Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX+0.028%7-day average −0.007% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.028%, 7d avg −0.007%

Together, before fees−0.093%−$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: Gate is 0.035% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003515	0.0100	pay 0.0050% / 4h	2h 35m	—	$4.9M	—
Short	Gate BONK_USDT	0.000003516	0.0100	get 0.0050% / 4h	2h 35m	$930K	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → −0.007%: $3.53
Slippage, 4 orders: −$56.29
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$77.75
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 3 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, 10 min ago	5.71 bp	20.9 bp −$21	35.9 bp −$359	92.3 bp −$9,230	603.2 bp −$301.6K
Sell Gate live order book, 3 min ago	4.28 bp	21.5 bp −$21	82.6 bp −$826	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	−0.0136%	1h	0.000003479	−1.024%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003520	+0.142%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003515	−0.009%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.856%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003517	+0.070%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0092%	4h	0.000003522	+0.199%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003518	+0.100%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003519	+0.120%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003519	+0.114%	$117K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003521	+0.171%	$18.0M	$71.0M	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	0.000003519	+0.105%	$11.6M	$22.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003518	+0.085%	$2.8M	$11.5M	20x	as long as short
Gate BONK_USDTshort	+0.0100%	4h	0.000003516	+0.028%	$930K	$3.1M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003517	+0.057%	$9.9M	$8.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003516	+0.017%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003520	+0.142%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003515	long leg	—	$4.9M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003510	−0.144%	$326K	$141K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003520	+0.142%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003521	+0.171%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003525	+0.284%	$100K	$129K	30x	as long as short
Lighter 1000BONK	+0.0104%	1h	0.000003524	+0.256%	$249K	$708K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003521	+0.173%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003518	+0.085%	$4K	—	3x	as long as short
ApeX Omni 1000BONKUSDT	+0.0134%	1h	0.000003514	−0.028%	$59K	$705K	25x	as long as short
BloFin 1000BONK-USDT	+0.0145%	4h	0.000003523	+0.228%	$1.0M	$17.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.651%	$388	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0602%	1h	0.000003523	+0.228%	$9K	$134K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1656%	1h	0.000003518	+0.085%	$46K	$17K	10x	as long as short
Hyperliquid kBONK	+0.1664%	1h	0.000003525	+0.284%	$11.9M	$6.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2636%	1h	0.000003527	+0.338%	$216K	$218K	50x	as long as short