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 −0.005%

Price spread now: MEXC against BingX+0.086%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.086%, 7d avg 0.000%

Together, before fees−0.237%−$24 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: MEXC is 0.086% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003500	0.0100	pay 0.0050% / 4h	3h 45m	—	$4.6M	—
Short	MEXC 1000BONK_USDT	0.000003503	0.0100	get 0.0050% / 4h	3h 45m	$9.6M	$7.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → 0.000%: $8.61
Slippage, 4 orders: −$28.55
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.94
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; MEXC: 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, 5 min ago	4.30 bp	15.8 bp −$16	28.7 bp −$287	106.4 bp −$10.6K	610.1 bp −$305.0K
Sell MEXC live order book, 3 min ago	1.43 bp	3.4 bp −$3	11.7 bp −$117	89.8 bp −$8,984	139.5 bp −$69.8K

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	−0.0312%	1h	0.000003488	−0.343%	$44K	$38K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003490	−0.275%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003499	−0.026%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.457%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0049%	4h	0.000003503	+0.086%	$989K	$16.1M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0081%	4h	0.000003500	0.000%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003497	−0.088%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003504	+0.114%	$234K	$679K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003494	−0.157%	$36K	$102K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003496	−0.105%	$81K	$251K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003489	−0.314%	$116K	$105K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003502	+0.057%	$17.0M	$61.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003499	−0.017%	$11.4M	$19.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003498	−0.057%	$2.6M	$9.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003499	−0.029%	$867K	$2.7M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003503	+0.086%	$9.6M	$7.3M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003499	−0.023%	$3.1M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003500	0.000%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003500	long leg	—	$4.6M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003488	−0.346%	$323K	$138K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003487	−0.371%	$59K	$705K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003498	−0.057%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003503	+0.086%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003506	+0.171%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003502	+0.043%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003499	−0.029%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.286%	$584	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0607%	1h	0.000003505	+0.143%	$6K	$123K	10x	as long as short
Hyperliquid kBONK	+0.0817%	1h	0.000003503	+0.086%	$10.3M	$4.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0954%	1h	0.000003503	+0.086%	$32K	$8K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2393%	1h	0.000003509	+0.244%	$224K	$178K	50x	as long as short