BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.022%

Price spread now: BloFin against Gate+0.255%7-day average +0.034% · 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−$58as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 4 days (all we have)−0.371%−$37 · spread now +0.255%, 7d avg +0.034%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.221% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BONK_USDT	0.000003534	0.0100	pay 0.0050% / 4h	17m 09s	$952K	$3.6M	50x
Short	BloFin 1000BONK-USDT	0.000003543	0.0146	get 0.0073% / 4h	17m 09s	$1.1M	$20.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.255%Rate

Funding earned: $9.66
Price spread: +0.255% → +0.034%: $22.07
Slippage, 4 orders: −$52.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.09
Costs to cover: 0.798%
Break-even: 41.8 days

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 7 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 Gate live order book, 1 min ago	2.84 bp	17.7 bp −$18	91.1 bp −$911	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	2.87 bp	17.1 bp −$17	21.2 bp −$212	67.9 bp −$6,785	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	−0.0040%	1h	0.000003532	−0.057%	$43K	$66K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003535	+0.037%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003539	+0.133%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.357%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003539	+0.154%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003539	+0.156%	$69K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003532	−0.050%	$59K	$321K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003537	+0.085%	$119K	$158K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003535	+0.028%	$18.5M	$87.7M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003529	−0.141%	$12.4M	$26.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003532	−0.057%	$3.0M	$15.0M	20x	as long as short
Gate BONK_USDTlong	+0.0100%	4h	0.000003534	long leg	$952K	$3.6M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003538	+0.113%	$11.1M	$9.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003537	+0.091%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003535	+0.028%	$4.6M	$5.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003539	+0.141%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003531	−0.074%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003534	0.000%	$60K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003539	+0.141%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003548	+0.396%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003538	+0.113%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003538	+0.113%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003537	+0.087%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003534	0.000%	$4K	—	3x	as long as short
BloFin 1000BONK-USDTshort	+0.0146%	4h	0.000003543	+0.255%	$1.1M	$20.4M	75x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.110%	$540	—	100x	as long as short
Lighter 1000BONK	+0.0440%	1h	0.000003540	+0.170%	$248K	$768K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0882%	1h	0.000003538	+0.113%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0998%	1h	0.000003543	+0.255%	$12.1M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1694%	1h	0.000003544	+0.283%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4496%	1h	0.000003544	+0.295%	$181K	$275K	50x	as long as short