Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.025%

Price spread now: dYdX against MEXC−0.104%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.104% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003490	0.0100	pay 0.0050% / 4h	2h 24m	$10.3M	$8.2M	125x
Short	dYdX BONK-USD	0.000003486	0	get 0.0000% / 1h	24m 44s	$13K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$21
Price spread: −0.104% → 0.000%: −$10.39
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$41.39
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; dYdX: no order-book sample. Net counts fees only.

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 MEXC live order book, 3 min ago	1.43 bp	6.3 bp −$6	14.1 bp −$141	93.9 bp −$9,390	144.1 bp −$72.1K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.000003483	−0.201%	$43K	$47K	50x	as long as short
dYdX BONK-USDshort	0.0000%	1h	0.000003486	−0.104%	$13K	$3K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003502	+0.332%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.189%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003503	+0.385%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0093%	4h	0.000003505	+0.430%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003504	+0.401%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003493	+0.079%	$58K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003489	−0.029%	$116K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003489	−0.015%	$17.8M	$71.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003487	−0.077%	$11.5M	$22.3M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003492	+0.057%	$2.8M	$11.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003490	0.000%	$902K	$3.1M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003490	long leg	$10.3M	$8.2M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003488	−0.054%	$3.0M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003489	−0.029%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003489	−0.029%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003487	−0.088%	$324K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003494	+0.115%	$59K	$703K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003505	+0.430%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003500	+0.287%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003505	+0.430%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003488	−0.070%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003500	+0.287%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0119%	4h	0.000003502	+0.344%	$1.0M	$17.8M	75x	as long as short
Lighter 1000BONK	+0.0136%	1h	0.000003493	+0.086%	$245K	$721K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.040%	$386	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0322%	1h	0.000003501	+0.315%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1582%	1h	0.000003495	+0.143%	$11.6M	$6.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1585%	1h	0.000003498	+0.229%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2654%	1h	0.000003504	+0.397%	$215K	$218K	50x	as long as short