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: Binance against KuCoin+0.016%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

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

costs, in and out, $10k−$700.703% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.016%, 7d avg −0.011%

Together, before fees−0.080%−$8 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: Binance is 0.027% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003397	0.0100	pay 0.0050% / 4h	3h 37m	$2.7M	$9.9M	75x
Short	Binance 1000BONKUSDT	0.000003398	0.0100	get 0.0050% / 4h	3h 37m	$15.5M	$53.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.011%: $2.66
Slippage, 4 orders: −$48.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.67
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Binance: 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 KuCoin live order book, 11 min ago	1.49 bp	26.1 bp −$26	424.5 bp −$4,245	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.47 bp	12.4 bp −$12	27.3 bp −$273	101.9 bp −$10.2K	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	−0.0376%	1h	0.000003384	−0.383%	$43K	$24K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003387	−0.294%	$1.0M	$14.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0056%	4h	0.000003394	−0.088%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003394	−0.091%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003396	−0.016%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003396	−0.029%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.621%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003392	−0.148%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003392	−0.132%	$19K	$103K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003391	−0.168%	$65K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003398	+0.029%	$114K	$122K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003398	+0.016%	$15.5M	$53.2M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003397	0.000%	$10.6M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003396	−0.029%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003395	−0.059%	$727K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003398	+0.029%	$9.9M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003397	long leg	$2.7M	$9.9M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003394	−0.088%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003395	−0.059%	—	$8.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003394	−0.089%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003391	−0.177%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003398	+0.029%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003394	−0.088%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003408	+0.324%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003394	−0.095%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003395	−0.059%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.687%	$567	—	100x	as long as short
Lighter 1000BONK	+0.0264%	1h	0.000003401	+0.118%	$312K	$420K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0293%	1h	0.000003397	0.000%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0607%	1h	0.000003402	+0.147%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1465%	1h	0.000003400	+0.092%	$208K	$156K	50x	as long as short