ArbiLayer

BONK arbitrage

live

Live Bonk price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.27%Variational → HTX · Perp–Perp
Best perp–perp spread+0.43%Variational → HTX
Markets tracked1811 venues · 11 perp · 7 spot · 0 DEX
Price range0.95%$0.00000347 – $0.0000035

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.00000347Bitget logoBitgetspot$0.00000347 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
Bybit logoBybitspot$0.00000347Bitget logoBitgetspot$0.00000347 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.00000347OKX logoOKXspot$0.00000347 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.00000347KuCoin logoKuCoinspot$0.00000347 0.00%-0.20% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.00000347Bitget logoBitgetspot$0.00000347 0.00%-0.20% 0.00%— 0.000%— LS Chart →
OKX logoOKXspot$0.00000348Bitget logoBitgetspot$0.00000347 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.00000348Bitget logoBitgetspot$0.00000347 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Bybit logoBybitspot$0.00000347OKX logoOKXspot$0.00000347 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Bybit logoBybitspot$0.00000347KuCoin logoKuCoinspot$0.00000347 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.00000347OKX logoOKXspot$0.00000347 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Gate logoGatespot$0.00000347Bybit logoBybitspot$0.00000347 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
OKX logoOKXspot$0.00000348KuCoin logoKuCoinspot$0.00000347 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.00000348OKX logoOKXspot$0.00000347 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.00000348KuCoin logoKuCoinspot$0.00000347 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.00000348OKX logoOKXspot$0.00000347 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

BONK price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · 1000BONKUSDTPerpetual $0.00000347$0.00000347$0.000003470.00% +0.008%$9.86M
KuCoin logoKuCoinPerpetual · 1000BONKUSDTMPerpetual $0.00000347$0.00000347$0.00000347-0.03% -0.017%$8.34M
OKX logoOKXPerpetual · BONK-USDT-SWAPPerpetual $0.00000347$0.00000347$0.00000347-0.01% +0.006%$5.80M
MEXC logoMEXCPerpetual · 1000BONK_USDTPerpetual $0.00000347$0.00000347$0.00000347-0.03% -0.025%$2.93M
Hyperliquid logoHyperliquidPerpetual · KBONKPerpetual $0.00000347$0.00000347$0.00000347+0.03% +0.030%$2.73M
Bitget logoBitgetPerpetual · 1000BONKUSDTPerpetual $0.00000347$0.00000347$0.000003470.00% +0.030%$2.33M
Bybit logoBybitSpot · BONKUSDTSpot $0.00000347$0.00000347$0.00000347+0.04% —$2.17M
OKX logoOKXSpot · BONK-USDTSpot $0.00000347$0.00000348$0.00000347+0.07% —$1.77M
KuCoin logoKuCoinSpot · BONK-USDTSpot $0.00000347$0.00000347$0.00000347+0.06% —$762.0K
Gate logoGateSpot · BONK_USDTSpot $0.00000347$0.00000347$0.00000347+0.01% —$411.2K
Bitget logoBitgetSpot · BONKUSDTSpot $0.00000347$0.00000348$0.00000347+0.09% —$282.5K
Gate logoGatePerpetual · BONK_USDTPerpetual $0.00000347$0.00000347$0.00000347-0.03% +0.030%$230.0K
Variational logoVariationalPerpetual · 1000BONKPerpetual $0.00000346$0.00000347$0.00000347-0.14% +0.030%$115.1K
HTX logoHTXPerpetual · BONK-USDTPerpetual $0.00000349$0.00000351$0.0000035+0.81% +0.015%$23.6K
Binance logoBinancePerpetual · 1000BONKUSDTPerpetual $0.00000347$0.00000347$0.00000347-0.03% -0.025%—
Aster logoAsterPerpetual · 1000BONKUSDTPerpetual $0.00000347$0.00000347$0.00000347-0.04% +0.030%—
Binance logoBinanceSpot · BONKUSDTSpot $0.00000347$0.00000348$0.00000347+0.10% ——
MEXC logoMEXCSpot · BONKUSDTSpot $0.00000347$0.00000348$0.000003470.00% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

BONK arbitrage explained

Right now Bonk (BONK) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.00000347 and the highest bid on HTX perp at $0.00000349.

The widest BONK perpetual spread is between Variational and HTX: long BONK on Variational at $0.00000347 and short on HTX at $0.00000349 for +0.43% gross, or +0.27% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.015% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best BONK route is to buy spot on Gate and short the perpetual on HTX: +0.35% gross, +0.15% net, with +0.015% a day of funding on the short leg.

Spot–spot BONK arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small BONK gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: BONK funding rates · BONK spread charts · Bonk price · arbitrage scanner for all coins.

Is there a BONK arbitrage opportunity right now?

The best BONK route right now is to buy on Variational → sell on HTX (Perp–Perp): +0.43% gross and +0.27% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest BONK?

Variational (perp) has the lowest BONK ask at $0.00000347, and HTX (perp) the highest bid at $0.00000349. Prices update every 15 seconds on this page.

How many exchanges list BONK?

ArbiLayer tracks 18 BONK markets on 11 venues: 11 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage BONK without transferring coins?

Use two perpetual contracts: go long BONK on the cheaper exchange (Variational now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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