Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Aster+0.071%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.071%, 7d avg −0.027%

Together, before fees−0.044%+ 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: BingX is 0.098% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003442	0.0100	pay 0.0050% / 4h	2h 32m	$66K	$253K	10x
Short	BingX 1000BONK-USDT	0.000003444	0.0100	get 0.0050% / 4h	2h 32m	—	$4.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.027%: $9.79
Slippage, 4 orders: −$74.17
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.38
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from Aster: live order book, 35 min ago; BingX: live order book, 8 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, 35 min ago	11.73 bp	46.3 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.44 bp	13.8 bp −$14	33.9 bp −$339	87.6 bp −$8,755	495.5 bp −$247.7K

BONK on 30 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	−0.0336%	1h	0.000003369	−2.109%	$43K	$26K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0010%	4h	0.000003447	+0.158%	$30K	$59K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003437	−0.120%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003447	+0.161%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.869%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003445	+0.099%	$4	—	15x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003442	long leg	$66K	$253K	10x
Pacifica kBONK	+0.0100%	1h	0.000003437	−0.133%	$114K	$125K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003444	+0.067%	$16.1M	$56.5M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003441	−0.017%	$11.0M	$17.7M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003443	+0.042%	$2.5M	$8.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003441	−0.017%	$759K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003442	+0.012%	$9.5M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003441	−0.028%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003441	−0.017%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDTshort	+0.0100%	4h	0.000003444	+0.071%	—	$4.7M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003414	−0.802%	$310K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003417	−0.714%	$58K	$713K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003444	+0.085%	$26K	$114K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003453	+0.332%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003446	+0.129%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003451	+0.274%	$98K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003442	+0.001%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003446	+0.129%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0152%	1h	0.000003447	+0.158%	$232K	$670K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.830%	$576	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0365%	1h	0.000003446	+0.129%	$31K	$7K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0621%	1h	0.000003448	+0.187%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0952%	1h	0.000003450	+0.245%	$10.3M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2039%	1h	0.000003456	+0.407%	$215K	$165K	50x	as long as short