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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.1292%/8h= +141.4% APRnext payment +$1.61 per $10,000 · paid last 24h +0.420%
Price spread now: Kraken Futures against Aevo+0.170%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Kraken Futures is 0.170% 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo 1000BONK-PERP0.0000034130.0104pay 0.0013% / 1h10m 04s$4K3x
ShortKraken Futures PF_BONKUSD0.0000034190.1396get 0.0174% / 1h10m 04s$176K$256K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$271.24
Price spread: +0.170% → 0.000%
$16.96
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$262.2
Costs to cover
0.260%
Break-even
0.2 days
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 31 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 Kraken Futures live order book, 31 min ago20.49 bp33.8 bp −$3487.2 bp −$872doesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003410−0.079%$24150xas long as short
Coinbase International 1000BONK-PERP-INTX+0.0032%1h0.000003397−0.469%$44K$89K50xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.073%$3K$575.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0043%1h0.0000034130.000%$23K$152K10xas long as short
dYdX BONK-USD+0.0048%1h0.000003410−0.088%$13K$10K10xas long as short
BloFin 1000BONK-USDT+0.0059%4h0.000003415+0.059%$1.0M$20.2M75xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003410−0.086%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003417+0.117%$227K$757K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003414+0.015%$63K$134K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003418+0.146%$47K$207K10xas long as short
Show all 31 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003414+0.029%$113K$148K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003418+0.147%$17.5M$90.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003417+0.117%$11.8M$26.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003418+0.146%$2.9M$14.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.0000034130.000%$924K$3.4M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003414+0.029%$10.8M$11.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003412−0.021%$2.8M$10.3M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.0000034130.000%$4.4M$5.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003412−0.029%$4.9Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003409−0.130%$323K$137Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003419+0.176%$58K$692K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.0000034130.000%$29K$45K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003418+0.146%$2K$14K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.0000034130.000%$2K$9K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003428+0.439%$93K$156K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003411−0.064%$22K$4K25xas long as short
Aevo 1000BONK-PERPlong+0.0104%1h0.000003413long leg$4K3x
GMX BONK/USD [ETH-USDC]L +0.0194% / S −0.1287%1h0.000003000−12.101%$404100xas long as short
Hyperliquid kBONK+0.0476%1h0.000003419+0.176%$11.8M$8.1M10xas long as short
Kraken Futures PF_BONKUSDshort+0.1396%1h0.000003419+0.170%$176K$256K50x
Backpack kBONK_USDC_PERP+0.1493%1h0.000003418+0.146%$53K$25K10xas long as short