Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.005%

Price spread now: MEXC against Reya+0.061%7-day average — · you sell dearer than you buy

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

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.061% dearer against Reya than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003595	0.0083	pay 0.0010% / 1h	7m 34s	$4	—	15x
Short	MEXC 1000BONK_USDT	0.000003597	0.0100	get 0.0050% / 4h	3h 07m	$11.2M	$10.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now +0.061%Rate

Funding earned: $3.59
Price spread: +0.061% → 0.000%: $6.1
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.69
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 4 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	1.39 bp	6.0 bp −$6	12.3 bp −$123	72.9 bp −$7,288	130.2 bp −$65.1K

Reya: 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 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
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003593	−0.047%	$25	—	150x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0028%	1h	0.000003595	+0.005%	$15K	$147K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	+0.0032%	1h	0.000003602	+0.200%	$39K	$132K	50x	as long as short
Injective BONK/USDC PERP	+0.0043%	1h	0.000003569	−0.718%	$3K	$44K	5.5x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003595	long leg	$4	—	15x
Orderly PERP_1000BONK_USDC	+0.0087%	4h	0.000003592	−0.078%	$31K	$30K	20x	as long as short
BloFin 1000BONK-USDT	+0.0093%	4h	0.000003600	+0.144%	$1.1M	$20.3M	75x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003600	+0.144%	$436K	$912K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003595	−0.009%	$82K	$134K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003598	+0.087%	$58K	$188K	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003597	+0.061%	$120K	$141K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003597	+0.072%	$17.8M	$94.8M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003596	+0.022%	$12.9M	$29.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003596	+0.033%	$4.0M	$19.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003595	+0.005%	$1.1M	$3.1M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003597	+0.061%	$11.2M	$10.5M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003597	+0.061%	$3.1M	$9.2M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003594	−0.022%	$4.6M	$6.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003593	−0.050%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003595	0.000%	$348K	$193K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003596	+0.033%	$62K	$696K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003597	+0.061%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003594	−0.022%	$2K	$9K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003601	+0.172%	$105K	$137K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003596	+0.047%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003591	−0.106%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0198% / S −0.2148%	1h	0.000003000	−16.546%	$675	—	100x	as long as short
Hyperliquid kBONK	+0.0314%	1h	0.000003602	+0.200%	$13.0M	$9.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0769%	1h	0.000003601	+0.172%	$55K	$45K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0988%	1h	0.000003601	+0.168%	$192K	$224K	50x	as long as short
dYdX BONK-USD	+0.1081%	1h	0.000003595	+0.013%	$14K	$11K	10x	as long as short