Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Binance against Pacifica+0.382%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.395%−$39 · spread now +0.382%, 7d avg +0.003%

Together, before fees−0.525%+ Points / potential airdropPacifica: Active · farm board−$53 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: Binance is 0.379% dearer against Pacifica than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003389	0.0100	pay 0.0013% / 1h	53m 57s	$112K	$125K	10x
Short	Binance 1000BONKUSDT	0.000003402	0.0100	get 0.0050% / 4h	2h 53m	$16.0M	$55.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.382%Rate

Funding earned: $0
Price spread: +0.382% → +0.003%: $37.87
Slippage, 4 orders: −$43.44
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.58
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from Pacifica: live order book, 14 min ago; Binance: live order book, 3 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 Pacifica live order book, 14 min ago	5.87 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.95 bp	10.6 bp −$11	31.8 bp −$318	134.5 bp −$13.4K	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	−0.0336%	1h	0.000003396	+0.207%	$44K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003385	−0.118%	$935K	$14.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0026%	4h	0.000003388	−0.030%	$29K	$39K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003388	−0.017%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003384	−0.153%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.393%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003381	−0.237%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003384	−0.133%	$25K	$113K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003393	+0.110%	$66K	$252K	10x	as long as short
Pacifica kBONKlong	+0.0100%	1h	0.000003389	long leg	$112K	$125K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003402	+0.382%	$16.0M	$55.1M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003401	+0.357%	$10.7M	$17.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003405	+0.472%	$2.5M	$8.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003397	+0.236%	$720K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003402	+0.384%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003403	+0.413%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003402	+0.384%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003396	+0.207%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003378	−0.325%	$307K	$127K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003396	+0.207%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003397	+0.236%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003378	−0.325%	$97K	$161K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003408	+0.567%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003391	+0.059%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.478%	$565	—	100x	as long as short
Lighter 1000BONK	+0.0296%	1h	0.000003401	+0.354%	$353K	$475K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0407%	1h	0.000003400	+0.325%	$30K	$7K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0635%	1h	0.000003393	+0.118%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0762%	1h	0.000003406	+0.502%	$10.0M	$7.5M	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.1068%	1h	0.000003392	+0.089%	$57K	$710K	25x	as long as short
Kraken Futures PF_BONKUSD	+0.2071%	1h	0.000003402	+0.391%	$212K	$165K	50x	as long as short