Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.004%

Price spread now: MEXC against Reya−0.166%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. MEXC is 0.166% cheaper against Reya than usual: you would sell low and buy high (spread −0.166% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 32 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003476	0.0083	pay 0.0010% / 1h	54m 50s	$4	—	15x
Short	MEXC 1000BONK_USDT	0.000003470	0.0100	get 0.0050% / 4h	2h 54m	$11.0M	$10.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now −0.166%Rate

Funding earned: $3.6
Price spread: −0.166% → 0.000%: −$16.6
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$19.01
Costs to cover: 0.060%
Break-even: 44.0 days

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	1.43 bp	5.1 bp −$5	10.6 bp −$106	75.0 bp −$7,500	131.2 bp −$65.6K

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0096%	1h	0.000003510	+0.985%	$47K	$94K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003513	+1.085%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.805%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0038%	1h	0.000003475	−0.022%	$24K	$162K	10x	as long as short
BloFin 1000BONK-USDT	+0.0067%	4h	0.000003474	−0.051%	$1.1M	$19.8M	75x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003476	long leg	$4	—	15x
Nado kBONK-PERP	+0.0100%	1h	0.000003474	−0.037%	$64K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003473	−0.082%	$48K	$282K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003484	+0.237%	$116K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003468	−0.209%	$17.8M	$91.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003462	−0.399%	$12.3M	$27.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003467	−0.252%	$3.0M	$15.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003467	−0.252%	$916K	$3.3M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003470	−0.166%	$11.0M	$10.5M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003470	−0.166%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003463	−0.367%	$4.4M	$5.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003464	−0.339%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003497	+0.606%	$341K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003500	+0.697%	$59K	$697K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003474	−0.051%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003501	+0.726%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003471	−0.137%	$2K	$10K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003480	+0.122%	$99K	$136K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003467	−0.240%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003474	−0.051%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0112%	1h	0.000003463	−0.367%	$244K	$736K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.688%	$531	—	100x	as long as short
Hyperliquid kBONK	+0.0442%	1h	0.000003471	−0.137%	$11.8M	$8.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1215%	1h	0.000003473	−0.080%	$54K	$24K	10x	as long as short
dYdX BONK-USD	+0.1580%	1h	0.000003480	+0.122%	$13K	$10K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1826%	1h	0.000003472	−0.096%	$177K	$273K	50x	as long as short