Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: MEXC against KuCoin+0.087%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.087%, 7d avg −0.019%

Together, before fees−0.176%−$18 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 0.106% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 1000BONKUSDTM	0.000003444	0.0100	pay 0.0050% / 4h	1h 43m	$2.9M	$10.7M	75x
Short	MEXC 1000BONK_USDT	0.000003447	0.0100	get 0.0050% / 4h	1h 43m	$10.9M	$10.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.019%: $10.58
Slippage, 4 orders: −$43.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$45.15
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago	1.45 bp	20.1 bp −$20	359.9 bp −$3,599	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.46 bp	2.5 bp −$3	10.6 bp −$106	67.9 bp −$6,787	134.8 bp −$67.4K

BONK on 31 exchanges

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	−0.0056%	1h	0.000003447	+0.087%	$45K	$90K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003437	−0.206%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.936%	$3K	$57	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0041%	1h	0.000003442	−0.058%	$24K	$162K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003435	−0.271%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003447	+0.087%	$244K	$735K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003439	−0.160%	$66K	$133K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003445	+0.043%	$54K	$218K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003439	−0.145%	$114K	$150K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003446	+0.057%	$17.7M	$89.3M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003443	−0.017%	$12.2M	$26.2M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003443	−0.029%	$3.0M	$14.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003441	−0.087%	$907K	$3.3M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003447	+0.087%	$10.9M	$10.6M	125x
KuCoin 1000BONKUSDTMlong	+0.0100%	4h	0.000003444	long leg	$2.9M	$10.7M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003442	−0.058%	$4.4M	$5.2M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003443	−0.029%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003434	−0.301%	$335K	$126K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003439	−0.145%	$58K	$693K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003439	−0.145%	$29K	$46K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003442	−0.058%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003441	−0.087%	$2K	$10K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003449	+0.145%	$98K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003441	−0.077%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003438	−0.174%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0149%	4h	0.000003438	−0.174%	$1.1M	$19.7M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.892%	$525	—	100x	as long as short
Hyperliquid kBONK	+0.0427%	1h	0.000003447	+0.087%	$11.7M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1270%	1h	0.000003448	+0.116%	$54K	$25K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1649%	1h	0.000003446	+0.070%	$175K	$254K	50x	as long as short
dYdX BONK-USD	+0.2297%	1h	0.000003439	−0.140%	$13K	$12K	10x	as long as short