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: KuCoin against BloFin−0.103%320s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as 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−$690.685% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.279%−$28 on $10k

Price spread, last 3 days (all we have)+0.272%+$27 · spread now −0.103%, 7d avg +0.014%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.116% cheaper against BloFin than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.014%). If the spread goes back, that is −$12 on $10k: about 39 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.279%, so the current rate has only just turned in your favour. The two prices were read 320 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	0.000003414	−0.0140	get 0.0070% / 4h	2h 43m	$939K	$14.9M	75x
Short	KuCoin 1000BONKUSDTM	0.000003410	0.0100	get 0.0050% / 4h	2h 43m	$2.7M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.103%Rate

Funding earned: $50.4
Price spread: −0.103% → +0.014%: −$11.61
Slippage, 4 orders: −$44.5
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.71
Costs to cover: 0.685%
Break-even: 11.1 days

Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 9 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, 5 min ago	1.46 bp	8.2 bp −$8	21.9 bp −$219	105.9 bp −$10.6K	doesn't fit
Sell KuCoin live order book, 9 min ago	2.94 bp	25.1 bp −$25	157.0 bp −$1,570	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	−0.0336%	1h	0.000003390	−0.703%	$44K	$26K	50x	as long as short
BloFin 1000BONK-USDTlong	−0.0140%	4h	0.000003414	long leg	$939K	$14.9M	75x
Orderly PERP_1000BONK_USDC	−0.0023%	4h	0.000003408	−0.176%	$29K	$49K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003400	−0.410%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003407	−0.199%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.101%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0043%	1h	0.000003410	−0.117%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003403	−0.308%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003404	−0.293%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003409	−0.148%	$66K	$253K	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	0.000003401	−0.381%	$113K	$125K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003414	−0.015%	$16.0M	$55.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003410	−0.105%	$10.8M	$17.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003413	−0.029%	$2.5M	$8.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003410	−0.117%	$743K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003412	−0.059%	$9.6M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003410	−0.103%	$2.7M	$9.8M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003415	+0.029%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003411	−0.088%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003402	−0.338%	$310K	$127K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003412	−0.059%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003412	−0.059%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003434	+0.586%	$97K	$161K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003412	−0.069%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003407	−0.205%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.127%	$569	—	100x	as long as short
Lighter 1000BONK	+0.0344%	1h	0.000003419	+0.146%	$386K	$511K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0360%	1h	0.000003413	−0.029%	$57K	$713K	25x	as long as short
Backpack kBONK_USDC_PERP	+0.0423%	1h	0.000003416	+0.059%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0915%	1h	0.000003420	+0.176%	$10.1M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2060%	1h	0.000003419	+0.160%	$213K	$165K	50x	as long as short