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 +0.005%

Price spread now: KuCoin against MEXC−0.086%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$760.761% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.086%, 7d avg +0.018%

Together, before fees+0.145%+$15 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: KuCoin is 0.104% cheaper against MEXC than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003508	0.0100	pay 0.0050% / 4h	2h 30m	$9.9M	$8.1M	125x
Short	KuCoin 1000BONKUSDTM	0.000003505	0.0100	get 0.0050% / 4h	2h 30m	$3.0M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → +0.018%: −$10.4
Slippage, 4 orders: −$64.15
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$86.54
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 3 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	1.43 bp	6.3 bp −$6	12.2 bp −$122	78.1 bp −$7,812	130.1 bp −$65.1K
Sell KuCoin live order book, 3 min ago	2.85 bp	36.7 bp −$37	147.9 bp −$1,479	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	−0.0136%	1h	0.000003505	−0.086%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003509	+0.041%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003500	−0.222%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.670%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0078%	4h	0.000003506	−0.057%	$1.0M	$17.7M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003502	−0.158%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0092%	4h	0.000003502	−0.171%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003505	−0.071%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003509	+0.029%	$58K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003506	−0.057%	$117K	$123K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003507	−0.034%	$17.9M	$71.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003504	−0.111%	$11.5M	$22.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003503	−0.143%	$2.8M	$11.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003503	−0.143%	$924K	$3.1M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003508	long leg	$9.9M	$8.1M	125x
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003505	−0.086%	$3.0M	$10.3M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003502	−0.171%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003506	−0.057%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003499	−0.244%	$325K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003497	−0.314%	$59K	$703K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003507	−0.029%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003502	−0.171%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003504	−0.114%	$100K	$130K	30x	as long as short
Lighter 1000BONK	+0.0104%	1h	0.000003517	+0.257%	$247K	$714K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003504	−0.112%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003474	−0.969%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.481%	$387	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0321%	1h	0.000003503	−0.143%	$9K	$134K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1621%	1h	0.000003508	0.000%	$46K	$17K	10x	as long as short
Hyperliquid kBONK	+0.1650%	1h	0.000003510	+0.057%	$11.8M	$6.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2651%	1h	0.000003507	−0.025%	$215K	$218K	50x	as long as short