Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Gate+0.208%78s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as 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−$730.729% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 3 days (all we have)−0.526%−$53 · spread now +0.208%, 7d avg +0.048%
=The price spread pays, funding is against you. BloFin is 0.161% dearer against Gate than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of +0.048%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.267%, so the current rate has only just turned against you. The two prices were read 78 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 | Gate BONK_USDT | 0.000003362 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $740K | $2.6M | 50x |
| Short | BloFin 1000BONK-USDT | 0.000003369 | −0.0140 | pay 0.0070% / 4h | 2h 33m | $1.0M | $13.1M | 75x |
Gate BONK_USDT
BloFin 1000BONK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: +0.208% → +0.048%
- $16.06
- Slippage, 4 orders
- −$45.87
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$107.21
- Costs to cover
- 0.729%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; BloFin: 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 Gate live order book, 4 min ago | 2.96 bp | 21.7 bp −$22 | 87.6 bp −$876 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.48 bp | 19.2 bp −$19 | 28.3 bp −$283 | 68.4 bp −$6,840 | 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 | −0.0344% | 1h | 0.000003362 | 0.000% | $2K | $110K | 10x | as long as short |
| Coinbase International 1000BONK-PERP-INTX | −0.0320% | 1h | 0.000003359 | −0.089% | $43K | $21K | 50x | as long as short |
| BloFin 1000BONK-USDTshort | −0.0140% | 4h | 0.000003369 | +0.208% | $1.0M | $13.1M | 75x | |
| Orderly PERP_1000BONK_USDC | −0.0039% | 4h | 0.000003365 | +0.089% | $29K | $41K | 20x | as long as short |
| gTrade (Gains Network) BONK/USD | L 0.0000% / S +0.0001% | 1h | 0.000003365 | +0.077% | $1K | — | 150x | as long as short |
| dYdX BONK-USD | 0.0000% | 1h | 0.000003372 | +0.288% | $12K | $3K | 10x | as long as short |
| Injective BONK/USDC PERP | +0.0033% | 1h | 0.000003274 | −2.617% | $3K | $113 | 5.5x | as long as short |
| Reya kBONKRUSDPERP | +0.0083% | 1h | 0.000003362 | +0.011% | $4 | — | 15x | as long as short |
| Lighter 1000BONK | +0.0096% | 1h | 0.000003365 | +0.089% | $198K | $288K | 10x | as long as short |
| Nado kBONK-PERP | +0.0100% | 1h | 0.000003364 | +0.074% | $20K | $103K | 10x | as long as short |
Deribit 1000BONK_USDC-PERPETUAL
Coinbase International 1000BONK-PERP-INTX
Orderly PERP_1000BONK_USDC
gTrade (Gains Network) BONK/USD
dYdX BONK-USD
Injective BONK/USDC PERP
Reya kBONKRUSDPERP
Lighter 1000BONK
Nado kBONK-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000BONKUSDT | +0.0100% | 4h | 0.000003368 | +0.190% | $67K | $252K | 10x | as long as short |
| Pacifica kBONK | +0.0100% | 1h | 0.000003370 | +0.238% | $116K | $116K | 10x | as long as short |
| Binance 1000BONKUSDT | +0.0100% | 4h | 0.000003363 | +0.037% | $15.2M | $49.7M | 75x | as long as short |
| Bybit 1000BONKUSDT | +0.0100% | 4h | 0.000003365 | +0.080% | $10.2M | $16.2M | 50x | as long as short |
| OKX BONK-USDT-SWAP | +0.0100% | 8h | 0.000003365 | +0.089% | $2.4M | $7.6M | 20x | as long as short |
| Gate BONK_USDTlong | +0.0100% | 4h | 0.000003362 | long leg | $740K | $2.6M | 50x | |
| MEXC 1000BONK_USDT | +0.0100% | 4h | 0.000003364 | +0.059% | $9.9M | $6.5M | 125x | as long as short |
| KuCoin 1000BONKUSDTM | +0.0100% | 4h | 0.000003364 | +0.062% | $2.7M | $9.8M | 75x | as long as short |
| Bitget 1000BONKUSDT | +0.0100% | 4h | 0.000003362 | 0.000% | $4.2M | $3.0M | 75x | as long as short |
| BingX 1000BONK-USDT | +0.0100% | 4h | 0.000003362 | 0.000% | — | $8.0M | — | as long as short |
| Backpack kBONK_USDC_PERP | +0.0100% | 1h | 0.000003363 | +0.030% | $30K | $7K | 10x | as long as short |
| Variational Omni 1000BONK | +0.0100% | 4h | 0.000003371 | +0.279% | $303K | $104K | — | as long as short |
| ApeX Omni 1000BONKUSDT | +0.0100% | 1h | 0.000003377 | +0.446% | $57K | $693K | 25x | as long as short |
| SunX BONK-USDT | +0.0100% | 4h | 0.000003376 | +0.416% | $2K | $12K | 20x | as long as short |
| SoDEX 1000BONK-USD | +0.0100% | 1h | 0.000003363 | +0.030% | $2K | $6K | 10x | as long as short |
| HTX BONK-USDT | +0.0100% | 4h | 0.000003370 | +0.238% | $79K | $118K | 30x | as long as short |
| Extended 1000BONK-USD | +0.0104% | 1h | 0.000003363 | +0.034% | $22K | $2K | 25x | as long as short |
| Aevo 1000BONK-PERP | +0.0104% | 1h | 0.000003365 | +0.089% | $4K | — | 3x | as long as short |
| GMX BONK/USD [ETH-USDC] | L +0.0196% / S −0.4340% | 1h | 0.000003000 | −10.767% | $562 | — | 100x | as long as short |
| Hyperliquid kBONK | +0.0724% | 1h | 0.000003370 | +0.238% | $9.9M | $7.0M | 10x | as long as short |
| Kraken Futures PF_BONKUSD | +0.1140% | 1h | 0.000003369 | +0.218% | $205K | $158K | 50x | as long as short |
Aster 1000BONKUSDT
Pacifica kBONK
Binance 1000BONKUSDT
Bybit 1000BONKUSDT
OKX BONK-USDT-SWAP
MEXC 1000BONK_USDT
KuCoin 1000BONKUSDTM
Bitget 1000BONKUSDT
BingX 1000BONK-USDT
Backpack kBONK_USDC_PERP
Variational Omni 1000BONK
ApeX Omni 1000BONKUSDT
SunX BONK-USDT
SoDEX 1000BONK-USD
HTX BONK-USDT
Extended 1000BONK-USD
Aevo 1000BONK-PERP
GMX BONK/USD [ETH-USDC]
Hyperliquid kBONK
Kraken Futures PF_BONKUSD