BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.022%

Price spread now: BloFin against MEXC−0.088%64s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as 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−$340.336% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.359%+$36 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.088%, 7d avg −0.003%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.086% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.359%, so the current rate has only just turned against you. The two prices were read 64 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	MEXC 1000BONK_USDT	0.000003394	0.0100	pay 0.0050% / 4h	49m 54s	$10.7M	$10.9M	125x
Short	BloFin 1000BONK-USDT	0.000003391	0.0075	get 0.0037% / 4h	49m 54s	$1.0M	$19.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$5.28
Price spread: −0.088% → −0.003%: −$8.58
Slippage, 4 orders: −$21.58
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$47.43
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BloFin: 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, 1 min ago	1.47 bp	4.0 bp −$4	8.8 bp −$88	65.9 bp −$6,590	128.2 bp −$64.1K
Sell BloFin live order book, 2 min ago	4.42 bp	17.3 bp −$17	23.7 bp −$237	65.2 bp −$6,524	doesn't fit

BONK on 31 exchanges

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
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003399	+0.156%	$23	—	150x	as long as short
Coinbase International 1000BONK-PERP-INTX	+0.0032%	1h	0.000003410	+0.471%	$44K	$89K	50x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.536%	$3K	$57	5.5x	as long as short
dYdX BONK-USD	+0.0058%	1h	0.000003390	−0.114%	$13K	$12K	10x	as long as short
BloFin 1000BONK-USDTshort	+0.0075%	4h	0.000003391	−0.088%	$1.0M	$19.7M	75x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003397	+0.077%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003395	+0.029%	$228K	$752K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003398	+0.133%	$63K	$134K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003394	0.000%	$46K	$210K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003393	−0.029%	$113K	$150K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003392	−0.059%	$17.3M	$90.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003388	−0.171%	$11.7M	$26.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003388	−0.177%	$2.9M	$14.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003388	−0.177%	$903K	$3.3M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003394	long leg	$10.7M	$10.9M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003398	+0.118%	$2.8M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003389	−0.147%	$4.3M	$5.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003391	−0.088%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003389	−0.159%	$320K	$137K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003396	+0.059%	$57K	$694K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003397	+0.088%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003397	+0.088%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003397	+0.088%	$2K	$9K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003392	−0.059%	$90K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003387	−0.211%	$21K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003396	+0.059%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.1287%	1h	0.000003000	−11.609%	$402	—	100x	as long as short
Hyperliquid kBONK	+0.0366%	1h	0.000003394	0.000%	$11.6M	$8.2M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0634%	1h	0.000003398	+0.118%	$23K	$152K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1171%	1h	0.000003397	+0.088%	$53K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1405%	1h	0.000003396	+0.060%	$175K	$256K	50x	as long as short