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 −0.004%

Price spread now: Binance against KuCoin+0.064%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$850.850% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.064%, 7d avg −0.011%

Together, before fees−0.125%−$12 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: Binance is 0.074% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003509	0.0100	pay 0.0050% / 4h	50m 27s	$3.0M	$10.9M	75x
Short	Binance 1000BONKUSDT	0.000003511	0.0100	get 0.0050% / 4h	50m 27s	$18.1M	$83.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.011%: $7.45
Slippage, 4 orders: −$63.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$77.6
Costs to cover: 0.850%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Binance: 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 KuCoin live order book, 8 min ago	2.84 bp	29.2 bp −$29	496.5 bp −$4,965	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.42 bp	12.2 bp −$12	27.8 bp −$278	92.9 bp −$9,289	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	0.000003505	−0.114%	$43K	$63K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003516	+0.208%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003510	+0.031%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.697%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0035%	1h	0.000003510	+0.028%	$34K	$165K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003512	+0.082%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0090%	4h	0.000003515	+0.171%	$1.1M	$19.5M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003510	+0.028%	$61K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003514	+0.156%	$58K	$318K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003505	−0.114%	$116K	$141K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003511	+0.064%	$18.1M	$83.9M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003508	−0.028%	$12.1M	$25.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003512	+0.085%	$2.9M	$14.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003502	−0.199%	$961K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003513	+0.114%	$11.6M	$9.5M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003509	long leg	$3.0M	$10.9M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003508	−0.028%	$4.5M	$5.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003502	−0.199%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003506	−0.091%	$330K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003513	+0.114%	$59K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003509	0.000%	$30K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003520	+0.313%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003510	+0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003512	+0.085%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003504	−0.155%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003507	−0.057%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.506%	$536	—	100x	as long as short
Lighter 1000BONK	+0.0448%	1h	0.000003508	−0.028%	$247K	$755K	10x	as long as short
Hyperliquid kBONK	+0.1093%	1h	0.000003517	+0.228%	$12.1M	$8.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1387%	1h	0.000003517	+0.228%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4526%	1h	0.000003521	+0.351%	$180K	$261K	50x	as long as short