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 +0.003%

Price spread now: KuCoin against Bitget+0.019%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$940.936% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.019%, 7d avg +0.033%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003641	0.0100	pay 0.0050% / 4h	1h 45m	$4.6M	$4.4M	75x
Short	KuCoin 1000BONKUSDTM	0.000003642	0.0100	get 0.0050% / 4h	1h 45m	$3.0M	$10.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.033%: −$1.36
Slippage, 4 orders: −$69.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$95
Costs to cover: 0.936%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 3 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, 3 min ago	4.12 bp	19.4 bp −$19	44.6 bp −$446	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.75 bp	33.8 bp −$34	136.2 bp −$1,362	doesn't fit	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	−0.0016%	1h	0.000003623	−0.494%	$44K	$53K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003629	−0.319%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003641	+0.003%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−10.080%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003643	+0.067%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003636	−0.124%	$53K	$121K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003643	+0.064%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003632	−0.247%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003647	+0.165%	$18.7M	$77.2M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003640	−0.027%	$12.3M	$23.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003644	+0.082%	$3.0M	$13.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003638	−0.082%	$1.0M	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003641	0.000%	$11.6M	$8.7M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003642	+0.019%	$3.0M	$10.7M	75x
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003641	long leg	$4.6M	$4.4M	75x
BingX 1000BONK-USDT	+0.0100%	4h	0.000003643	+0.055%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003623	−0.484%	$339K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003636	−0.137%	$61K	$705K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003642	+0.027%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003649	+0.220%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003644	+0.082%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003635	−0.165%	$103K	$131K	30x	as long as short
BloFin 1000BONK-USDT	+0.0104%	4h	0.000003644	+0.082%	$1.1M	$19.1M	75x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003644	+0.088%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003638	−0.082%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.605%	$401	—	100x	as long as short
Lighter 1000BONK	+0.0208%	1h	0.000003647	+0.165%	$254K	$738K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0574%	1h	0.000003644	+0.082%	$20K	$155K	10x	as long as short
Hyperliquid kBONK	+0.1197%	1h	0.000003648	+0.192%	$12.1M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1576%	1h	0.000003633	−0.220%	$56K	$24K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2956%	1h	0.000003653	+0.330%	$225K	$219K	50x	as long as short