Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against OKX0.000%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003540	0.0100	pay 0.0100% / 8h	17m 31s	$3.0M	$15.0M	20x
Short	BingX 1000BONK-USDT	0.000003540	0.0100	get 0.0050% / 4h	17m 31s	—	$5.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: −$46.38
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.38
Costs to cover: 0.664%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; BingX: live order book, 8 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, 1 min ago	1.42 bp	13.1 bp −$13	51.2 bp −$512	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.30 bp	16.3 bp −$16	28.1 bp −$281	70.4 bp −$7,042	487.7 bp −$243.8K

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	−0.0040%	1h	0.000003514	−0.734%	$43K	$65K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003535	−0.133%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003539	−0.037%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.514%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003539	−0.016%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003539	−0.014%	$69K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003543	+0.071%	$59K	$319K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003537	−0.085%	$119K	$158K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003542	+0.056%	$18.6M	$87.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003537	−0.096%	$12.4M	$26.6M	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-SWAPlong	+0.0100%	8h	0.000003540	long leg	$3.0M	$15.0M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003535	−0.141%	$946K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003541	+0.028%	$11.2M	$9.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003539	−0.028%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003537	−0.085%	$4.6M	$5.3M	75x	as long as short
BingX 1000BONK-USDTshort	+0.0100%	4h	0.000003540	0.000%	—	$5.0M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003531	−0.243%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003534	−0.169%	$60K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003521	−0.537%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003528	−0.339%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003526	−0.395%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003552	+0.339%	$101K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003539	−0.040%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003519	−0.593%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0152%	4h	0.000003535	−0.141%	$1.1M	$20.3M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.254%	$538	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0318%	1h	0.000003524	−0.452%	$35K	$164K	10x	as long as short
Lighter 1000BONK	+0.0448%	1h	0.000003534	−0.169%	$248K	$768K	10x	as long as short
Hyperliquid kBONK	+0.1000%	1h	0.000003545	+0.141%	$12.1M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1680%	1h	0.000003532	−0.226%	$54K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4513%	1h	0.000003531	−0.242%	$180K	$276K	50x	as long as short