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 −0.002%

Price spread now: Pacifica against BingX−0.060%47s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as 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−$860.863% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.060%, 7d avg +0.012%

Together, before fees−0.013%+ Points / potential airdropPacifica: Active · farm board−$1 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 0.072% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 47 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	BingX 1000BONK-USDC	0.000003344	0.0100	pay 0.0050% / 4h	2h 10m	—	$6.5M	—
Short	Pacifica kBONK	0.000003342	0.0100	get 0.0013% / 1h	10m 57s	$114K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → +0.012%: −$7.18
Slippage, 4 orders: −$68.26
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$93.43
Costs to cover: 0.863%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Pacifica: live order book, 11 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, 9 min ago	4.46 bp	23.3 bp −$23	71.9 bp −$719	519.5 bp −$52.0K	753.1 bp −$376.5K
Sell Pacifica live order book, 11 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
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003344	0.000%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003343	−0.030%	$1.0M	$13.1M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0049%	1h	0.000003346	+0.060%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0047%	4h	0.000003343	−0.030%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003346	+0.063%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003344	−0.003%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.093%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003343	−0.020%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003347	+0.090%	$197K	$290K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003340	−0.105%	$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	0.000003349	+0.143%	$64K	$251K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003342	−0.060%	$114K	$120K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003344	−0.013%	$15.0M	$51.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003343	−0.042%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003349	+0.150%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003343	−0.030%	$738K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003342	−0.060%	$10.0M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003346	+0.048%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003344	0.000%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003344	long leg	—	$6.5M	—
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003350	+0.179%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003354	+0.309%	$302K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003352	+0.239%	$57K	$695K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003345	+0.030%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003345	+0.030%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003348	+0.122%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003344	0.000%	$4K	—	3x	as long as short
HTX BONK-USDT	+0.0181%	4h	0.000003385	+1.226%	$78K	$123K	30x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.287%	$559	—	100x	as long as short
Hyperliquid kBONK	+0.0735%	1h	0.000003354	+0.299%	$9.9M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1147%	1h	0.000003349	+0.160%	$203K	$148K	50x	as long as short