BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.008%

Price spread now: BloFin against Bitget−0.560%75s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.639% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 3 days (all we have)+0.387%+$39 · spread now −0.560%, 7d avg +0.054%

Together, before fees+0.620%+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.613% cheaper against Bitget than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.233%, so the current rate has only just turned against you. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003395	0.0100	pay 0.0050% / 4h	3h 31m	$4.3M	$3.1M	75x
Short	BloFin 1000BONK-USDT	0.000003376	−0.0140	pay 0.0070% / 4h	3h 31m	$1.0M	$14.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.560%Rate

Funding earned: −$50.4
Price spread: −0.560% → +0.054%: −$61.32
Slippage, 4 orders: −$39.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$175.61
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 2 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 Bitget live order book, 1 min ago	2.96 bp	20.1 bp −$20	33.4 bp −$334	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	2.96 bp	13.4 bp −$13	21.4 bp −$214	59.1 bp −$5,907	doesn't fit

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	−0.0376%	1h	0.000003374	−0.619%	$43K	$24K	50x	as long as short
BloFin 1000BONK-USDTshort	−0.0140%	4h	0.000003376	−0.560%	$1.0M	$14.3M	75x
Orderly PERP_1000BONK_USDC	−0.0055%	4h	0.000003380	−0.442%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003381	−0.401%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003381	−0.402%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003381	−0.412%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.564%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003379	−0.472%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003378	−0.486%	$16K	$105K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003382	−0.374%	$65K	$262K	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	0.000003382	−0.383%	$113K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003391	−0.114%	$15.4M	$53.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003395	−0.012%	$10.6M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003392	−0.088%	$2.5M	$8.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003383	−0.353%	$727K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003398	+0.088%	$9.9M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003390	−0.150%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003395	long leg	$4.3M	$3.1M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003388	−0.206%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003396	+0.029%	$305K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003394	−0.029%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003383	−0.353%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003385	−0.295%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003392	−0.088%	$93K	$152K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003392	−0.094%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003380	−0.442%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.635%	$564	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0268%	1h	0.000003391	−0.118%	$30K	$7K	10x	as long as short
Lighter 1000BONK	+0.0296%	1h	0.000003389	−0.177%	$306K	$425K	10x	as long as short
Hyperliquid kBONK	+0.0642%	1h	0.000003396	+0.029%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1469%	1h	0.000003392	−0.103%	$207K	$156K	50x	as long as short