BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.3% APRnext payment +$0.29 per $10,000 · paid last 24h −0.017%

Price spread now: BloFin against MEXC+0.359%109s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs+$10as 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−$270.273% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.370%+$37 on $10k

Price spread, last 4 days (all we have)−0.534%−$53 · spread now +0.359%, 7d avg −0.002%

Together, before fees−0.164%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.361% dearer against MEXC than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 109 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	MEXC 1000BONK_USDT	0.000003619	0.0100	pay 0.0050% / 4h	1h 53m	$11.0M	$8.5M	125x
Short	BloFin 1000BONK-USDT	0.000003632	0.0157	get 0.0079% / 4h	1h 53m	$1.1M	$18.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.359%Rate

Funding earned: $12.07
Price spread: +0.359% → −0.002%: $36.08
Slippage, 4 orders: −$15.31
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $20.84
Costs to cover: 0.273%
Break-even: from the start

Slippage from MEXC: live order book, 5 min ago; BloFin: 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, 5 min ago	1.37 bp	3.9 bp −$4	11.1 bp −$111	83.8 bp −$8,380	138.3 bp −$69.2K
Sell BloFin live order book, 6 min ago	1.36 bp	12.3 bp −$12	23.2 bp −$232	78.4 bp −$7,840	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	−0.0016%	1h	0.000003606	−0.359%	$44K	$52K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003624	+0.150%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003613	−0.163%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.533%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003619	−0.002%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003625	+0.180%	$51K	$119K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003620	+0.016%	$61K	$301K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003628	+0.249%	$121K	$133K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003621	+0.053%	$18.6M	$76.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003617	−0.044%	$12.3M	$23.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003619	0.000%	$3.0M	$12.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003625	+0.166%	$1.0M	$3.2M	50x	as long as short
MEXC 1000BONK_USDTlong	+0.0100%	4h	0.000003619	long leg	$11.0M	$8.5M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003618	−0.028%	$2.9M	$10.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003616	−0.083%	$4.6M	$4.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003617	−0.055%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003608	−0.308%	$335K	$142K	—	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003620	+0.028%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003629	+0.276%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003626	+0.193%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003629	+0.276%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003627	+0.222%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003617	−0.055%	$4K	—	3x	as long as short
BloFin 1000BONK-USDTshort	+0.0157%	4h	0.000003632	+0.359%	$1.1M	$18.9M	75x
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−17.104%	$399	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0302%	1h	0.000003626	+0.193%	$20K	$155K	10x	as long as short
Lighter 1000BONK	+0.0416%	1h	0.000003633	+0.387%	$253K	$738K	10x	as long as short
ApeX Omni 1000BONKUSDT	+0.0866%	1h	0.000003639	+0.553%	$61K	$706K	25x	as long as short
Hyperliquid kBONK	+0.1322%	1h	0.000003626	+0.193%	$12.0M	$7.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1989%	1h	0.000003633	+0.387%	$58K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2967%	1h	0.000003639	+0.552%	$224K	$219K	50x	as long as short