Settings8H · net · $10k
Funding arb · Price arb /

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h −0.028%
Price spread now: dYdX against Aevo−0.209%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.209% cheaper against Aevo than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000033870.0104pay 0.0013% / 1h24m 32s$4K3x
ShortdYdX BONK-USD0.0000033800get 0.0000% / 1h24m 32s$12K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$21.84
Price spread: −0.209% → 0.000%
−$20.87
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$68.71
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell dYdX no order-book sample
Aevo and dYdX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0320%1h0.000003374−0.384%$43K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003383−0.118%$1.0M$13.3M75xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0046%1h0.000003380−0.207%$2K$110K10xas long as short
Orderly PERP_1000BONK_USDC−0.0041%4h0.000003385−0.059%$29K$41K20xas long as short
dYdX BONK-USDshort0.0000%1h0.000003380−0.209%$12K$3K10x
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003381−0.174%$2K150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.336%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003375−0.342%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003382−0.148%$200K$290K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003376−0.340%$20K$109K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003381−0.174%$65K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003381−0.177%$115K$117K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003379−0.240%$15.3M$50.7M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003373−0.425%$10.2M$16.5M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003376−0.325%$2.5M$7.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003377−0.295%$743K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003385−0.059%$10.3M$6.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003379−0.242%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003373−0.413%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003379−0.236%$6.5Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003378−0.266%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003417+0.882%$305K$104Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003394+0.207%$57K$693K25xas long as short
SunX BONK-USDT+0.0100%4h0.0000033870.000%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003380−0.207%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003380−0.207%$79K$118K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003376−0.319%$22K$2K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003387long leg$4K3x
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−11.426%$566100xas long as short
Hyperliquid kBONK+0.0728%1h0.000003388+0.030%$10.0M$7.2M10xas long as short
Kraken Futures PF_BONKUSD+0.1135%1h0.000003386−0.029%$206K$149K50xas long as short