Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against SoDEX0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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	SoDEX 1000BONK-USD	0.000003609	0.0100	pay 0.0013% / 1h	20m 38s	$2K	$7K	10x
Short	BingX 1000BONK-USDC	0.000003609	0.0100	get 0.0050% / 4h	1h 20m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. 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 SoDEXbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; BingX: live order book, 10 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	4.13 bp	21.9 bp −$22	75.9 bp −$759	370.5 bp −$37.1K	667.1 bp −$333.6K

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0016%	1h	0.000003592	−0.471%	$45K	$62K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003614	+0.149%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003602	−0.188%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.282%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003609	−0.003%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003602	−0.180%	$54K	$123K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003613	+0.113%	$60K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003610	+0.028%	$120K	$138K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003610	+0.040%	$18.6M	$80.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003606	−0.083%	$12.4M	$24.7M	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-SWAP	+0.0100%	8h	0.000003610	+0.028%	$3.0M	$13.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003608	−0.028%	$958K	$3.4M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003611	+0.055%	$12.1M	$9.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003609	+0.011%	$3.1M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003607	−0.055%	$4.7M	$4.7M	75x	as long as short
BingX 1000BONK-USDCshort	+0.0100%	4h	0.000003609	0.000%	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003598	−0.308%	$341K	$147K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003622	+0.360%	$61K	$707K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003605	−0.111%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003616	+0.194%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USDlong	+0.0100%	1h	0.000003609	long leg	$2K	$7K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003611	+0.055%	$102K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003611	+0.059%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003605	−0.111%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0122%	4h	0.000003608	−0.028%	$1.1M	$19.3M	75x	as long as short
Lighter 1000BONK	+0.0136%	1h	0.000003612	+0.083%	$252K	$747K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−16.874%	$549	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1136%	1h	0.000003613	+0.111%	$25K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1270%	1h	0.000003616	+0.194%	$12.4M	$7.9M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1747%	1h	0.000003614	+0.139%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2978%	1h	0.000003626	+0.460%	$223K	$222K	50x	as long as short