Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Bitget against Binance+0.078%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.078%, 7d avg −0.020%

Together, before fees+0.088%+$9 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 0.099% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003446	0.0100	pay 0.0050% / 4h	2h 00m	$16.1M	$56.9M	75x
Short	Bitget 1000BONKUSDT	0.000003449	0.0100	get 0.0050% / 4h	2h 00m	$4.3M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → −0.020%: $9.87
Slippage, 4 orders: −$35.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.59
Costs to cover: 0.575%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Bitget: 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 Binance live order book, 12 min ago	1.45 bp	11.6 bp −$12	27.8 bp −$278	204.9 bp −$20.5K	doesn't fit
Sell Bitget live order book, 2 min ago	4.37 bp	15.0 bp −$15	44.7 bp −$447	doesn't fit	doesn't fit

BONK on 30 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	0.000003446	−0.009%	$44K	$27K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003449	+0.087%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003454	+0.215%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0024%	4h	0.000003454	+0.223%	$30K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.000%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0039%	1h	0.000003457	+0.310%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003450	+0.120%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003455	+0.252%	$225K	$678K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003445	−0.023%	$27K	$104K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003455	+0.240%	$81K	$261K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003450	+0.107%	$115K	$123K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003446	long leg	$16.1M	$56.9M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003448	+0.061%	$11.0M	$17.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003448	+0.049%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003451	+0.136%	$896K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003451	+0.136%	$9.7M	$7.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003450	+0.113%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003449	+0.078%	$4.3M	$3.1M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003450	+0.107%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003454	+0.220%	$315K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003430	−0.473%	$58K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003460	+0.398%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003455	+0.252%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003446	−0.009%	$98K	$125K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003448	+0.041%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003454	+0.223%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.950%	$577	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0331%	1h	0.000003455	+0.252%	$31K	$7K	10x	as long as short
Hyperliquid kBONK	+0.1000%	1h	0.000003459	+0.369%	$10.3M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2034%	1h	0.000003463	+0.490%	$224K	$173K	50x	as long as short