Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against MEXC−0.114%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days+0.108%+$11 · spread now −0.114%, 7d avg 0.000%

Together, before fees+0.265%+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.114% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003510	0.0100	pay 0.0050% / 4h	2h 49m	$9.9M	$8.0M	125x
Short	BingX 1000BONK-USDT	0.000003506	0.0100	get 0.0050% / 4h	2h 49m	—	$4.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → 0.000%: −$11.43
Slippage, 4 orders: −$31.7
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$53.14
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 6 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 MEXC live order book, 4 min ago	1.43 bp	7.1 bp −$7	14.7 bp −$147	87.1 bp −$8,707	131.7 bp −$65.8K
Sell BingX live order book, 6 min ago	4.30 bp	14.2 bp −$14	27.8 bp −$278	71.5 bp −$7,146	495.3 bp −$247.6K

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	−0.0136%	1h	0.000003509	−0.028%	$44K	$46K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003509	−0.018%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003509	−0.026%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.724%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003511	+0.026%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0089%	4h	0.000003509	−0.028%	$30K	$53K	20x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003508	−0.057%	$247K	$704K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003511	+0.043%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003514	+0.114%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003513	+0.085%	$119K	$122K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003510	0.000%	$17.8M	$70.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003508	−0.060%	$11.5M	$21.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003510	0.000%	$2.7M	$11.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003507	−0.085%	$917K	$3.0M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003510	long leg	$9.9M	$8.0M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003508	−0.057%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003506	−0.114%	$4.5M	$3.8M	75x	as long as short
BingX 1000BONK-USDTshort	+0.0100%	4h	0.000003506	−0.114%	—	$4.8M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003490	−0.573%	$324K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003487	−0.655%	$59K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003515	+0.142%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003501	−0.256%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003511	+0.028%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003509	−0.041%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003501	−0.256%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003509	−0.028%	$1.0M	$17.5M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.530%	$388	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0321%	1h	0.000003505	−0.142%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1604%	1h	0.000003516	+0.171%	$11.8M	$6.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1729%	1h	0.000003512	+0.057%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2653%	1h	0.000003504	−0.162%	$215K	$218K	50x	as long as short