Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Bitget against MEXC−0.059%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.059%, 7d avg −0.015%

Together, before fees+0.252%+$25 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: Bitget is 0.044% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 1000BONK_USDT	0.000003413	0.0100	pay 0.0050% / 4h	3h 29m	$10.9M	$10.5M	125x
Short	Bitget 1000BONKUSDT	0.000003411	0.0100	get 0.0050% / 4h	3h 29m	$4.4M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.015%: −$4.36
Slippage, 4 orders: −$30.62
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.98
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bitget: 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 MEXC live order book, 4 min ago	2.88 bp	6.6 bp −$7	13.5 bp −$135	77.6 bp −$7,761	138.6 bp −$69.3K
Sell Bitget live order book, 4 min ago	4.32 bp	14.7 bp −$15	31.9 bp −$319	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	0.000003404	−0.264%	$46K	$81K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003405	−0.229%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.073%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003407	−0.162%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003411	−0.044%	$47K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003405	−0.234%	$113K	$163K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003411	−0.062%	$17.6M	$90.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003410	−0.085%	$12.1M	$27.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003412	−0.029%	$2.9M	$14.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003408	−0.146%	$899K	$3.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003413	long leg	$10.9M	$10.5M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003410	−0.073%	$2.9M	$11.1M	75x	as long as short
Bitget 1000BONKUSDTshort	+0.0100%	4h	0.000003411	−0.059%	$4.4M	$5.4M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003412	−0.029%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003433	+0.584%	$322K	$94K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003432	+0.557%	$58K	$700K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003397	−0.483%	$64K	$142K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003408	−0.146%	$29K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003418	+0.146%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003410	−0.088%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003418	+0.146%	$97K	$136K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003408	−0.157%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003407	−0.176%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0126%	4h	0.000003411	−0.059%	$1.1M	$19.5M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−12.101%	$520	—	100x	as long as short
dYdX BONK-USD	+0.0201%	1h	0.000003401	−0.342%	$13K	$11K	10x	as long as short
Lighter 1000BONK	+0.0240%	1h	0.000003413	0.000%	$242K	$763K	10x	as long as short
Hyperliquid kBONK	+0.0562%	1h	0.000003416	+0.088%	$11.7M	$8.3M	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0631%	1h	0.000003410	−0.088%	$33K	$164K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1710%	1h	0.000003421	+0.234%	$53K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.3037%	1h	0.000003418	+0.150%	$173K	$273K	50x	as long as short