Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Aster−0.053%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$960.964% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.053%, 7d avg +0.023%

Together, before fees+0.084%+ Points / potential airdropAster: Stage 5 · farm board+$8 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: KuCoin is 0.075% 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 +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003389	0.0100	pay 0.0050% / 4h	2h 25m	$65K	$251K	10x
Short	KuCoin 1000BONKUSDTM	0.000003387	0.0100	get 0.0050% / 4h	2h 25m	$2.7M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.023%: −$7.53
Slippage, 4 orders: −$76.43
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.96
Costs to cover: 0.964%
Break-even: never at this rate

Slippage from Aster: live order book, 61 min ago; KuCoin: live order book, 3 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, 61 min ago	8.84 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.96 bp	26.3 bp −$26	169.9 bp −$1,699	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	0.000003394	+0.157%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003399	+0.304%	$1.0M	$13.3M	75x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0044%	1h	0.000003396	+0.216%	$2K	$110K	10x	as long as short
Orderly PERP_1000BONK_USDC	−0.0041%	4h	0.000003398	+0.275%	$29K	$41K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003396	+0.219%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003373	−0.467%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.384%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003396	+0.227%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003377	−0.345%	$199K	$289K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003396	+0.230%	$19K	$107K	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	0.000003389	long leg	$65K	$251K	10x
Pacifica kBONK	+0.0100%	1h	0.000003418	+0.865%	$116K	$117K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003376	−0.374%	$15.3M	$50.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003375	−0.395%	$10.2M	$16.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003380	−0.256%	$2.5M	$7.7M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003384	−0.138%	$744K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003380	−0.256%	$10.3M	$6.6M	125x	as long as short
KuCoin 1000BONKUSDTMshort	+0.0100%	4h	0.000003387	−0.053%	$2.7M	$9.8M	75x
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003374	−0.434%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003378	−0.315%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003387	−0.050%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003353	−1.043%	$302K	$104K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003361	−0.817%	$57K	$693K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003390	+0.039%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003385	−0.109%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003400	+0.334%	$79K	$118K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003379	−0.282%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003398	+0.275%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.470%	$568	—	100x	as long as short
Hyperliquid kBONK	+0.0720%	1h	0.000003382	−0.197%	$10.2M	$7.1M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1133%	1h	0.000003391	+0.056%	$206K	$149K	50x	as long as short