Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: KuCoin against Pacifica−0.104%46s7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$830.828% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.104%, 7d avg +0.036%

Together, before fees+0.165%+ Points / potential airdropPacifica: Active · farm board+$17 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: KuCoin is 0.140% cheaper against Pacifica than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.036%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003352	0.0100	pay 0.0013% / 1h	45m 59s	$112K	$106K	10x
Short	KuCoin 1000BONKUSDTM	0.000003348	0.0100	get 0.0050% / 4h	45m 59s	$2.5M	$9.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.036%: −$14
Slippage, 4 orders: −$62.79
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$96.79
Costs to cover: 0.828%
Break-even: never at this rate

Slippage from Pacifica: live order book, 11 min ago; KuCoin: 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, 11 min ago	4.46 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.49 bp	27.1 bp −$27	119.2 bp −$1,192	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	−0.0320%	1h	0.000003340	−0.358%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003352	+0.011%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003349	−0.084%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.327%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0048%	1h	0.000003352	0.000%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0069%	4h	0.000003350	−0.060%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003349	−0.091%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003355	+0.089%	$222K	$667K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003352	0.000%	$26K	$97K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003352	−0.002%	$77K	$250K	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	0.000003352	long leg	$112K	$106K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003348	−0.111%	$16.1M	$58.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003347	−0.143%	$10.6M	$18.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003346	−0.179%	$2.5M	$8.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003349	−0.089%	$811K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003349	−0.089%	$9.2M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003348	−0.104%	$2.5M	$9.7M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003344	−0.239%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003348	−0.119%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003348	−0.123%	$305K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003350	−0.060%	$56K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003358	+0.179%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003353	+0.030%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003351	−0.030%	$95K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003346	−0.176%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003350	−0.060%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0106%	4h	0.000003354	+0.060%	$956K	$14.9M	75x	as long as short
Backpack kBONK_USDC_PERP	+0.0186%	1h	0.000003353	+0.030%	$29K	$7K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−10.501%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.0765%	1h	0.000003354	+0.060%	$9.9M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2510%	1h	0.000003358	+0.185%	$217K	$176K	50x	as long as short