Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit+0.056%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days−0.131%−$13 · spread now +0.056%, 7d avg +0.023%

Together, before fees−0.114%−$11 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: KuCoin is 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003396	0.0100	pay 0.0050% / 4h	1h 28m	$11.8M	$26.6M	50x
Short	KuCoin 1000BONKUSDTM	0.000003398	0.0100	get 0.0050% / 4h	1h 28m	$2.8M	$10.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.023%: $3.25
Slippage, 4 orders: −$62.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$82.13
Costs to cover: 0.854%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 3 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	1.47 bp	13.0 bp −$13	30.2 bp −$302	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.94 bp	28.7 bp −$29	134.8 bp −$1,348	doesn't fit	doesn't fit

BONK on 31 exchanges

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	−0.0056%	1h	0.000003410	+0.406%	$44K	$89K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003384	−0.359%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.598%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003399	+0.082%	$23K	$162K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003395	−0.030%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003402	+0.171%	$242K	$746K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003397	+0.038%	$64K	$134K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003402	+0.160%	$47K	$226K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003398	+0.053%	$113K	$153K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003398	+0.063%	$17.2M	$90.3M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003396	long leg	$11.8M	$26.6M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003395	−0.035%	$3.0M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003397	+0.024%	$899K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003398	+0.053%	$10.6M	$10.8M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003398	+0.056%	$2.8M	$10.6M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003397	+0.024%	$4.3M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003398	+0.053%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003393	−0.103%	$321K	$136K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003394	−0.065%	$57K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003398	+0.053%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003405	+0.259%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003399	+0.082%	$2K	$9K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003402	+0.171%	$97K	$138K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003395	−0.024%	$21K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003396	−0.006%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0144%	4h	0.000003402	+0.171%	$1.1M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−11.666%	$375	—	100x	as long as short
Hyperliquid kBONK	+0.0390%	1h	0.000003401	+0.141%	$11.6M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1328%	1h	0.000003404	+0.230%	$53K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1670%	1h	0.000003403	+0.207%	$173K	$254K	50x	as long as short
dYdX BONK-USD	+0.2148%	1h	0.000003396	0.000%	$13K	$12K	10x	as long as short