BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against KuCoin−0.027%65s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as 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−$870.866% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.306%+$31 on $10k

Price spread, last 3 days (all we have)−0.216%−$22 · spread now −0.027%, 7d avg −0.020%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.306%, so the current rate has only just turned against you. The two prices were read 65 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	KuCoin 1000BONKUSDTM	0.000003374	0.0100	pay 0.0050% / 4h	3h 54m	$2.7M	$9.9M	75x
Short	BloFin 1000BONK-USDT	0.000003373	−0.0140	pay 0.0070% / 4h	3h 54m	$1.0M	$14.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$50.4
Price spread: −0.027% → −0.020%: −$0.66
Slippage, 4 orders: −$62.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$137.62
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from KuCoin: 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 KuCoin live order book, 4 min ago	2.96 bp	34.1 bp −$34	386.9 bp −$3,869	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	2.96 bp	17.1 bp −$17	30.5 bp −$305	77.2 bp −$7,718	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	0.000003366	−0.234%	$43K	$22K	50x	as long as short
Bybit 1000BONKUSDT	−0.0163%	4h	0.000003374	−0.012%	$10.4M	$17.0M	50x	as long as short
BloFin 1000BONK-USDTshort	−0.0140%	4h	0.000003373	−0.027%	$1.0M	$14.0M	75x
Orderly PERP_1000BONK_USDC	−0.0063%	4h	0.000003373	−0.027%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003376	+0.059%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003375	+0.047%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.961%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0046%	1h	0.000003376	+0.062%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003377	+0.077%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003379	+0.151%	$249K	$353K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003372	−0.060%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003376	+0.062%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003376	+0.062%	$15.5M	$53.2M	75x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003376	+0.062%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003374	+0.003%	$726K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003375	+0.033%	$9.9M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003374	long leg	$2.7M	$9.9M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003374	+0.003%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003377	+0.092%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003384	+0.301%	$304K	$119K	—	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003377	+0.107%	$20K	$106K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003383	+0.270%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003377	+0.092%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003381	+0.210%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003375	+0.042%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003368	−0.175%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.082%	$564	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0250%	1h	0.000003378	+0.122%	$30K	$7K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0495%	1h	0.000003380	+0.181%	$57K	$703K	25x	as long as short
Hyperliquid kBONK	+0.0629%	1h	0.000003383	+0.270%	$10.0M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1473%	1h	0.000003382	+0.245%	$207K	$156K	50x	as long as short