Funding arb · Price arb /

BONK

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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: Bybit against Aster+0.134%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$880.885% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.134%, 7d avg −0.043%

Together, before fees−0.110%+ Points / potential airdropAster: Stage 5 · farm board−$11 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: Bybit is 0.177% dearer against Aster than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003400	0.0100	pay 0.0050% / 4h	31m 05s	$79K	$250K	10x
Short	Bybit 1000BONKUSDT	0.000003405	0.0100	get 0.0050% / 4h	31m 05s	$10.8M	$18.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → −0.043%: $17.75
Slippage, 4 orders: −$69.45
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$70.71
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from Aster: live order book, 26 min ago; Bybit: 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, 26 min ago	8.88 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.47 bp	13.3 bp −$13	34.1 bp −$341	185.2 bp −$18.5K	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	−0.0320%	1h	0.000003363	−1.098%	$43K	$33K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003401	+0.031%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003400	−0.022%	$23	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.716%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0044%	1h	0.000003400	−0.010%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0073%	4h	0.000003399	−0.039%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003402	+0.047%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003404	+0.108%	$226K	$668K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003402	+0.049%	$31K	$101K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003400	long leg	$79K	$250K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003402	+0.049%	$113K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003406	+0.152%	$16.5M	$59.4M	75x	as long as short
Bybit 1000BONKUSDTshort	+0.0100%	4h	0.000003405	+0.134%	$10.8M	$18.5M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003403	+0.078%	$2.5M	$8.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003400	−0.010%	$799K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003401	+0.019%	$9.2M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003401	+0.016%	$2.6M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003403	+0.078%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003403	+0.078%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003399	−0.027%	$309K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003388	−0.363%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003408	+0.225%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003402	+0.049%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003402	+0.049%	$96K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003401	+0.008%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003399	−0.039%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0112%	4h	0.000003403	+0.078%	$963K	$15.3M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.774%	$568	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0321%	1h	0.000003406	+0.166%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0738%	1h	0.000003410	+0.284%	$10.0M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2468%	1h	0.000003415	+0.433%	$221K	$177K	50x	as long as short