Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: Nado against MEXC+0.135%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.268%+$27 · spread now +0.135%, 7d avg +0.004%

Together, before fees+0.258%+ Points / potential airdropNado: Active · farm board+$26 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: Nado is 0.131% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003342	0.0100	pay 0.0050% / 4h	2h 09m	$10.0M	$6.7M	125x
Short	Nado kBONK-PERP	0.000003346	0.0100	get 0.0012% / 1h	9m 25s	$19K	$108K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.004%: $13.11
Slippage, 4 orders: −$37.51
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$31.4
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Nado: live order book, 13 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, 9 min ago	1.49 bp	7.0 bp −$7	14.0 bp −$140	63.6 bp −$6,362	119.6 bp −$59.8K
Sell Nado live order book, 13 min ago	2.97 bp	14.9 bp −$15	doesn't fit	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	−0.0320%	1h	0.000003344	+0.060%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003343	+0.030%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0046%	4h	0.000003350	+0.239%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003349	+0.197%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003348	+0.175%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003352	+0.299%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.035%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003346	+0.134%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003348	+0.180%	$197K	$290K	10x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003346	+0.135%	$19K	$108K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003350	+0.227%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003350	+0.239%	$114K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003349	+0.206%	$15.0M	$51.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003347	+0.147%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003349	+0.209%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003346	+0.120%	$739K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003342	long leg	$10.0M	$6.7M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003348	+0.189%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003347	+0.150%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003347	+0.150%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003353	+0.329%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003341	−0.017%	$301K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003342	0.000%	$57K	$696K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003353	+0.329%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003351	+0.269%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003346	+0.126%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003347	+0.150%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.233%	$559	—	100x	as long as short
HTX BONK-USDT	+0.0326%	4h	0.000003380	+1.137%	$78K	$123K	30x	as long as short
Hyperliquid kBONK	+0.0737%	1h	0.000003354	+0.359%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1145%	1h	0.000003355	+0.388%	$204K	$148K	50x	as long as short