BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.023%

Price spread now: Gate against BloFin−0.351%48s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as 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−$640.643% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 4 days (all we have)+0.886%+$89 · spread now −0.351%, 7d avg −0.033%

Together, before fees+0.633%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.318% cheaper against BloFin than usual: you would sell low and buy high (spread −0.351% now, against its 7-day average of −0.033%). If the spread goes back, that is −$32 on $10k: about 3 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.254%, so the current rate has only just turned in your favour. The two prices were read 48 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	0.000003416	0.0089	pay 0.0044% / 4h	3h 30m	$1.0M	$19.5M	75x
Short	Gate BONK_USDT	0.000003404	0.0100	get 0.0050% / 4h	3h 30m	$901K	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.351%Rate

Funding earned: $2.36
Price spread: −0.351% → −0.033%: −$31.81
Slippage, 4 orders: −$37.26
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.71
Costs to cover: 0.643%
Break-even: 285.3 days

Slippage from BloFin: live order book, 4 min ago; Gate: 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, 4 min ago	2.87 bp	10.0 bp −$10	25.3 bp −$253	78.1 bp −$7,812	doesn't fit
Sell Gate live order book, 3 min ago	2.88 bp	20.7 bp −$21	87.1 bp −$871	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	−0.0024%	1h	0.000003388	−0.820%	$46K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003406	−0.302%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.157%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	−0.250%	$4	—	15x	as long as short
BloFin 1000BONK-USDTlong	+0.0089%	4h	0.000003416	long leg	$1.0M	$19.5M	75x
Nado kBONK-PERP	+0.0100%	1h	0.000003404	−0.351%	$64K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003410	−0.186%	$47K	$321K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003401	−0.439%	$113K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003410	−0.176%	$17.6M	$90.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003408	−0.243%	$12.1M	$27.5M	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	0.000003408	−0.234%	$2.9M	$14.8M	20x	as long as short
Gate BONK_USDTshort	+0.0100%	4h	0.000003404	−0.351%	$901K	$3.6M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003411	−0.146%	$10.9M	$10.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003404	−0.354%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003404	−0.351%	$4.4M	$5.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003408	−0.234%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.496%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003475	+1.727%	$59K	$700K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003404	−0.351%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003414	−0.059%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003423	+0.205%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003411	−0.146%	$97K	$135K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003407	−0.260%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	−0.468%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.178%	$520	—	100x	as long as short
dYdX BONK-USD	+0.0208%	1h	0.000003403	−0.368%	$13K	$11K	10x	as long as short
Lighter 1000BONK	+0.0232%	1h	0.000003413	−0.088%	$241K	$762K	10x	as long as short
Hyperliquid kBONK	+0.0551%	1h	0.000003410	−0.176%	$11.6M	$8.3M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0631%	1h	0.000003408	−0.234%	$33K	$164K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1754%	1h	0.000003411	−0.146%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3041%	1h	0.000003413	−0.076%	$173K	$273K	50x	as long as short