Funding arb · Price arb /

BONK

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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: Binance against MEXC−0.120%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.127%+$13 · spread now −0.120%, 7d avg +0.007%

Together, before fees+0.126%+$13 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 0.128% cheaper against MEXC than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003487	0.0100	pay 0.0050% / 4h	2h 55m	$9.7M	$8.0M	125x
Short	Binance 1000BONKUSDT	0.000003483	0.0100	get 0.0050% / 4h	2h 55m	$17.7M	$69.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → +0.007%: −$12.78
Slippage, 4 orders: −$27.93
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.71
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 2 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 MEXC live order book, 2 min ago	1.42 bp	5.4 bp −$5	11.0 bp −$110	69.2 bp −$6,924	125.9 bp −$62.9K
Sell Binance live order book, 2 min ago	1.42 bp	16.7 bp −$17	36.6 bp −$366	133.1 bp −$13.3K	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	−0.0136%	1h	0.000003494	+0.201%	$43K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003481	−0.163%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003484	−0.083%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.108%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0035%	1h	0.000003504	+0.488%	$9K	$133K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003483	−0.117%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0083%	4h	0.000003504	+0.488%	$30K	$53K	20x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003494	+0.209%	$58K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003486	−0.029%	$116K	$120K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003483	−0.120%	$17.7M	$69.5M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003486	−0.023%	$11.5M	$21.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003484	−0.086%	$2.7M	$11.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003485	−0.057%	$909K	$3.0M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003487	long leg	$9.7M	$8.0M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003485	−0.069%	$3.0M	$10.2M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003480	−0.201%	$4.4M	$3.7M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003487	0.000%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003504	+0.484%	$325K	$141K	—	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003485	−0.043%	$42K	$114K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003511	+0.688%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003507	+0.574%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003501	+0.401%	$99K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003483	−0.128%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003502	+0.430%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0120%	1h	0.000003488	+0.029%	$246K	$703K	10x	as long as short
BloFin 1000BONK-USDT	+0.0154%	4h	0.000003517	+0.860%	$1.1M	$17.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−13.966%	$384	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.1592%	1h	0.000003512	+0.717%	$59K	$705K	25x	as long as short
Hyperliquid kBONK	+0.1647%	1h	0.000003492	+0.143%	$11.5M	$6.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2043%	1h	0.000003510	+0.660%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2648%	1h	0.000003512	+0.706%	$215K	$211K	50x	as long as short