Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.020%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.020%, 7d avg −0.018%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003550	0.0100	pay 0.0050% / 4h	2h 14m	$3.0M	$10.4M	75x
Short	BingX 1000BONK-USDT	0.000003549	0.0100	get 0.0050% / 4h	2h 14m	—	$4.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.018%: −$0.17
Slippage, 4 orders: −$60.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.94
Costs to cover: 0.828%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 6 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, 4 min ago	2.82 bp	26.3 bp −$26	370.6 bp −$3,706	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.24 bp	15.0 bp −$15	29.1 bp −$291	77.3 bp −$7,725	519.5 bp −$259.7K

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	−0.0136%	1h	0.000003532	−0.499%	$43K	$49K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003536	−0.378%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003546	−0.116%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.767%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003546	−0.106%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0087%	4h	0.000003540	−0.273%	$1.0M	$18.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0098%	4h	0.000003547	−0.076%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003546	−0.090%	$46K	$115K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003553	+0.093%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003538	−0.330%	$119K	$125K	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	0.000003551	+0.037%	$18.3M	$72.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003547	−0.070%	$11.8M	$22.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003550	+0.008%	$2.8M	$12.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003544	−0.161%	$951K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003550	+0.008%	$10.5M	$8.2M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003550	long leg	$3.0M	$10.4M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003548	−0.048%	$4.5M	$4.0M	75x	as long as short
BingX 1000BONK-USDTshort	+0.0100%	4h	0.000003549	−0.020%	—	$4.9M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003548	−0.036%	$330K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003557	+0.206%	$60K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003553	+0.093%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003549	−0.020%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003551	+0.037%	$101K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003548	−0.060%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003548	−0.048%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−15.486%	$391	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003552	+0.065%	$248K	$724K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0596%	1h	0.000003549	−0.020%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1531%	1h	0.000003557	+0.206%	$11.8M	$6.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1616%	1h	0.000003555	+0.149%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2615%	1h	0.000003555	+0.159%	$218K	$218K	50x	as long as short