Settings8H · net · $10k
Funding arb · Price arb /

BONK

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.029%
Price spread now: BingX against Injective+5.498%57s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 5.498% dearer against Injective than usual: you sell high and buy low: +$550 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective BONK/USDC PERP0.0000032740.0033pay 0.0004% / 1h58m 26s$3K$1135.5x
ShortBingX 1000BONK-USDC0.0000034540.0100get 0.0050% / 4h1h 58m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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

Funding earned
$14
Price spread: +5.498% → 0.000%
$549.79
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BingX: 5 bp × 2 orders
−$10
Net
$553.77
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; BingX: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell BingX live order book, 7 min ago4.38 bp22.2 bp −$2272.3 bp −$723419.0 bp −$41.9K676.7 bp −$338.3K
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BONK on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0336%1h0.000003446+5.254%$44K$27K50xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0041%1h0.000003439+5.040%$2K$110K10xas long as short
dYdX BONK-USD0.0000%1h0.000003459+5.663%$13K$3K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003451+5.397%$24150xas long as short
Orderly PERP_1000BONK_USDC+0.0026%4h0.000003453+5.467%$30K$58K20xas long as short
Injective BONK/USDC PERPlong+0.0033%1h0.000003274long leg$3K$1135.5x
Reya kBONKRUSDPERP+0.0083%1h0.000003449+5.344%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003463+5.773%$226K$665K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003450+5.376%$27K$106K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003459+5.651%$81K$262K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003460+5.681%$115K$118K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003456+5.567%$16.2M$57.1M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003453+5.476%$11.0M$17.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003452+5.437%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003454+5.498%$899K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003455+5.528%$9.7M$6.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003456+5.565%$2.6M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003450+5.376%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDCshort+0.0100%4h0.000003454+5.498%$6.5M
Backpack kBONK_USDC_PERP+0.0100%1h0.000003446+5.254%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003454+5.495%$315K$133Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003452+5.437%$58K$708K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003445+5.223%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003443+5.162%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003441+5.101%$97K$121K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003456+5.549%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003440+5.070%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−8.369%$577100xas long as short
Hyperliquid kBONK+0.0574%1h0.000003458+5.620%$10.2M$6.4M10xas long as short
Kraken Futures PF_BONKUSD+0.2013%1h0.000003452+5.425%$223K$174K50xas long as short