Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.4240%/8h= +464.3% APRpaid last 24h +0.221%

Price spread now: GMX against Aster−11.404%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 11.404% cheaper against Aster than usual: you would sell low and buy high (spread −11.404% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,140 on $10k: about 9.0 days of funding at the current rate (+$127 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003386	0.0100	pay 0.0050% / 4h	2h 44m	$67K	$252K	10x
Short	GMX BONK/USD [ETH-USDC]	0.000003000	L +0.0196% / S −0.4340%	get 0.0542% / 1h	44m 04s	$564	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −11.404%Rate

Funding earned: $890.37
Price spread: −11.404% → 0.000%: −$1,140.38
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$270.01
Costs to cover: 0.200%
Break-even: 9.1 days

Slippage unknown: Aster: live order book, 42 min ago; GMX: no order-book sample. Net counts fees only.

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, 42 min ago	8.84 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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
Deribit 1000BONK_USDC-PERPETUAL	−0.0341%	1h	0.000003382	−0.123%	$2K	$110K	10x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003377	−0.270%	$43K	$21K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003383	−0.093%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0034%	4h	0.000003386	−0.004%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003382	−0.134%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003379	−0.211%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.312%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003381	−0.156%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003385	−0.034%	$203K	$283K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003377	−0.255%	$20K	$104K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003386	long leg	$67K	$252K	10x
Pacifica kBONK	+0.0100%	1h	0.000003379	−0.211%	$116K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003385	−0.034%	$15.3M	$49.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003384	−0.066%	$10.2M	$16.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003385	−0.034%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003380	−0.182%	$745K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003386	−0.004%	$9.8M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003383	−0.099%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003381	−0.152%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003383	−0.093%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003384	−0.063%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003383	−0.093%	$304K	$105K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003384	−0.063%	$57K	$693K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003387	+0.025%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003382	−0.123%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	+0.114%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003382	−0.135%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003382	−0.123%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]short	L +0.0196% / S −0.4340%	1h	0.000003000	−11.404%	$564	—	100x
Hyperliquid kBONK	+0.0762%	1h	0.000003390	+0.114%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1133%	1h	0.000003390	+0.118%	$206K	$185K	50x	as long as short