Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Bitget against Pacifica−0.059%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

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

costs, in and out, $10k−$680.679% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.059%, 7d avg −0.035%

Together, before fees+0.139%+ Points / potential airdropPacifica: Active · farm board+$14 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: Bitget is 0.024% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003408	0.0100	pay 0.0013% / 1h	44m 28s	$115K	$115K	10x
Short	Bitget 1000BONKUSDT	0.000003406	0.0100	get 0.0050% / 4h	1h 44m	$4.3M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.035%: −$2.42
Slippage, 4 orders: −$47.88
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.3
Costs to cover: 0.679%
Break-even: never at this rate

Slippage from Pacifica: live order book, 18 min ago; Bitget: 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, 18 min ago	4.35 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.95 bp	14.9 bp −$15	31.8 bp −$318	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	−0.0336%	1h	0.000003381	−0.792%	$46K	$31K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003402	−0.176%	$950K	$15.2M	75x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003404	−0.107%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003407	−0.041%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.932%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0040%	4h	0.000003407	−0.029%	$29K	$58K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003404	−0.117%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	−0.017%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003409	+0.029%	$225K	$670K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003409	+0.044%	$27K	$101K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003410	+0.072%	$79K	$256K	10x	as long as short
Pacifica kBONKlong	+0.0100%	1h	0.000003408	long leg	$115K	$115K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003407	−0.029%	$16.0M	$57.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003407	−0.021%	$10.8M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003406	−0.059%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003406	−0.059%	$850K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003406	−0.059%	$9.7M	$7.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003409	+0.029%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003406	−0.059%	$4.3M	$3.0M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003406	−0.059%	—	$4.7M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003407	−0.029%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003392	−0.458%	$308K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003394	−0.411%	$57K	$707K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003408	0.000%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003405	−0.088%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003409	+0.029%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003404	−0.128%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	−0.235%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.972%	$569	—	100x	as long as short
Hyperliquid kBONK	+0.0666%	1h	0.000003415	+0.205%	$10.1M	$5.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2037%	1h	0.000003412	+0.105%	$220K	$174K	50x	as long as short