Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0235%/8h= +25.7% APRpaid last 24h −0.109%

Price spread now: Deribit against Aster+0.093%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.518%−$52 on $10k

Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.093%, 7d avg −0.031%

Together, before fees−0.917%+ Points / potential airdropAster: Stage 5 · farm board−$92 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.124% dearer against Aster than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.031%. Mind the row above: over the last 6 days funding on this pair cost −0.518%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003419	0.0100	pay 0.0050% / 4h	29m 00s	$79K	$250K	10x
Short	Deribit 1000BONK_USDC-PERPETUAL	0.000003422	0.0335	get 0.0042% / 1h	29m 00s	$2K	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.093%Rate

Funding earned: $49.31
Price spread: +0.093% → −0.031%: $12.42
Slippage, 4 orders: −$71.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.86
Costs to cover: 0.866%
Break-even: 10.5 days

Slippage from Aster: live order book, 28 min ago; Deribit: live order book, 60 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, 28 min ago	8.88 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 60 min ago	7.36 bp	10.9 bp −$11	doesn't fit	doesn't fit	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	0.000003397	−0.639%	$43K	$34K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003420	+0.046%	$12K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003419	+0.008%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.236%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0073%	4h	0.000003420	+0.034%	$29K	$56K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003419	+0.018%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003424	+0.151%	$226K	$670K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003417	−0.039%	$31K	$101K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003419	long leg	$79K	$250K	10x
Pacifica kBONK	+0.0100%	1h	0.000003419	+0.005%	$114K	$109K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003418	−0.023%	$16.5M	$59.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003416	−0.077%	$10.8M	$18.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003413	−0.171%	$2.5M	$9.0M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003422	+0.093%	$808K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003419	+0.005%	$9.2M	$7.1M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003419	+0.017%	$2.6M	$9.7M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003418	−0.024%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003418	−0.024%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003399	−0.568%	$309K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003388	−0.902%	$57K	$706K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003426	+0.210%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003423	+0.122%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003428	+0.268%	$97K	$119K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003421	+0.066%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003418	−0.024%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0126%	4h	0.000003421	+0.063%	$962K	$15.4M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.251%	$571	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUALshort	+0.0335%	1h	0.000003422	+0.093%	$2K	$110K	10x
Backpack kBONK_USDC_PERP	+0.0337%	1h	0.000003421	+0.063%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0747%	1h	0.000003424	+0.151%	$10.1M	$4.8M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2458%	1h	0.000003429	+0.300%	$221K	$177K	50x	as long as short