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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0698%/8h= +76.4% APRnext payment +$0.87 per $10,000 · paid last 24h +0.056%
Price spread now: Hyperliquid against Aevo+0.266%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.266% dearer against Aevo than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000033780.0104pay 0.0013% / 1h59m 17s$4K3x
ShortHyperliquid kBONK0.0000033870.0802get 0.0100% / 1h59m 17s$10.2M$7.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$146.6
Price spread: +0.266% → 0.000%
$26.64
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$148.25
Costs to cover
0.250%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Hyperliquid: live order book, 3 min ago. 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 Hyperliquid live order book, 3 min ago1.48 bp7.1 bp −$725.9 bp −$259doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0456%1h0.000003342−1.066%$42K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003384+0.178%$1.0M$13.5M75xas long as short
Orderly PERP_1000BONK_USDC−0.0087%4h0.000003380+0.059%$29K$41K20xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0046%1h0.000003381+0.089%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003381+0.101%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003380+0.059%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.079%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003377−0.029%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003384+0.178%$190K$298K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003380+0.070%$65K$251K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003380+0.059%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003381+0.079%$15.3M$51.9M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003380+0.050%$10.2M$16.7M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003384+0.178%$2.5M$7.8M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003377−0.030%$723K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003381+0.089%$10.0M$6.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003380+0.071%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003379+0.030%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.0000033780.000%$6.5Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003385+0.207%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003369−0.265%$303K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003372−0.178%$57K$700K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003377−0.015%$19K$106K10xas long as short
SunX BONK-USDT+0.0100%4h0.000003382+0.118%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003383+0.148%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003390+0.355%$92K$151K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003382+0.113%$22K$2K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003378long leg$4K3x
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−11.190%$564100xas long as short
Hyperliquid kBONKshort+0.0802%1h0.000003387+0.266%$10.2M$7.2M10x
Kraken Futures PF_BONKUSD+0.1445%1h0.000003392+0.417%$206K$149K50xas long as short