Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: MEXC against Pacifica−0.473%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)+0.431%+$43 · spread now −0.473%, 7d avg −0.004%

Together, before fees+0.301%+ Points / potential airdropPacifica: Active · farm board+$30 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 0.468% cheaper against Pacifica than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica kBONK	0.000003386	0.0100	pay 0.0013% / 1h	26m 21s	$112K	$120K	10x
Short	MEXC 1000BONK_USDT	0.000003370	0.0100	get 0.0050% / 4h	3h 26m	$9.8M	$6.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now −0.473%Rate

Funding earned: $0
Price spread: −0.473% → −0.004%: −$46.82
Slippage, 4 orders: −$25.75
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$80.58
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Pacifica: live order book, 46 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 Pacifica live order book, 46 min ago	5.97 bp	16.7 bp −$17	26.2 bp −$262	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.47 bp	3.4 bp −$3	9.0 bp −$90	66.5 bp −$6,650	124.5 bp −$62.2K

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	−0.0376%	1h	0.000003390	+0.118%	$43K	$24K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003388	+0.059%	$1.0M	$14.4M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0053%	4h	0.000003374	−0.354%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003370	−0.464%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003384	−0.047%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.308%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003369	−0.502%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003370	−0.473%	$18K	$105K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003384	−0.073%	$65K	$262K	10x	as long as short
Pacifica kBONKlong	+0.0100%	1h	0.000003386	long leg	$112K	$120K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003372	−0.399%	$15.3M	$53.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003377	−0.275%	$10.5M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003371	−0.443%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003370	−0.473%	$729K	$2.6M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003370	−0.473%	$9.8M	$6.8M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003371	−0.443%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003373	−0.384%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003370	−0.473%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003370	−0.474%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003400	+0.413%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003395	+0.266%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003390	+0.118%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003392	+0.177%	$93K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003388	+0.067%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003374	−0.354%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.400%	$563	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0270%	1h	0.000003391	+0.148%	$30K	$7K	10x	as long as short
Lighter 1000BONK	+0.0312%	1h	0.000003391	+0.148%	$321K	$441K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0340%	1h	0.000003392	+0.177%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0644%	1h	0.000003377	−0.266%	$9.6M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1466%	1h	0.000003398	+0.358%	$212K	$163K	50x	as long as short