BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.008%

Price spread now: BloFin against Bitget+0.326%105s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$660.660% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 4 days (all we have)−0.928%−$93 · spread now +0.326%, 7d avg +0.060%

Together, before fees−0.695%−$70 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.266% dearer against Bitget than usual: you sell high and buy low (spread +0.326% now, against its 7-day average of +0.060%): +$27 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 33 days. Mind the row above: over the last 7 days funding on this pair paid +0.233%, so the current rate has only just turned against you. The two prices were read 105 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	Bitget 1000BONKUSDT	0.000003370	0.0100	pay 0.0050% / 4h	1h 07m	$4.3M	$3.0M	75x
Short	BloFin 1000BONK-USDT	0.000003381	0.0073	get 0.0037% / 4h	1h 07m	$955K	$15.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.326%Rate

Funding earned: −$5.58
Price spread: +0.326% → +0.060%: $26.6
Slippage, 4 orders: −$41.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$44.97
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 6 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 Bitget live order book, 5 min ago	4.44 bp	23.8 bp −$24	57.3 bp −$573	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	4.41 bp	13.1 bp −$13	18.8 bp −$188	52.6 bp −$5,256	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	−0.0336%	1h	0.000003372	+0.059%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003375	+0.158%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003378	+0.240%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.849%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0046%	1h	0.000003376	+0.178%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0064%	4h	0.000003373	+0.089%	$29K	$57K	20x	as long as short
BloFin 1000BONK-USDTshort	+0.0073%	4h	0.000003381	+0.326%	$955K	$15.0M	75x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003372	+0.056%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003377	+0.208%	$223K	$670K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003375	+0.137%	$78K	$250K	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	0.000003375	+0.148%	$113K	$104K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003375	+0.142%	$16.2M	$57.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003372	+0.053%	$10.7M	$18.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003372	+0.059%	$2.5M	$8.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003375	+0.148%	$839K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003374	+0.119%	$9.5M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003374	+0.113%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003370	long leg	$4.3M	$3.0M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003375	+0.148%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003378	+0.237%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003386	+0.485%	$307K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003378	+0.237%	$57K	$706K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003373	+0.104%	$27K	$96K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003383	+0.386%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003377	+0.208%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	+0.593%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003373	+0.091%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003374	+0.119%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−10.979%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0805%	1h	0.000003381	+0.326%	$10.0M	$4.7M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2053%	1h	0.000003385	+0.439%	$219K	$174K	50x	as long as short