BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.022%

Price spread now: BloFin against KuCoin+0.212%95s7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.726% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 4 days (all we have)−0.382%−$38 · spread now +0.212%, 7d avg −0.031%

Together, before fees−0.115%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.244% dearer against KuCoin than usual: you sell high and buy low (spread +0.212% now, against its 7-day average of −0.031%): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 days. Mind the row above: over the last 7 days funding on this pair paid +0.266%, so the current rate has only just turned against you. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003530	0.0100	pay 0.0050% / 4h	7m 45s	$2.9M	$11.0M	75x
Short	BloFin 1000BONK-USDT	0.000003538	0.0077	get 0.0038% / 4h	7m 45s	$1.1M	$20.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.212%Rate

Funding earned: −$4.9
Price spread: +0.212% → −0.031%: $24.37
Slippage, 4 orders: −$48.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$53.11
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; BloFin: live order book, 6 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, 11 min ago	2.84 bp	26.6 bp −$27	382.0 bp −$3,820	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	1.41 bp	13.0 bp −$13	33.9 bp −$339	77.8 bp −$7,783	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	+0.042%	$43K	$67K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003531	+0.002%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003531	+0.008%	$24	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0033%	1h	0.000003531	+0.014%	$35K	$164K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.265%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDTshort	+0.0077%	4h	0.000003538	+0.212%	$1.1M	$20.4M	75x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003533	+0.073%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003533	+0.085%	$69K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003534	+0.097%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003531	+0.014%	$119K	$161K	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	0.000003531	+0.017%	$18.5M	$88.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003537	+0.184%	$12.5M	$26.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003546	+0.439%	$3.0M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003539	+0.241%	$952K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003538	+0.212%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003530	long leg	$2.9M	$11.0M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003539	+0.241%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003543	+0.354%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003527	−0.112%	$331K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003530	−0.014%	$59K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003528	−0.071%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003534	+0.099%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003530	−0.014%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003531	+0.014%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003544	+0.388%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003529	−0.042%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.026%	$539	—	100x	as long as short
Lighter 1000BONK	+0.0472%	1h	0.000003534	+0.099%	$247K	$769K	10x	as long as short
Hyperliquid kBONK	+0.0970%	1h	0.000003534	+0.099%	$12.1M	$8.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1768%	1h	0.000003538	+0.212%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4508%	1h	0.000003535	+0.132%	$180K	$275K	50x	as long as short