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 0.000%

Price spread now: KuCoin against Gate−0.011%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1001.000% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.011%, 7d avg +0.025%

Together, before fees−0.021%−$2 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: KuCoin is 0.036% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BONK_USDT	0.000003633	0.0100	pay 0.0050% / 4h	2h 03m	$984K	$3.3M	50x
Short	KuCoin 1000BONKUSDTM	0.000003633	0.0100	get 0.0050% / 4h	2h 03m	$3.0M	$10.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → +0.025%: −$3.63
Slippage, 4 orders: −$73.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.67
Costs to cover: 1.000%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	5.46 bp	24.8 bp −$25	108.1 bp −$1,081	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.37 bp	27.0 bp −$27	125.5 bp −$1,255	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	−0.0136%	1h	0.000003624	−0.248%	$44K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003630	−0.083%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003616	−0.479%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.882%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003639	+0.160%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003636	+0.086%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003631	−0.055%	$123K	$129K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003636	+0.071%	$18.7M	$75.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003631	−0.055%	$12.2M	$23.4M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003640	+0.193%	$2.9M	$12.8M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BONK_USDTlong	+0.0100%	4h	0.000003633	long leg	$984K	$3.3M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003632	−0.028%	$11.2M	$8.5M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003633	−0.011%	$3.0M	$10.7M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003634	+0.028%	$4.6M	$4.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003633	0.000%	—	$4.9M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003643	+0.271%	$337K	$142K	—	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003638	+0.138%	$51K	$119K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003617	−0.440%	$31K	$53K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003621	−0.330%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003618	−0.413%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003631	−0.055%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003636	+0.081%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003617	−0.440%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0158%	4h	0.000003645	+0.330%	$1.1M	$18.8M	75x	as long as short
Lighter 1000BONK	+0.0192%	1h	0.000003636	+0.083%	$254K	$739K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.424%	$399	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0245%	1h	0.000003647	+0.385%	$62K	$704K	25x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0579%	1h	0.000003620	−0.358%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1554%	1h	0.000003646	+0.358%	$12.1M	$7.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1649%	1h	0.000003623	−0.275%	$49K	$18K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2562%	1h	0.000003629	−0.104%	$224K	$219K	50x	as long as short