Funding arb · Price arb /

BONK

all BONK markets

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: MEXC against Nado−0.015%7-day average −0.004% · you buy dearer than you sell

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

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

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

Long on Nado Short on MEXC

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)−0.388%−$39 · spread now −0.015%, 7d avg −0.004%

Together, before fees−0.378%+ Points / potential airdropNado: Active · farm board−$38 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado kBONK-PERP	0.000003356	0.0100	pay 0.0012% / 1h	14m 16s	$19K	$109K	10x
Short	MEXC 1000BONK_USDT	0.000003356	0.0100	get 0.0050% / 4h	2h 14m	$10.2M	$6.7M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Nado. 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 NadobpFee MEXCbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → −0.004%: −$1.13
Slippage, 4 orders: −$37.51
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$45.64
Costs to cover: 0.445%
Break-even: 15315742925579.7 days

Slippage from Nado: live order book, 8 min ago; MEXC: live order book, 4 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 Nado live order book, 8 min ago	2.97 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.49 bp	4.2 bp −$4	9.0 bp −$90	59.4 bp −$5,937	131.1 bp −$65.6K

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	−0.372%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003352	−0.134%	$1.0M	$13.1M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0048%	1h	0.000003355	−0.045%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0044%	4h	0.000003356	−0.015%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003357	+0.003%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003358	+0.038%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.458%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003355	−0.036%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003358	+0.045%	$198K	$290K	10x	as long as short
Nado kBONK-PERPlong	+0.0100%	1h	0.000003356	long leg	$19K	$109K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003358	+0.050%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003358	+0.045%	$114K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003356	−0.025%	$15.1M	$51.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003355	−0.045%	$10.2M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003358	+0.045%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003354	−0.074%	$741K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003356	−0.015%	$10.2M	$6.7M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003356	−0.012%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003355	−0.045%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003355	−0.045%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003358	+0.045%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003354	−0.064%	$302K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003362	+0.164%	$57K	$694K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003361	+0.134%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003356	−0.015%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003385	+0.849%	$78K	$122K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003355	−0.044%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003354	−0.074%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.621%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.0748%	1h	0.000003364	+0.223%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1143%	1h	0.000003361	+0.142%	$204K	$148K	50x	as long as short