Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Gate against Bitget0.000%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$920.915% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now 0.000%, 7d avg +0.002%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003406	0.0100	pay 0.0050% / 4h	3h 05m	$4.3M	$3.0M	75x
Short	Gate BONK_USDT	0.000003406	0.0100	get 0.0050% / 4h	3h 05m	$728K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.002%: −$0.17
Slippage, 4 orders: −$64.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$91.71
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	4.39 bp	17.7 bp −$18	50.7 bp −$507	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.93 bp	27.5 bp −$28	95.9 bp −$959	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	−0.0376%	1h	0.000003371	−1.028%	$43K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003416	+0.294%	$1.0M	$14.7M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0035%	4h	0.000003403	−0.088%	$29K	$39K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003417	+0.332%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003406	+0.006%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.876%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	+0.040%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003409	+0.103%	$19K	$99K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003409	+0.098%	$65K	$253K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003414	+0.235%	$113K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003408	+0.054%	$15.8M	$53.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003404	−0.059%	$10.7M	$17.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003409	+0.088%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDTshort	+0.0100%	4h	0.000003406	0.000%	$728K	$2.6M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003407	+0.029%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003407	+0.023%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003406	long leg	$4.3M	$3.0M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003405	−0.029%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003406	−0.004%	$312K	$125K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003424	+0.528%	$58K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003416	+0.294%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003408	+0.059%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003439	+0.969%	$95K	$156K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003407	+0.019%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003403	−0.088%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.920%	$569	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0337%	1h	0.000003407	+0.029%	$2K	$110K	10x	as long as short
Lighter 1000BONK	+0.0376%	1h	0.000003413	+0.206%	$354K	$475K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0407%	1h	0.000003410	+0.117%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0597%	1h	0.000003413	+0.206%	$9.7M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1457%	1h	0.000003420	+0.416%	$213K	$165K	50x	as long as short