Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against MEXC+0.328%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 7 days−0.303%−$30 · spread now +0.328%, 7d avg +0.001%

Together, before fees−0.118%−$12 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: BingX is 0.327% dearer against MEXC than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003355	0.0100	pay 0.0050% / 4h	1h 34m	$10.3M	$6.5M	125x
Short	BingX 1000BONK-USDT	0.000003366	0.0100	get 0.0050% / 4h	1h 34m	—	$8.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.328%Rate

Funding earned: $0
Price spread: +0.328% → +0.001%: $32.68
Slippage, 4 orders: −$25.77
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$3.09
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 4 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, 4 min ago	1.48 bp	3.8 bp −$4	8.6 bp −$86	53.4 bp −$5,340	126.6 bp −$63.3K
Sell BingX live order book, 4 min ago	4.44 bp	15.2 bp −$15	30.5 bp −$305	69.7 bp −$6,972	532.0 bp −$266.0K

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	−0.0248%	1h	0.000003358	+0.089%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003368	+0.387%	$1.0M	$13.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0075%	4h	0.000003371	+0.477%	$29K	$41K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0046%	1h	0.000003371	+0.477%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003371	+0.492%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003367	+0.347%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.414%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003354	−0.026%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003367	+0.358%	$195K	$294K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003354	−0.015%	$19K	$106K	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	0.000003366	+0.334%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003365	+0.298%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003356	+0.030%	$15.1M	$51.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003356	+0.027%	$10.2M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003356	+0.030%	$2.4M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003363	+0.238%	$747K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003355	long leg	$10.3M	$6.5M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003365	+0.304%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003358	+0.089%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDTshort	+0.0100%	4h	0.000003366	+0.328%	—	$8.0M	—
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003370	+0.447%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003374	+0.570%	$313K	$112K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003385	+0.894%	$57K	$698K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003376	+0.626%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003370	+0.447%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003361	+0.177%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003370	+0.447%	$4K	—	3x	as long as short
HTX BONK-USDT	+0.0145%	4h	0.000003380	+0.745%	$91K	$150K	30x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.581%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0917%	1h	0.000003364	+0.268%	$10.1M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0959%	1h	0.000003378	+0.693%	$205K	$149K	50x	as long as short