Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.022%

Price spread now: BloFin against Aevo+0.165%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.165% dearer against Aevo than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo 1000BONK-PERP	0.000003636	0.0104	pay 0.0013% / 1h	34m 54s	$4K	—	3x
Short	BloFin 1000BONK-USDT	0.000003642	0.0150	get 0.0075% / 4h	1h 34m	$1.1M	$19.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. 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 AevobpFee BloFinbpOrdersPrice spread, now +0.165%Rate

Funding earned: $9.61
Price spread: +0.165% → 0.000%: $16.5
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.88
Costs to cover: 0.280%
Break-even: 8.4 days

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	8.15 bp	14.5 bp −$15	25.1 bp −$251	67.0 bp −$6,700	doesn't fit

Aevo: 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	0.000003641	+0.138%	$45K	$55K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003636	+0.010%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003647	+0.305%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−9.956%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003639	+0.094%	$4	—	15x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003648	+0.344%	$54K	$121K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003644	+0.226%	$61K	$303K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003646	+0.275%	$122K	$134K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003640	+0.110%	$18.9M	$78.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003635	−0.022%	$12.5M	$24.2M	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	0.000003639	+0.083%	$3.0M	$13.5M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003641	+0.138%	$1.0M	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003640	+0.110%	$12.3M	$9.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003640	+0.110%	$2.9M	$10.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003640	+0.110%	$4.7M	$4.5M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003639	+0.083%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003644	+0.216%	$345K	$146K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003700	+1.760%	$62K	$706K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003638	+0.055%	$31K	$52K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003644	+0.220%	$2K	$14K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003638	+0.055%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003641	+0.138%	$103K	$131K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003639	+0.086%	$24K	$4K	25x	as long as short
Aevo 1000BONK-PERPlong	+0.0104%	1h	0.000003636	long leg	$4K	—	3x
BloFin 1000BONK-USDTshort	+0.0150%	4h	0.000003642	+0.165%	$1.1M	$19.2M	75x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−17.492%	$557	—	100x	as long as short
Lighter 1000BONK	+0.0224%	1h	0.000003644	+0.220%	$254K	$745K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.1125%	1h	0.000003641	+0.138%	$26K	$165K	10x	as long as short
Hyperliquid kBONK	+0.1232%	1h	0.000003648	+0.330%	$12.5M	$7.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1775%	1h	0.000003650	+0.385%	$56K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2952%	1h	0.000003658	+0.597%	$225K	$221K	50x	as long as short