Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Pacifica against Binance+0.220%58s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$530.525% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.220%, 7d avg −0.005%

Together, before fees−0.149%+ Points / potential airdropPacifica: Active · farm board−$15 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: Pacifica is 0.225% dearer against Binance than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 58 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	Binance 1000BONKUSDT	0.000003336	0.0100	pay 0.0050% / 4h	2h 06m	$14.9M	$51.1M	75x
Short	Pacifica kBONK	0.000003343	0.0100	get 0.0013% / 1h	6m 45s	$114K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.220%Rate

Funding earned: $0
Price spread: +0.220% → −0.005%: $22.5
Slippage, 4 orders: −$34.55
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$30.05
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Pacifica: live order book, 16 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, 5 min ago	1.50 bp	6.5 bp −$6	27.4 bp −$274	182.5 bp −$18.3K	doesn't fit
Sell Pacifica live order book, 16 min ago	4.45 bp	19.4 bp −$19	doesn't fit	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
Deribit 1000BONK_USDC-PERPETUAL	−0.0648%	1h	0.000003336	+0.010%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003332	−0.110%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003338	+0.070%	$1.0M	$13.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0049%	4h	0.000003335	−0.020%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003339	+0.088%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003336	+0.005%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−1.849%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003336	+0.019%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003336	+0.010%	$197K	$290K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003336	+0.010%	$19K	$108K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003340	+0.133%	$64K	$251K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003343	+0.220%	$114K	$120K	10x
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003336	long leg	$14.9M	$51.1M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003333	−0.080%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003334	−0.050%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003337	+0.040%	$737K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003337	+0.040%	$10.0M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003337	+0.040%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003333	−0.080%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003335	−0.020%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003338	+0.070%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003341	+0.173%	$301K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003346	+0.310%	$57K	$696K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003343	+0.220%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003335	−0.020%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003336	+0.012%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003334	−0.050%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.063%	$558	—	100x	as long as short
HTX BONK-USDT	+0.0563%	4h	0.000003376	+1.209%	$78K	$123K	30x	as long as short
Hyperliquid kBONK	+0.0735%	1h	0.000003343	+0.220%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1150%	1h	0.000003341	+0.159%	$203K	$148K	50x	as long as short