Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: MEXC against OKX0.000%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on OKX Short on MEXC

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+0.006%+$1 · spread now 0.000%, 7d avg −0.002%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003398	0.0100	pay 0.0100% / 8h	5h 28m	$2.5M	$8.5M	20x
Short	MEXC 1000BONK_USDT	0.000003398	0.0100	get 0.0050% / 4h	1h 28m	$9.6M	$7.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.002%: $0.22
Slippage, 4 orders: −$32.38
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$42.16
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	1.47 bp	19.0 bp −$19	71.7 bp −$717	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.47 bp	4.0 bp −$4	9.2 bp −$92	34.9 bp −$3,493	107.6 bp −$53.8K

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	−0.0336%	1h	0.000003391	−0.206%	$45K	$32K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003390	−0.235%	$943K	$15.0M	75x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003390	−0.226%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003397	−0.041%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.649%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003397	−0.029%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0051%	4h	0.000003397	−0.029%	$29K	$58K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003396	−0.050%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003399	+0.029%	$224K	$670K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003394	−0.128%	$78K	$250K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003395	−0.088%	$114K	$104K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003398	0.000%	$16.0M	$56.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003395	−0.088%	$10.8M	$17.9M	50x	as long as short
OKX BONK-USDT-SWAPlong	+0.0100%	8h	0.000003398	long leg	$2.5M	$8.5M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003395	−0.088%	$844K	$2.7M	50x	as long as short
MEXC 1000BONK_USDTshort	+0.0100%	4h	0.000003398	0.000%	$9.6M	$7.1M	125x
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003396	−0.053%	$2.6M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003396	−0.059%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003397	−0.029%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003398	0.000%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003409	+0.318%	$311K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003407	+0.265%	$57K	$706K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003396	−0.044%	$27K	$97K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003402	+0.118%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003397	−0.029%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003415	+0.500%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003396	−0.057%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003395	−0.088%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.713%	$567	—	100x	as long as short
Hyperliquid kBONK	+0.0780%	1h	0.000003401	+0.088%	$10.1M	$4.7M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2042%	1h	0.000003403	+0.160%	$220K	$174K	50x	as long as short