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 +0.007%

Price spread now: BloFin against Bybit+0.012%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.310%+$31 on $10k

Price spread, last 3 days (all we have)−0.238%−$24 · spread now +0.012%, 7d avg +0.041%

Together, before fees+0.072%+$7 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 0.029% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.310%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003351	0.0100	pay 0.0050% / 4h	1h 48m	$10.2M	$16.6M	50x
Short	BloFin 1000BONK-USDT	0.000003351	−0.0140	pay 0.0070% / 4h	1h 48m	$1.0M	$13.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$50.4
Price spread: +0.012% → +0.041%: −$2.93
Slippage, 4 orders: −$28.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$105.07
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 5 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 Bybit live order book, 5 min ago	1.50 bp	14.7 bp −$15	35.6 bp −$356	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	4.48 bp	12.6 bp −$13	19.8 bp −$198	57.6 bp −$5,758	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	−0.0248%	1h	0.000003327	−0.704%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDTshort	−0.0140%	4h	0.000003351	+0.012%	$1.0M	$13.2M	75x
Orderly PERP_1000BONK_USDC	−0.0071%	4h	0.000003344	−0.197%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003346	−0.134%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003350	−0.018%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003346	−0.137%	$2K	$110K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.286%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003344	−0.189%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003353	+0.072%	$195K	$293K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003345	−0.152%	$19K	$107K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003354	+0.097%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003354	+0.101%	$115K	$122K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003353	+0.071%	$15.1M	$51.3M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003351	long leg	$10.2M	$16.6M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003352	+0.042%	$2.4M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003346	−0.137%	$744K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003353	+0.072%	$10.1M	$6.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003349	−0.045%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003350	−0.018%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003350	−0.018%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003353	+0.072%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003345	−0.176%	$301K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003352	+0.042%	$57K	$696K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003348	−0.078%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003347	−0.107%	$2K	$6K	10x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003349	−0.048%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003345	−0.167%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.464%	$559	—	100x	as long as short
HTX BONK-USDT	+0.0221%	4h	0.000003369	+0.549%	$88K	$144K	30x	as long as short
Hyperliquid kBONK	+0.0752%	1h	0.000003357	+0.191%	$9.9M	$7.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.0966%	1h	0.000003352	+0.044%	$204K	$149K	50x	as long as short