BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.012%

Price spread now: BloFin against Bybit+0.327%102s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as 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−$440.440% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 4 days (all we have)−0.602%−$60 · spread now +0.327%, 7d avg +0.030%

Together, before fees−0.330%−$33 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: BloFin is 0.297% dearer against Bybit than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 102 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	Bybit 1000BONKUSDT	0.000003423	0.0100	pay 0.0050% / 4h	25m 28s	$10.8M	$18.7M	50x
Short	BloFin 1000BONK-USDT	0.000003434	0.0105	get 0.0053% / 4h	25m 28s	$966K	$15.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.327%Rate

Funding earned: $1.06
Price spread: +0.327% → +0.030%: $29.75
Slippage, 4 orders: −$21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.2
Costs to cover: 0.440%
Break-even: 94.5 days

Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 8 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, 3 min ago	1.46 bp	14.0 bp −$14	32.7 bp −$327	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	1.48 bp	8.5 bp −$8	20.5 bp −$205	74.1 bp −$7,408	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	0.000003412	−0.316%	$43K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003420	−0.071%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003423	−0.006%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.347%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0074%	4h	0.000003422	−0.023%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003426	+0.091%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003426	+0.093%	$224K	$672K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003426	+0.108%	$31K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003422	−0.027%	$79K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003427	+0.123%	$114K	$109K	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	0.000003425	+0.069%	$16.6M	$59.6M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003423	long leg	$10.8M	$18.7M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003427	+0.123%	$2.5M	$9.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003423	+0.006%	$817K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003426	+0.093%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003425	+0.061%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003422	−0.023%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003427	+0.123%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003423	+0.002%	$311K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003423	+0.006%	$58K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003425	+0.064%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003426	+0.093%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003421	−0.053%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003427	+0.111%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003422	−0.023%	$4K	—	3x	as long as short
BloFin 1000BONK-USDTshort	+0.0105%	4h	0.000003434	+0.327%	$966K	$15.5M	75x
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.352%	$571	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0335%	1h	0.000003429	+0.181%	$30K	$7K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0627%	1h	0.000003424	+0.035%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0768%	1h	0.000003434	+0.327%	$10.1M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2453%	1h	0.000003436	+0.389%	$222K	$177K	50x	as long as short