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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0071%/8h= −7.7% APRnext payment $0.09 per $10,000 · paid last 24h −0.029%
Price spread now: Injective against Aevo−5.321%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 4 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 −$2 a day on $10k at the current rate, and Injective is 5.321% cheaper against Aevo than usual: you would sell low and buy high (−$532 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-PERP0.0000034580.0104pay 0.0013% / 1h22m 25s$4K3x
ShortInjective BONK/USDC PERP0.0000032740.0033get 0.0004% / 1h22m 25s$3K$1135.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14.84
Price spread: −5.321% → 0.000%
−$532.1
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$562.96
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Injective: 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 Injective no order-book sample
Aevo and Injective: 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−0.0024%1h0.000003430−0.810%$43K$82K50xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003456−0.069%$24150xas long as short
Injective BONK/USDC PERPshort+0.0033%1h0.000003274−5.321%$3K$1135.5x
Reya kBONKRUSDPERP+0.0083%1h0.000003464+0.187%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003464+0.188%$66K$141K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003464+0.174%$47K$295K10xas long as short
Pacifica kBONK+0.0100%1h0.000003459+0.029%$115K$163K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003467+0.260%$17.9M$90.8M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003461+0.095%$12.3M$27.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003465+0.202%$3.0M$15.1M20xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BONK_USDT+0.0100%4h0.000003459+0.029%$915K$3.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003463+0.145%$11.0M$10.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003462+0.124%$2.9M$11.1M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003463+0.145%$4.5M$5.4M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003462+0.116%$5.1Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003417−1.190%$319K$96Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003420−1.099%$58K$698K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003457−0.029%$30K$51K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003463+0.145%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003457−0.029%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003461+0.087%$99K$137K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003464+0.162%$22K$5K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003458long leg$4K3x
BloFin 1000BONK-USDT+0.0119%4h0.0000034580.000%$1.1M$19.7M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−13.245%$528100xas long as short
dYdX BONK-USD+0.0212%1h0.000003459+0.041%$13K$11K10xas long as short
Lighter 1000BONK+0.0280%1h0.000003463+0.145%$246K$767K10xas long as short
Hyperliquid kBONK+0.0604%1h0.000003470+0.347%$11.8M$8.3M10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0618%1h0.000003461+0.087%$24K$174K10xas long as short
Backpack kBONK_USDC_PERP+0.1636%1h0.000003464+0.174%$53K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.3000%1h0.000003460+0.058%$175K$273K50xas long as short