BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h −0.004%

Price spread now: Bitget against BloFin−0.240%115s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as 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−$600.598% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 3 days (all we have)+0.591%+$59 · spread now −0.240%, 7d avg −0.050%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.190% cheaper against BloFin than usual: you would sell low and buy high (spread −0.240% now, against its 7-day average of −0.050%). If the spread goes back, that is −$19 on $10k: about 2.6 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.238%, so the current rate has only just turned in your favour. The two prices were read 115 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	BloFin 1000BONK-USDT	0.000003338	−0.0140	get 0.0070% / 4h	2h 05m	$1.0M	$13.1M	75x
Short	Bitget 1000BONKUSDT	0.000003330	0.0100	get 0.0050% / 4h	2h 05m	$4.2M	$3.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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 BloFinbpFee BitgetbpOrdersPrice spread, now −0.240%Rate

Funding earned: $50.4
Price spread: −0.240% → −0.050%: −$19
Slippage, 4 orders: −$35.84
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.44
Costs to cover: 0.598%
Break-even: 11.0 days

Slippage from BloFin: live order book, 3 min ago; Bitget: 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 BloFin live order book, 3 min ago	5.98 bp	12.1 bp −$12	27.5 bp −$275	80.6 bp −$8,055	doesn't fit
Sell Bitget live order book, 3 min ago	3.00 bp	17.4 bp −$17	34.5 bp −$345	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
Deribit 1000BONK_USDC-PERPETUAL	−0.0350%	1h	0.000003331	−0.210%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003332	−0.180%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDTlong	−0.0140%	4h	0.000003338	long leg	$1.0M	$13.1M	75x
Orderly PERP_1000BONK_USDC	−0.0055%	4h	0.000003331	−0.210%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003332	−0.192%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003332	−0.190%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−1.917%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003329	−0.259%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003333	−0.150%	$197K	$290K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003338	0.000%	$64K	$251K	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	0.000003333	−0.150%	$113K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003330	−0.240%	$14.9M	$51.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003331	−0.225%	$10.1M	$16.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003330	−0.240%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003330	−0.240%	$736K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003330	−0.240%	$10.0M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003331	−0.210%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003330	−0.240%	$4.2M	$3.1M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003330	−0.240%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003333	−0.150%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003332	−0.169%	$300K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003339	+0.030%	$56K	$696K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003331	−0.195%	$19K	$108K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003335	−0.090%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003332	−0.180%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003331	−0.207%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003331	−0.210%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.126%	$557	—	100x	as long as short
HTX BONK-USDT	+0.0538%	4h	0.000003359	+0.629%	$77K	$123K	30x	as long as short
Hyperliquid kBONK	+0.0732%	1h	0.000003338	0.000%	$9.8M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1151%	1h	0.000003337	−0.034%	$203K	$148K	50x	as long as short