Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against Bybit−0.222%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days+0.210%+$21 · spread now −0.222%, 7d avg 0.000%

Together, before fees+0.102%+$10 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 0.222% cheaper against Bybit than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003419	0.0100	pay 0.0050% / 4h	3h 08m	$10.8M	$17.2M	50x
Short	MEXC 1000BONK_USDT	0.000003411	0.0100	get 0.0050% / 4h	3h 08m	$10.0M	$6.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.222%Rate

Funding earned: $0
Price spread: −0.222% → 0.000%: −$22.24
Slippage, 4 orders: −$22.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$56.08
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	1.47 bp	12.5 bp −$12	33.6 bp −$336	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.47 bp	4.5 bp −$5	13.0 bp −$130	63.5 bp −$6,355	129.8 bp −$64.9K

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	−0.0376%	1h	0.000003371	−1.392%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003423	+0.129%	$1.0M	$14.7M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0035%	4h	0.000003417	−0.047%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003415	−0.111%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003419	+0.025%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.230%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0043%	1h	0.000003417	−0.047%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003417	−0.033%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003420	+0.030%	$66K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003418	−0.018%	$113K	$122K	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	0.000003414	−0.139%	$15.7M	$53.5M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003419	long leg	$10.8M	$17.2M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003416	−0.076%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003414	−0.135%	$732K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003411	−0.222%	$10.0M	$6.8M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003415	−0.097%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003416	−0.076%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003414	−0.135%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003404	−0.429%	$312K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003403	−0.456%	$57K	$708K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003415	−0.120%	$19K	$99K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003421	+0.070%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003416	−0.076%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003430	+0.333%	$94K	$154K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003415	−0.113%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003414	−0.135%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.245%	$571	—	100x	as long as short
Lighter 1000BONK	+0.0352%	1h	0.000003425	+0.187%	$354K	$474K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0379%	1h	0.000003424	+0.158%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0595%	1h	0.000003422	+0.099%	$9.8M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1454%	1h	0.000003426	+0.228%	$214K	$165K	50x	as long as short