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 +0.001%

Price spread now: Bitget against MEXC−0.084%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.084%, 7d avg −0.015%

Together, before fees+0.221%+$22 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: Bitget is 0.069% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003589	0.0100	pay 0.0050% / 4h	3h 10m	$10.0M	$7.8M	125x
Short	Bitget 1000BONKUSDT	0.000003586	0.0100	get 0.0050% / 4h	3h 10m	$4.6M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.015%: −$6.9
Slippage, 4 orders: −$37.77
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.67
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: 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, 3 min ago	2.78 bp	6.7 bp −$7	15.3 bp −$153	90.1 bp −$9,014	138.1 bp −$69.0K
Sell Bitget live order book, 2 min ago	5.57 bp	16.2 bp −$16	48.9 bp −$489	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	−0.0312%	1h	0.000003597	+0.223%	$45K	$42K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003586	−0.075%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003591	+0.056%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.777%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0083%	4h	0.000003591	+0.056%	$31K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003612	+0.638%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003615	+0.738%	$45K	$111K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003586	−0.070%	$83K	$264K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003585	−0.111%	$122K	$110K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003589	0.000%	$18.1M	$66.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003587	−0.047%	$11.8M	$20.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003588	−0.028%	$2.7M	$10.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003583	−0.167%	$935K	$2.9M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003589	long leg	$10.0M	$7.8M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003587	−0.059%	$3.1M	$10.1M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003586	−0.084%	$4.6M	$3.5M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003586	−0.084%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003590	+0.023%	$333K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003577	−0.334%	$60K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003600	+0.306%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003596	+0.195%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003596	+0.195%	$102K	$126K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003583	−0.153%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003594	+0.139%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0158%	4h	0.000003598	+0.251%	$1.0M	$17.5M	75x	as long as short
Lighter 1000BONK	+0.0192%	1h	0.000003586	−0.084%	$249K	$697K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−16.411%	$399	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0585%	1h	0.000003596	+0.195%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0987%	1h	0.000003594	+0.139%	$11.8M	$5.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1538%	1h	0.000003595	+0.167%	$49K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2330%	1h	0.000003604	+0.406%	$231K	$195K	50x	as long as short