Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Binance against OKX+0.102%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.102%, 7d avg +0.005%

Together, before fees−0.242%−$24 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: Binance is 0.097% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003418	0.0100	pay 0.0100% / 8h	5h 53m	$2.5M	$8.4M	20x
Short	Binance 1000BONKUSDT	0.000003421	0.0100	get 0.0050% / 4h	1h 53m	$16.0M	$57.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.005%: $9.67
Slippage, 4 orders: −$41.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.12
Costs to cover: 0.618%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Binance: 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 OKX live order book, 4 min ago	1.45 bp	27.5 bp −$28	87.9 bp −$879	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.45 bp	11.2 bp −$11	27.7 bp −$277	116.6 bp −$11.7K	doesn't fit

BONK on 30 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	−0.0336%	1h	0.000003431	+0.380%	$46K	$32K	50x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0042%	1h	0.000003422	+0.117%	$2K	$110K	10x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003438	+0.597%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003419	+0.035%	$24	—	150x	as long as short
Orderly PERP_1000BONK_USDC	+0.0028%	4h	0.000003421	+0.088%	$29K	$58K	20x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.213%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003422	+0.129%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003427	+0.263%	$223K	$667K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003424	+0.190%	$27K	$106K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003422	+0.115%	$79K	$263K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003437	+0.556%	$114K	$118K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003421	+0.102%	$16.0M	$57.3M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003418	0.000%	$10.9M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003418	long leg	$2.5M	$8.4M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003421	+0.088%	$891K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003420	+0.059%	$9.6M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003420	+0.059%	$2.6M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003416	−0.059%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003420	+0.059%	—	$4.7M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003422	+0.117%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003468	+1.461%	$313K	$133K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003429	+0.322%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003425	+0.205%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003434	+0.468%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003421	+0.093%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003419	+0.029%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.229%	$572	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0220%	1h	0.000003438	+0.585%	$58K	$708K	25x	as long as short
Hyperliquid kBONK	+0.0570%	1h	0.000003426	+0.234%	$10.1M	$5.3M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2023%	1h	0.000003434	+0.475%	$222K	$174K	50x	as long as short