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 Bybit+0.090%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.090%, 7d avg +0.003%

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 0.087% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003542	0.0100	pay 0.0050% / 4h	5m 20s	$12.6M	$26.9M	50x
Short	MEXC 1000BONK_USDT	0.000003545	0.0100	get 0.0050% / 4h	5m 20s	$11.5M	$9.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.003%: $8.74
Slippage, 4 orders: −$30.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.05
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.42 bp	16.1 bp −$16	36.4 bp −$364	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.42 bp	3.6 bp −$4	9.6 bp −$96	68.3 bp −$6,826	128.5 bp −$64.2K

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	−0.0040%	1h	0.000003541	−0.023%	$42K	$68K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003541	−0.036%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003543	+0.025%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.561%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0046%	4h	0.000003545	+0.090%	$1.1M	$20.5M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003547	+0.133%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003548	+0.175%	$70K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003547	+0.139%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003544	+0.062%	$119K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003545	+0.090%	$18.6M	$88.2M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003542	long leg	$12.6M	$26.9M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003545	+0.090%	$3.0M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003543	+0.034%	$953K	$3.6M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003545	+0.090%	$11.5M	$9.8M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003544	+0.068%	$3.0M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003542	+0.006%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003543	+0.034%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003537	−0.149%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003537	−0.136%	$60K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003546	+0.119%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003550	+0.232%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003545	+0.090%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003548	+0.175%	$101K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003543	+0.038%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003540	−0.051%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.297%	$541	—	100x	as long as short
Lighter 1000BONK	+0.0488%	1h	0.000003549	+0.203%	$248K	$769K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0597%	1h	0.000003545	+0.090%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0965%	1h	0.000003551	+0.260%	$12.2M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1782%	1h	0.000003547	+0.147%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4489%	1h	0.000003550	+0.234%	$181K	$275K	50x	as long as short