Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Pacifica against OKX+0.084%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.084%, 7d avg +0.005%

Together, before fees−0.047%+ Points / potential airdropPacifica: Active · farm board−$5 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 0.079% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003588	0.0100	pay 0.0100% / 8h	1h 07m	$3.0M	$14.1M	20x
Short	Pacifica kBONK	0.000003591	0.0100	get 0.0013% / 1h	7m 34s	$119K	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.005%: $7.88
Slippage, 4 orders: −$57.99
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$68.11
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Pacifica: live order book, 35 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	2.79 bp	18.9 bp −$19	56.4 bp −$564	doesn't fit	doesn't fit
Sell Pacifica live order book, 35 min ago	6.89 bp	17.5 bp −$17	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	−0.0016%	1h	0.000003579	−0.251%	$45K	$63K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003589	+0.037%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003585	−0.084%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.751%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003586	−0.045%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003586	−0.042%	$57K	$124K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003596	+0.223%	$60K	$303K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003591	+0.084%	$119K	$139K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003590	+0.056%	$18.6M	$81.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003588	0.000%	$12.4M	$25.1M	50x	as long as short

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	0.000003588	long leg	$3.0M	$14.1M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003589	+0.028%	$980K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003593	+0.139%	$12.4M	$9.3M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003592	+0.120%	$3.0M	$10.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003588	0.000%	$4.6M	$4.9M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003589	+0.028%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003553	−0.980%	$334K	$147K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003590	+0.056%	$60K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003587	−0.028%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003594	+0.167%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003588	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003591	+0.084%	$102K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003587	−0.014%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003584	−0.111%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0156%	4h	0.000003595	+0.195%	$1.1M	$19.5M	75x	as long as short
Lighter 1000BONK	+0.0184%	1h	0.000003598	+0.279%	$252K	$750K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−16.388%	$547	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0865%	1h	0.000003590	+0.056%	$35K	$176K	10x	as long as short
Hyperliquid kBONK	+0.1303%	1h	0.000003600	+0.334%	$12.4M	$8.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1624%	1h	0.000003593	+0.139%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3000%	1h	0.000003599	+0.302%	$222K	$223K	50x	as long as short