Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against OKX−0.008%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.008%, 7d avg −0.005%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003696	0.0100	pay 0.0100% / 8h	1h 37m	$3.1M	$13.6M	20x
Short	Bybit 1000BONKUSDT	0.000003696	0.0100	get 0.0050% / 4h	1h 37m	$12.7M	$24.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.005%: −$0.3
Slippage, 4 orders: −$48.69
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$69.99
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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 OKX live order book, 1 min ago	2.71 bp	16.9 bp −$17	72.5 bp −$725	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.36 bp	14.4 bp −$14	36.0 bp −$360	153.1 bp −$15.3K	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	−0.0016%	1h	0.000003673	−0.622%	$45K	$55K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003695	−0.018%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003680	−0.444%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−11.418%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003696	+0.011%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003697	+0.014%	$55K	$121K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003701	+0.135%	$62K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003687	−0.244%	$123K	$134K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003700	+0.108%	$19.2M	$78.3M	75x	as long as short
Bybit 1000BONKUSDTshort	+0.0100%	4h	0.000003696	−0.008%	$12.7M	$24.2M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003696	long leg	$3.1M	$13.6M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003697	+0.027%	$1.0M	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003693	−0.081%	$12.6M	$8.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003694	−0.068%	$3.0M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003690	−0.162%	$4.7M	$4.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003697	+0.027%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003680	−0.437%	$345K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003680	−0.433%	$62K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003695	−0.027%	$32K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003699	+0.081%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003692	−0.108%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003686	−0.271%	$104K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003692	−0.119%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003689	−0.189%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0110%	4h	0.000003689	−0.189%	$1.1M	$19.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.3950%	1h	0.000003000	−18.831%	$564	—	100x	as long as short
Lighter 1000BONK	+0.0272%	1h	0.000003690	−0.162%	$255K	$743K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0833%	1h	0.000003698	+0.054%	$26K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1255%	1h	0.000003704	+0.216%	$12.7M	$7.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1751%	1h	0.000003694	−0.054%	$57K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2910%	1h	0.000003710	+0.382%	$229K	$221K	50x	as long as short