Funding arb · Price arb /

BONK

all BONK markets

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: BingX against Binance−0.029%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.029%, 7d avg −0.009%

Together, before fees+0.162%+$16 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: BingX is 0.020% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003488	0.0100	pay 0.0050% / 4h	3h 34m	$18.0M	$89.0M	75x
Short	BingX 1000BONK-USDT	0.000003487	0.0100	get 0.0050% / 4h	3h 34m	—	$5.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.009%: −$2.01
Slippage, 4 orders: −$35.24
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$57.25
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; BingX: live order book, 16 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 Binance live order book, 8 min ago	1.43 bp	12.4 bp −$12	28.5 bp −$285	169.5 bp −$16.9K	doesn't fit
Sell BingX live order book, 16 min ago	4.31 bp	15.7 bp −$16	34.7 bp −$347	79.1 bp −$7,906	446.4 bp −$223.2K

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	−0.0024%	1h	0.000003480	−0.229%	$42K	$66K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003485	−0.097%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.135%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0037%	1h	0.000003486	−0.057%	$34K	$164K	10x	as long as short
dYdX BONK-USD	+0.0068%	1h	0.000003483	−0.135%	$14K	$5K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003484	−0.116%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003488	+0.014%	$69K	$136K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003492	+0.115%	$48K	$322K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003487	−0.029%	$116K	$163K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003488	long leg	$18.0M	$89.0M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003486	−0.046%	$12.4M	$27.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003484	−0.115%	$3.0M	$14.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003484	−0.115%	$921K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003488	0.000%	$11.4M	$10.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003487	−0.017%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003487	−0.029%	$4.5M	$5.3M	75x	as long as short
BingX 1000BONK-USDTshort	+0.0100%	4h	0.000003487	−0.029%	—	$5.1M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003493	+0.141%	$328K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003498	+0.287%	$59K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003486	−0.057%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003491	+0.086%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003485	−0.086%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003491	+0.086%	$99K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003485	−0.098%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003485	−0.086%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0145%	4h	0.000003492	+0.115%	$1.1M	$19.9M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−13.991%	$532	—	100x	as long as short
Lighter 1000BONK	+0.0296%	1h	0.000003491	+0.086%	$245K	$759K	10x	as long as short
Hyperliquid kBONK	+0.0588%	1h	0.000003491	+0.086%	$11.9M	$8.2M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1813%	1h	0.000003493	+0.143%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2974%	1h	0.000003491	+0.095%	$178K	$272K	50x	as long as short