Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Binance against BingX−0.141%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.141% cheaper against BingX than usual: you would sell low and buy high, −$14 on $10k if it 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	BingX 1000BONK-USDC	0.000003437	0.0100	pay 0.0050% / 4h	2h 04m	—	$6.5M	—
Short	Binance 1000BONKUSDT	0.000003432	0.0100	get 0.0050% / 4h	2h 04m	$16.0M	$57.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → 0.000%: −$14.05
Slippage, 4 orders: −$35.87
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.93
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Binance: live order book, 8 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 BingX live order book, 1 min ago	4.38 bp	9.4 bp −$9	20.5 bp −$205	472.9 bp −$47.3K	687.2 bp −$343.6K
Sell Binance live order book, 8 min ago	1.45 bp	12.7 bp −$13	28.0 bp −$280	89.4 bp −$8,942	doesn't fit

BONK on 30 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	−0.0336%	1h	0.000003427	−0.291%	$44K	$27K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003433	−0.105%	$13K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003435	−0.058%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003435	−0.052%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0022%	4h	0.000003435	−0.058%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.743%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003437	−0.002%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003437	0.000%	$224K	$678K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003438	+0.044%	$27K	$107K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003439	+0.058%	$81K	$269K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003434	−0.087%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003432	−0.141%	$16.0M	$57.4M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003435	−0.070%	$10.9M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003433	−0.116%	$2.5M	$8.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003435	−0.058%	$876K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003436	−0.029%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003436	−0.026%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003435	−0.058%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003437	long leg	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003430	−0.207%	$313K	$134K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003432	−0.145%	$58K	$708K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003442	+0.145%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003432	−0.145%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003443	+0.175%	$97K	$149K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003431	−0.183%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003437	0.000%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.715%	$575	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0336%	1h	0.000003435	−0.058%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.1010%	1h	0.000003438	+0.029%	$10.2M	$6.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2048%	1h	0.000003439	+0.065%	$222K	$173K	50x	as long as short