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: BloFin against Gate+0.353%93s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as 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 Gate Short on BloFin

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)−0.888%−$89 · spread now +0.353%, 7d avg +0.033%

Together, before fees−0.634%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.319% dearer against Gate than usual: you sell high and buy low (spread +0.353% now, against its 7-day average of +0.033%): +$32 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 7 days funding on this pair paid +0.254%, so the current rate has only just turned against you. The two prices were read 93 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	Gate BONK_USDT	0.000003404	0.0100	pay 0.0050% / 4h	3h 29m	$898K	$3.6M	50x
Short	BloFin 1000BONK-USDT	0.000003416	0.0089	get 0.0044% / 4h	3h 29m	$1.0M	$19.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.353%Rate

Funding earned: −$2.36
Price spread: +0.353% → +0.033%: $31.93
Slippage, 4 orders: −$37.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.69
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 4 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 Gate live order book, 3 min ago	2.88 bp	21.8 bp −$22	89.2 bp −$892	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	2.87 bp	11.7 bp −$12	21.4 bp −$214	54.6 bp −$5,460	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	−0.470%	$46K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003406	+0.050%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.819%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	+0.102%	$4	—	15x	as long as short
BloFin 1000BONK-USDTshort	+0.0089%	4h	0.000003416	+0.353%	$1.0M	$19.5M	75x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003400	−0.118%	$46K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003405	+0.029%	$113K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003400	−0.116%	$17.5M	$90.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.173%	$12.1M	$27.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003396	−0.235%	$2.9M	$14.8M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BONK_USDTlong	+0.0100%	4h	0.000003404	long leg	$898K	$3.6M	50x
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003402	−0.059%	$10.9M	$10.4M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003410	+0.185%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003398	−0.176%	$4.4M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003400	−0.118%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.850%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003432	+0.823%	$58K	$700K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003397	−0.220%	$64K	$142K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003404	0.000%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003414	+0.294%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003411	+0.206%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003411	+0.206%	$97K	$135K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003400	−0.128%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003400	−0.118%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−11.868%	$520	—	100x	as long as short
dYdX BONK-USD	+0.0201%	1h	0.000003401	−0.079%	$13K	$11K	10x	as long as short
Lighter 1000BONK	+0.0240%	1h	0.000003412	+0.235%	$241K	$762K	10x	as long as short
Hyperliquid kBONK	+0.0554%	1h	0.000003403	−0.029%	$11.6M	$8.3M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0631%	1h	0.000003408	+0.118%	$33K	$164K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1728%	1h	0.000003418	+0.411%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3041%	1h	0.000003413	+0.276%	$173K	$273K	50x	as long as short