Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.009%

Price spread now: Extended against BingX+0.048%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.048% dearer against BingX than usual: you sell high and buy low, +$5 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-USDT	0.000003400	0.0100	pay 0.0050% / 4h	2h 46m	—	$4.7M	—
Short	Extended 1000BONK-USD	0.000003402	0.0104	get 0.0013% / 1h	46m 06s	$22K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0.84
Price spread: +0.048% → 0.000%: $4.8
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$9.36
Costs to cover: 0.150%
Break-even: 85.0 days

Slippage unknown: BingX: live order book, 4 min ago; Extended: 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 BingX live order book, 4 min ago	4.39 bp	14.7 bp −$15	29.5 bp −$295	124.3 bp −$12.4K	605.4 bp −$302.7K
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
Deribit 1000BONK_USDC-PERPETUAL	−0.0338%	1h	0.000003402	+0.059%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0336%	1h	0.000003390	−0.294%	$44K	$26K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003414	+0.412%	$939K	$14.9M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0024%	4h	0.000003404	+0.118%	$29K	$49K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003410	+0.294%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003404	+0.106%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.706%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003402	+0.058%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003405	+0.132%	$27K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003410	+0.294%	$66K	$253K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003409	+0.265%	$113K	$125K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003404	+0.118%	$16.0M	$55.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003406	+0.185%	$10.7M	$17.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003403	+0.088%	$2.5M	$8.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003404	+0.118%	$742K	$2.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003403	+0.088%	$9.6M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003405	+0.150%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003401	+0.029%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003400	long leg	—	$4.7M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003402	+0.073%	$310K	$127K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003409	+0.265%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003403	+0.088%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003411	+0.324%	$96K	$161K	30x	as long as short
Extended 1000BONK-USDshort	+0.0104%	1h	0.000003402	+0.048%	$22K	$4K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003404	+0.118%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.765%	$569	—	100x	as long as short
Lighter 1000BONK	+0.0232%	1h	0.000003409	+0.265%	$374K	$499K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0475%	1h	0.000003401	+0.029%	$30K	$7K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0532%	1h	0.000003412	+0.353%	$57K	$712K	25x	as long as short
Hyperliquid kBONK	+0.0886%	1h	0.000003408	+0.235%	$10.1M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2063%	1h	0.000003414	+0.422%	$213K	$165K	50x	as long as short