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% APRpaid last 24h −0.002%

Price spread now: Pacifica against KuCoin+0.255%46s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as 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−$840.843% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.255%, 7d avg −0.036%

Together, before fees−0.316%+ Points / potential airdropPacifica: Active · farm board−$32 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: Pacifica is 0.290% dearer against KuCoin than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 46 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	0.000003418	0.0100	pay 0.0050% / 4h	24m 50s	$2.6M	$9.8M	75x
Short	Pacifica kBONK	0.000003427	0.0100	get 0.0013% / 1h	24m 50s	$114K	$109K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → −0.036%: $29.01
Slippage, 4 orders: −$64.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$55.3
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Pacifica: live order book, 33 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, 3 min ago	1.46 bp	23.2 bp −$23	431.3 bp −$4,313	doesn't fit	doesn't fit
Sell Pacifica live order book, 33 min ago	4.46 bp	21.3 bp −$21	doesn't fit	doesn't fit	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	−0.0320%	1h	0.000003412	−0.184%	$43K	$35K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003415	−0.087%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003423	+0.126%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.221%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0074%	4h	0.000003423	+0.137%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003426	+0.222%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003415	−0.097%	$223K	$672K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003426	+0.240%	$31K	$101K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003420	+0.046%	$79K	$251K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003427	+0.255%	$114K	$109K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003413	−0.152%	$16.5M	$59.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003411	−0.216%	$10.8M	$18.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003415	−0.097%	$2.5M	$9.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003417	−0.038%	$814K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003414	−0.126%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003418	long leg	$2.6M	$9.8M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003414	−0.126%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003414	−0.126%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003423	+0.134%	$311K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003423	+0.137%	$58K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003429	+0.313%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003424	+0.167%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003430	+0.342%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003418	−0.021%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003422	+0.108%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0107%	4h	0.000003424	+0.167%	$967K	$15.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.237%	$572	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0334%	1h	0.000003424	+0.167%	$2K	$110K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0341%	1h	0.000003418	−0.009%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0763%	1h	0.000003422	+0.108%	$10.1M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2457%	1h	0.000003431	+0.367%	$222K	$177K	50x	as long as short