Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against Bybit0.000%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 7 days−0.043%−$4 · spread now 0.000%, 7d avg −0.012%

Together, before fees+0.029%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003382	0.0100	pay 0.0050% / 4h	2h 51m	$10.3M	$16.1M	50x
Short	Bitget 1000BONKUSDT	0.000003382	0.0100	get 0.0050% / 4h	2h 51m	$4.3M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.012%: $1.17
Slippage, 4 orders: −$46.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.04
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	2.96 bp	13.6 bp −$14	33.2 bp −$332	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.91 bp	20.4 bp −$20	37.3 bp −$373	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
Deribit 1000BONK_USDC-PERPETUAL	−0.0341%	1h	0.000003383	+0.030%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003381	−0.030%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003385	+0.089%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0036%	4h	0.000003383	+0.030%	$29K	$42K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003385	+0.083%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003389	+0.207%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.193%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003383	+0.017%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003386	+0.118%	$202K	$282K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003382	+0.015%	$20K	$105K	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	0.000003382	+0.009%	$67K	$252K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003388	+0.177%	$116K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003385	+0.076%	$15.3M	$49.7M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003382	long leg	$10.3M	$16.1M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003386	+0.118%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003384	+0.059%	$747K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003388	+0.177%	$9.8M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003383	+0.015%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003382	0.000%	$4.3M	$3.0M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003385	+0.089%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003387	+0.148%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003397	+0.458%	$305K	$105K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003395	+0.384%	$57K	$692K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003391	+0.266%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003385	+0.089%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	+0.237%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003384	+0.064%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003382	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.295%	$566	—	100x	as long as short
Hyperliquid kBONK	+0.0723%	1h	0.000003393	+0.325%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1133%	1h	0.000003392	+0.294%	$207K	$183K	50x	as long as short