BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.017%

Price spread now: MEXC against BloFin+0.115%49s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as 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−$510.507% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.115%, 7d avg −0.004%

Together, before fees−0.230%−$23 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: MEXC is 0.119% dearer against BloFin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 49 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	0.000003492	0.0094	pay 0.0047% / 4h	2h 52m	$1.0M	$17.3M	75x
Short	MEXC 1000BONK_USDT	0.000003496	0.0100	get 0.0050% / 4h	2h 52m	$9.8M	$8.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.115%Rate

Funding earned: $1.36
Price spread: +0.115% → −0.004%: $11.86
Slippage, 4 orders: −$38.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$37.48
Costs to cover: 0.507%
Break-even: 199.3 days

Slippage from BloFin: live order book, 7 min ago; MEXC: 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	8.59 bp	20.7 bp −$21	32.0 bp −$320	90.9 bp −$9,093	doesn't fit
Sell MEXC live order book, 1 min ago	1.43 bp	4.8 bp −$5	12.3 bp −$123	76.1 bp −$7,615	129.3 bp −$64.6K

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	−0.0136%	1h	0.000003485	−0.200%	$43K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	−0.046%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003493	+0.034%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.243%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003495	+0.084%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0085%	4h	0.000003492	0.000%	$30K	$53K	20x	as long as short
BloFin 1000BONK-USDTlong	+0.0094%	4h	0.000003492	long leg	$1.0M	$17.3M	75x
Nado kBONK-PERP	+0.0100%	1h	0.000003496	+0.115%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003495	+0.100%	$58K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003495	+0.086%	$117K	$120K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003497	+0.143%	$17.7M	$69.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003491	−0.043%	$11.5M	$21.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003494	+0.057%	$2.7M	$11.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003493	+0.029%	$912K	$3.0M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003496	+0.115%	$9.8M	$8.0M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003494	+0.043%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003493	+0.029%	$4.5M	$3.8M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003494	+0.057%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003504	+0.340%	$325K	$141K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003496	+0.115%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003491	−0.029%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003506	+0.401%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003497	+0.145%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003490	−0.057%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0112%	1h	0.000003498	+0.172%	$247K	$704K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.089%	$385	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0323%	1h	0.000003490	−0.057%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1580%	1h	0.000003502	+0.286%	$11.5M	$6.1M	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.1592%	1h	0.000003512	+0.573%	$59K	$705K	25x	as long as short
Backpack kBONK_USDC_PERP	+0.1753%	1h	0.000003495	+0.086%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2660%	1h	0.000003496	+0.121%	$214K	$218K	50x	as long as short