Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against BingX+0.031%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.031%, 7d avg +0.008%

Together, before fees−0.170%−$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: Binance is 0.023% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003449	0.0100	pay 0.0050% / 4h	1h 57m	—	$5.0M	—
Short	Binance 1000BONKUSDT	0.000003450	0.0100	get 0.0050% / 4h	1h 57m	$17.7M	$89.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.008%: $2.28
Slippage, 4 orders: −$27.44
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.15
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Binance: live order book, 9 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 BingX live order book, 6 min ago	4.33 bp	13.2 bp −$13	24.2 bp −$242	71.5 bp −$7,152	573.6 bp −$286.8K
Sell Binance live order book, 9 min ago	1.44 bp	10.9 bp −$11	27.7 bp −$277	109.6 bp −$11.0K	doesn't fit

BONK on 31 exchanges

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	−0.0056%	1h	0.000003453	+0.116%	$45K	$91K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003448	−0.020%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.074%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0040%	1h	0.000003453	+0.116%	$24K	$162K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003448	−0.039%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003455	+0.174%	$244K	$735K	10x	as long as short
BloFin 1000BONK-USDT	+0.0098%	4h	0.000003457	+0.232%	$1.1M	$19.7M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003451	+0.072%	$68K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003451	+0.057%	$47K	$218K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003455	+0.174%	$115K	$150K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003450	+0.031%	$17.7M	$89.6M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003447	−0.058%	$12.2M	$26.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003450	+0.029%	$3.0M	$14.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003448	−0.029%	$917K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003449	0.000%	$10.9M	$10.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003450	+0.035%	$2.9M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003450	+0.029%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003449	long leg	—	$5.0M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003452	+0.092%	$335K	$126K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003456	+0.203%	$58K	$695K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003455	+0.174%	$29K	$47K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003459	+0.290%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003451	+0.058%	$2K	$10K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003453	+0.116%	$99K	$138K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003448	−0.019%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003455	+0.174%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.018%	$527	—	100x	as long as short
Hyperliquid kBONK	+0.0395%	1h	0.000003453	+0.116%	$11.8M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1108%	1h	0.000003454	+0.145%	$54K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1645%	1h	0.000003456	+0.212%	$176K	$253K	50x	as long as short
dYdX BONK-USD	+0.2866%	1h	0.000003450	+0.029%	$13K	$12K	10x	as long as short