Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Binance against Aster−0.096%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$980.983% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.096%, 7d avg −0.016%

Together, before fees−0.043%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.080% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003509	0.0100	pay 0.0050% / 4h	2h 40m	$59K	$299K	10x
Short	Binance 1000BONKUSDT	0.000003506	0.0100	get 0.0050% / 4h	2h 40m	$17.8M	$70.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.016%: −$8.02
Slippage, 4 orders: −$80.27
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.29
Costs to cover: 0.983%
Break-even: never at this rate

Slippage from Aster: live order book, 7 min ago; Binance: live order book, 2 min ago.

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 Aster live order book, 7 min ago	12.80 bp	42.8 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.42 bp	12.2 bp −$12	29.2 bp −$292	96.3 bp −$9,633	doesn't fit

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	−0.0136%	1h	0.000003479	−0.855%	$43K	$47K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003481	−0.787%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003501	−0.234%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.697%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0081%	4h	0.000003499	−0.285%	$1.0M	$17.6M	75x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003496	−0.371%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0091%	4h	0.000003507	−0.057%	$30K	$53K	20x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003509	0.000%	$248K	$707K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003497	−0.328%	$42K	$114K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003509	long leg	$59K	$299K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003487	−0.627%	$118K	$122K	10x	as long as short
Binance 1000BONKUSDTshort	+0.0100%	4h	0.000003506	−0.096%	$17.8M	$70.8M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003500	−0.256%	$11.5M	$22.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003503	−0.171%	$2.8M	$11.4M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003491	−0.513%	$924K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003500	−0.256%	$9.8M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003507	−0.066%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003507	−0.057%	$4.5M	$3.9M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003505	−0.114%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003496	−0.372%	$328K	$141K	—	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003507	−0.057%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003505	−0.114%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003508	−0.028%	$100K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003503	−0.167%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003502	−0.199%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−14.506%	$386	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.0531%	1h	0.000003523	+0.399%	$59K	$705K	25x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0606%	1h	0.000003509	0.000%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1670%	1h	0.000003503	−0.171%	$11.8M	$6.4M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1672%	1h	0.000003498	−0.313%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2650%	1h	0.000003509	+0.012%	$215K	$218K	50x	as long as short