Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.005%

Price spread now: Reya against Aster+0.046%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Reya

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 · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.046% dearer against Aster than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000BONKUSDT	0.000003459	0.0100	pay 0.0050% / 4h	3h 59m	$80K	$251K	10x
Short	Reya kBONKRUSDPERP	0.000003461	0.0083	get 0.0010% / 1h	59m 34s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.046%Rate

Funding earned: −$3.6
Price spread: +0.046% → 0.000%: $4.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$13.04
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 57 min ago; Reya: 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, 57 min ago	8.88 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Coinbase International 1000BONK-PERP-INTX	−0.0320%	1h	0.000003462	+0.076%	$43K	$36K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003456	−0.086%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003460	+0.007%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.358%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0078%	4h	0.000003459	−0.010%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003461	+0.046%	$4	—	15x
Lighter 1000BONK	+0.0096%	1h	0.000003462	+0.076%	$226K	$671K	10x	as long as short
Aster 1000BONKUSDTlong	+0.0100%	4h	0.000003459	long leg	$80K	$251K	10x
Pacifica kBONK	+0.0100%	1h	0.000003461	+0.047%	$115K	$108K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003462	+0.076%	$16.7M	$60.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003461	+0.036%	$11.3M	$19.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003463	+0.105%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003461	+0.047%	$838K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003467	+0.221%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003465	+0.151%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003463	+0.105%	$4.4M	$3.2M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003462	+0.076%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003464	+0.131%	$316K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003454	−0.155%	$58K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003461	+0.062%	$34K	$102K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003460	+0.019%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003460	+0.019%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003466	+0.192%	$98K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003464	+0.121%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003460	+0.019%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0136%	4h	0.000003464	+0.134%	$974K	$15.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.279%	$577	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0328%	1h	0.000003461	+0.047%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0364%	1h	0.000003458	−0.039%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0425%	1h	0.000003467	+0.221%	$10.2M	$4.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2429%	1h	0.000003469	+0.291%	$224K	$177K	50x	as long as short