Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.010%

Price spread now: BloFin against Pacifica+0.059%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$500.504% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.059%, 7d avg +0.019%

Together, before fees+0.136%+ Points / potential airdropPacifica: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.040% dearer against Pacifica than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.019%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you.

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	40m 29s	$114K	$123K	10x
Short	BloFin 1000BONK-USDT	0.000003391	−0.0140	pay 0.0070% / 4h	3h 40m	$1.0M	$14.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$50.4
Price spread: +0.059% → +0.019%: $3.99
Slippage, 4 orders: −$30.44
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$96.85
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from Pacifica: live order book, 32 min ago; BloFin: 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, 32 min ago	5.97 bp	16.7 bp −$17	26.2 bp −$262	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	2.95 bp	11.7 bp −$12	25.9 bp −$259	73.6 bp −$7,363	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	−0.0376%	1h	0.000003390	+0.030%	$43K	$23K	50x	as long as short
BloFin 1000BONK-USDTshort	−0.0140%	4h	0.000003391	+0.059%	$1.0M	$14.3M	75x
Orderly PERP_1000BONK_USDC	−0.0057%	4h	0.000003390	+0.030%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003389	+0.012%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003389	+0.014%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003390	+0.030%	$2K	$110K	10x	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	0.000003392	+0.103%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003392	+0.074%	$19K	$103K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003391	+0.063%	$65K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONKlong	+0.0100%	1h	0.000003389	long leg	$114K	$123K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003391	+0.071%	$15.5M	$53.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003391	+0.065%	$10.5M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003393	+0.118%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003391	+0.059%	$727K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003388	−0.030%	$9.9M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003390	+0.035%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003392	+0.089%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003390	+0.030%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003394	+0.147%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003380	−0.266%	$57K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003395	+0.177%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003391	+0.059%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003400	+0.325%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003390	+0.023%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003390	+0.030%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.478%	$566	—	100x	as long as short
Lighter 1000BONK	+0.0240%	1h	0.000003394	+0.148%	$307K	$415K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0289%	1h	0.000003392	+0.089%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0590%	1h	0.000003402	+0.384%	$10.1M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1466%	1h	0.000003399	+0.302%	$208K	$156K	50x	as long as short