Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against BingX0.000%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 7 days+0.006%+$1 · spread now 0.000%, 7d avg 0.000%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDT	0.000003514	0.0100	pay 0.0050% / 4h	3h 21m	—	$4.8M	—
Short	MEXC 1000BONK_USDT	0.000003514	0.0100	get 0.0050% / 4h	3h 21m	$9.7M	$7.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0.04
Slippage, 4 orders: −$27.5
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$37.46
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; MEXC: live order book, 1 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, 13 min ago	4.28 bp	13.6 bp −$14	23.6 bp −$236	72.4 bp −$7,244	590.8 bp −$295.4K
Sell MEXC live order book, 1 min ago	1.43 bp	4.3 bp −$4	10.6 bp −$106	68.0 bp −$6,802	124.6 bp −$62.3K

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	−0.0312%	1h	0.000003493	−0.598%	$44K	$39K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003500	−0.388%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003503	−0.324%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.830%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0036%	1h	0.000003502	−0.341%	$6K	$123K	10x	as long as short
BloFin 1000BONK-USDT	+0.0045%	4h	0.000003514	0.000%	$990K	$16.6M	75x	as long as short
Orderly PERP_1000BONK_USDC	+0.0083%	4h	0.000003503	−0.313%	$30K	$54K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003498	−0.457%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003522	+0.231%	$82K	$250K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003500	−0.398%	$118K	$107K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003522	+0.230%	$17.5M	$63.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003517	+0.085%	$11.4M	$19.7M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003520	+0.171%	$2.6M	$9.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003509	−0.142%	$877K	$2.8M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003514	0.000%	$9.7M	$7.5M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003513	−0.023%	$3.0M	$10.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003524	+0.285%	$4.5M	$3.2M	75x	as long as short
BingX 1000BONK-USDTlong	+0.0100%	4h	0.000003514	long leg	—	$4.8M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003522	+0.223%	$326K	$140K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003504	−0.285%	$59K	$706K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003500	−0.398%	$38K	$108K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003510	−0.114%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003504	−0.285%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003510	−0.114%	$99K	$121K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003513	−0.028%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003500	−0.398%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0184%	1h	0.000003508	−0.171%	$246K	$692K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−14.627%	$584	—	100x	as long as short
Hyperliquid kBONK	+0.0838%	1h	0.000003512	−0.057%	$10.4M	$5.0M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1406%	1h	0.000003513	−0.028%	$48K	$16K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2389%	1h	0.000003516	+0.046%	$224K	$178K	50x	as long as short