −$12	24.6 bp −$246	66.8 bp −$6,678	doesn't fit
Sell Bitget live order book, 1 min ago	1.49 bp	18.7 bp −$19	40.5 bp −$405	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	−0.0320%	1h	0.000003363	−0.326%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003361	−0.374%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003365	−0.267%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003365	−0.264%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.964%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0070%	4h	0.000003362	−0.356%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003368	−0.179%	$4	—	15x	as long as short
BloFin 1000BONK-USDTlong	+0.0089%	4h	0.000003374	long leg	$958K	$15.0M	75x
Lighter 1000BONK	+0.0096%	1h	0.000003366	−0.237%	$223K	$667K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003368	−0.163%	$27K	$96K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003365	−0.267%	$78K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003368	−0.178%	$113K	$104K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003366	−0.237%	$16.1M	$58.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003362	−0.347%	$10.7M	$18.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003366	−0.237%	$2.5M	$8.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003365	−0.267%	$812K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003365	−0.267%	$9.3M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003362	−0.341%	$2.6M	$9.7M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003363	−0.326%	$4.2M	$3.0M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003362	−0.356%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003372	−0.061%	$307K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003360	−0.415%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003376	+0.059%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003365	−0.267%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003372	−0.059%	$95K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003365	−0.264%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003361	−0.385%	$4K	—	3x	as long as short
Backpack kBONK_USDC_PERP	+0.0145%	1h	0.000003367	−0.207%	$30K	$7K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.085%	$562	—	100x	as long as short
Hyperliquid kBONK	+0.0891%	1h	0.000003373	−0.030%	$10.0M	$4.7M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2500%	1h	0.000003372	−0.057%	$218K	$174K	50x	as long as short