Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Pacifica against MEXC+0.084%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.084%, 7d avg +0.004%

Together, before fees+0.005%+ Points / potential airdropPacifica: Active · farm board+$1 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: Pacifica is 0.080% dearer against MEXC than usual: you sell high and buy low, +$8 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	0.000003563	0.0100	pay 0.0050% / 4h	3h 08m	$9.9M	$7.8M	125x
Short	Pacifica kBONK	0.000003566	0.0100	get 0.0013% / 1h	8m 30s	$122K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.004%: $7.98
Slippage, 4 orders: −$46.2
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.22
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Pacifica: live order book, 44 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, 5 min ago	2.78 bp	6.7 bp −$7	15.3 bp −$153	90.1 bp −$9,014	138.1 bp −$69.0K
Sell Pacifica live order book, 44 min ago	5.72 bp	21.7 bp −$22	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	−0.0312%	1h	0.000003563	0.000%	$45K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003565	+0.067%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003553	−0.286%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.111%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0067%	4h	0.000003558	−0.140%	$1.0M	$17.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0080%	4h	0.000003553	−0.281%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003564	+0.039%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003566	+0.098%	$43K	$111K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003565	+0.063%	$75K	$279K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003566	+0.084%	$122K	$113K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003565	+0.056%	$18.0M	$66.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003560	−0.084%	$11.7M	$20.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003564	+0.028%	$2.7M	$10.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003562	−0.028%	$926K	$2.9M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003563	long leg	$9.9M	$7.8M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003561	−0.045%	$3.0M	$10.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003564	+0.028%	$4.6M	$3.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003563	0.000%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003590	+0.753%	$333K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003577	+0.393%	$60K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003559	−0.112%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003555	−0.225%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003559	−0.112%	$100K	$127K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003562	−0.026%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003548	−0.421%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−15.801%	$394	—	100x	as long as short
Lighter 1000BONK	+0.0216%	1h	0.000003568	+0.140%	$248K	$698K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0313%	1h	0.000003554	−0.253%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.1015%	1h	0.000003574	+0.309%	$11.8M	$5.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1530%	1h	0.000003561	−0.056%	$49K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2358%	1h	0.000003561	−0.060%	$228K	$195K	50x	as long as short