Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Pacifica against OKX+0.085%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.085%, 7d avg +0.006%

Together, before fees−0.067%+ Points / potential airdropPacifica: Active · farm board−$7 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: Pacifica is 0.079% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BONK-USDT-SWAP	0.000003530	0.0100	pay 0.0100% / 8h	19m 12s	$3.0M	$14.9M	20x
Short	Pacifica kBONK	0.000003533	0.0100	get 0.0013% / 1h	19m 12s	$119K	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.006%: $7.93
Slippage, 4 orders: −$53.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$63.33
Costs to cover: 0.713%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Pacifica: live order book, 18 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	1.41 bp	18.4 bp −$18	53.7 bp −$537	doesn't fit	doesn't fit
Sell Pacifica live order book, 18 min ago	5.63 bp	22.0 bp −$22	doesn't fit	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	0.000003525	−0.142%	$43K	$66K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003529	−0.017%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003529	−0.037%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.252%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003530	−0.002%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003529	−0.014%	$69K	$138K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003536	+0.160%	$59K	$319K	10x	as long as short
Pacifica kBONKshort	+0.0100%	1h	0.000003533	+0.085%	$119K	$158K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003533	+0.085%	$18.5M	$87.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003528	−0.057%	$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	0.000003530	long leg	$3.0M	$14.9M	20x
Gate BONK_USDT	+0.0100%	4h	0.000003529	−0.028%	$945K	$3.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003533	+0.085%	$11.2M	$9.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003531	+0.017%	$3.0M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003524	−0.170%	$4.6M	$5.3M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003531	+0.028%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003531	+0.039%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003509	−0.595%	$59K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003526	−0.113%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003535	+0.142%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003529	−0.028%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003531	+0.028%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003529	−0.040%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003521	−0.255%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0152%	4h	0.000003535	+0.142%	$1.1M	$20.3M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.014%	$538	—	100x	as long as short
Lighter 1000BONK	+0.0440%	1h	0.000003532	+0.057%	$248K	$768K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0602%	1h	0.000003526	−0.113%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0996%	1h	0.000003535	+0.142%	$12.1M	$8.3M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1663%	1h	0.000003543	+0.368%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.4511%	1h	0.000003533	+0.085%	$180K	$276K	50x	as long as short