Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Gate against Pacifica−0.030%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$910.906% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.030%, 7d avg −0.030%

Together, before fees+0.005%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003381	0.0100	pay 0.0013% / 1h	55m 33s	$112K	$125K	10x
Short	Gate BONK_USDT	0.000003380	0.0100	get 0.0050% / 4h	2h 55m	$718K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.030%: $0.06
Slippage, 4 orders: −$67.58
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$90.52
Costs to cover: 0.906%
Break-even: never at this rate

Slippage from Pacifica: live order book, 12 min ago; Gate: live order book, 2 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, 12 min ago	5.87 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.94 bp	25.7 bp −$26	101.8 bp −$1,018	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	0.000003376	−0.148%	$43K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003393	+0.355%	$937K	$14.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0027%	4h	0.000003379	−0.059%	$29K	$39K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003379	−0.046%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003380	−0.030%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003380	−0.038%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.165%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003381	−0.001%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003382	+0.030%	$25K	$113K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003383	+0.072%	$66K	$252K	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	0.000003381	long leg	$112K	$125K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003383	+0.046%	$15.9M	$55.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003379	−0.059%	$10.6M	$17.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003381	0.000%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDTshort	+0.0100%	4h	0.000003380	−0.030%	$718K	$2.5M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003381	0.000%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003381	−0.003%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003380	−0.030%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003382	+0.030%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003378	−0.089%	$307K	$127K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003386	+0.148%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003381	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003380	−0.030%	$95K	$161K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003383	+0.051%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003382	+0.030%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.269%	$564	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003386	+0.148%	$352K	$474K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0469%	1h	0.000003378	−0.089%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0710%	1h	0.000003387	+0.177%	$10.0M	$7.5M	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.1068%	1h	0.000003392	+0.325%	$57K	$710K	25x	as long as short
Kraken Futures PF_BONKUSD	+0.2081%	1h	0.000003386	+0.155%	$211K	$165K	50x	as long as short