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: KuCoin against OKX+0.062%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$900.902% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.062%, 7d avg +0.015%

Together, before fees−0.125%−$13 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: KuCoin is 0.046% dearer against OKX than usual: you sell high and buy low, +$5 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	OKX BONK-USDT-SWAP	0.000003555	0.0100	pay 0.0100% / 8h	10m 11s	$3.0M	$15.2M	20x
Short	KuCoin 1000BONKUSDTM	0.000003557	0.0100	get 0.0050% / 4h	10m 11s	$3.0M	$11.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.015%: $4.64
Slippage, 4 orders: −$68.17
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$85.53
Costs to cover: 0.902%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: 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, 3 min ago	1.41 bp	21.0 bp −$21	58.7 bp −$587	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.84 bp	23.5 bp −$23	141.5 bp −$1,415	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	−0.0040%	1h	0.000003560	+0.141%	$43K	$67K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003536	−0.547%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003548	−0.203%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.904%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003549	−0.168%	$4	—	15x	as long as short
BloFin 1000BONK-USDT	+0.0095%	4h	0.000003528	−0.759%	$1.1M	$20.3M	75x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003547	−0.211%	$70K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003556	+0.028%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003536	−0.534%	$119K	$158K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003558	+0.084%	$18.7M	$88.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003550	−0.141%	$12.5M	$26.9M	50x	as long as short
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003555	long leg	$3.0M	$15.2M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003555	0.000%	$957K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003552	−0.084%	$11.6M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003557	+0.062%	$3.0M	$11.0M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003550	−0.141%	$4.6M	$5.4M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003553	−0.056%	—	$5.0M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003527	−0.800%	$331K	$99K	—	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003548	−0.197%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003559	+0.113%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003556	+0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003559	+0.113%	$101K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003552	−0.095%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003554	−0.028%	$4K	—	3x	as long as short
ApeX Omni 1000BONKUSDT	+0.0120%	1h	0.000003550	−0.141%	$60K	$705K	25x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.612%	$540	—	100x	as long as short
Lighter 1000BONK	+0.0480%	1h	0.000003559	+0.113%	$249K	$769K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0877%	1h	0.000003554	−0.028%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0994%	1h	0.000003557	+0.056%	$12.2M	$8.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1758%	1h	0.000003564	+0.253%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4474%	1h	0.000003562	+0.204%	$182K	$275K	50x	as long as short