BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.012%

Price spread now: Gate against BloFin0.000%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$720.719% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.261%−$26 on $10k

Price spread, last 3 days (all we have)+0.140%+$14 · spread now 0.000%, 7d avg −0.050%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.050% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.050%. Mind the row above: over the last 7 days funding on this pair cost −0.261%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin 1000BONK-USDT	0.000003391	−0.0140	get 0.0070% / 4h	3h 40m	$1.0M	$14.3M	75x
Short	Gate BONK_USDT	0.000003391	0.0100	get 0.0050% / 4h	3h 40m	$727K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $50.4
Price spread: 0.000% → −0.050%: $5.04
Slippage, 4 orders: −$44.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.51
Costs to cover: 0.719%
Break-even: 9.3 days

Slippage from BloFin: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	2.95 bp	11.9 bp −$12	20.4 bp −$204	81.2 bp −$8,122	doesn't fit
Sell Gate live order book, 2 min ago	4.42 bp	20.3 bp −$20	85.0 bp −$850	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	−0.0376%	1h	0.000003390	−0.029%	$43K	$23K	50x	as long as short
BloFin 1000BONK-USDTlong	−0.0140%	4h	0.000003391	long leg	$1.0M	$14.3M	75x
Orderly PERP_1000BONK_USDC	−0.0057%	4h	0.000003390	−0.029%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003389	−0.047%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003389	−0.045%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003390	−0.029%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.450%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003392	+0.044%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003392	+0.015%	$19K	$103K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003391	+0.004%	$65K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003389	−0.059%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003391	+0.012%	$15.5M	$53.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003391	+0.006%	$10.5M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003393	+0.059%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDTshort	+0.0100%	4h	0.000003391	0.000%	$727K	$2.6M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003388	−0.088%	$9.9M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003390	−0.024%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003392	+0.029%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003390	−0.029%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003394	+0.088%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003380	−0.324%	$57K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003395	+0.118%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003391	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003400	+0.265%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003390	−0.036%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003390	−0.029%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.531%	$566	—	100x	as long as short
Lighter 1000BONK	+0.0240%	1h	0.000003394	+0.088%	$307K	$415K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0289%	1h	0.000003392	+0.029%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0590%	1h	0.000003402	+0.324%	$10.1M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1466%	1h	0.000003399	+0.243%	$208K	$156K	50x	as long as short