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% APRpaid last 24h −0.002%

Price spread now: Pacifica against Aster+0.108%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on Aster Short on Pacifica

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)−0.129%−$13 · spread now +0.108%, 7d avg −0.019%

Together, before fees−0.114%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · 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: Pacifica is 0.127% dearer against Aster than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003371	0.0100	pay 0.0050% / 4h	34m 32s	$65K	$251K	10x
Short	Pacifica kBONK	0.000003375	0.0100	get 0.0013% / 1h	34m 32s	$114K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → −0.019%: $12.7
Slippage, 4 orders: −$59.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$63.29
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from Aster: live order book, 42 min ago; Pacifica: live order book, 43 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, 42 min ago	10.39 bp	26.5 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 43 min ago	4.47 bp	11.0 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	−0.0456%	1h	0.000003342	−0.871%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003369	−0.070%	$1.0M	$13.7M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0075%	4h	0.000003370	−0.041%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003370	−0.055%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003373	+0.035%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.888%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0047%	1h	0.000003369	−0.070%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003372	+0.023%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003376	+0.137%	$189K	$299K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003371	+0.004%	$19K	$106K	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	0.000003371	long leg	$65K	$251K	10x
Pacifica kBONKshort	+0.0100%	1h	0.000003375	+0.108%	$114K	$123K	10x
Binance 1000BONKUSDT	+0.0100%	4h	0.000003372	+0.019%	$15.3M	$52.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003371	−0.011%	$10.3M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003372	+0.019%	$2.5M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003373	+0.048%	$725K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003372	+0.019%	$9.8M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003373	+0.051%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003371	−0.011%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003376	+0.137%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003371	−0.011%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003369	−0.067%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003370	−0.041%	$57K	$701K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003373	+0.048%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003368	−0.100%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003390	+0.553%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003374	+0.076%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003366	−0.159%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.015%	$563	—	100x	as long as short
Hyperliquid kBONK	+0.1263%	1h	0.000003382	+0.315%	$10.2M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1451%	1h	0.000003377	+0.173%	$206K	$150K	50x	as long as short