Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Aster against Binance−0.167%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$900.896% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.167%, 7d avg +0.015%

Together, before fees+0.330%+ Points / potential airdropAster: Stage 5 · farm board+$33 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: Aster is 0.182% cheaper against Binance than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003446	0.0100	pay 0.0050% / 4h	2h 32m	$16.1M	$56.4M	75x
Short	Aster 1000BONKUSDT	0.000003440	0.0100	get 0.0050% / 4h	2h 32m	$66K	$253K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.167%Rate

Funding earned: $0
Price spread: −0.167% → +0.015%: −$18.23
Slippage, 4 orders: −$71.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.87
Costs to cover: 0.896%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Aster: live order book, 35 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 Binance live order book, 10 min ago	1.47 bp	14.5 bp −$14	31.0 bp −$310	242.7 bp −$24.3K	doesn't fit
Sell Aster live order book, 35 min ago	11.73 bp	16.9 bp −$17	doesn't fit	doesn't fit	doesn't fit

BONK on 30 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	−0.0336%	1h	0.000003369	−2.234%	$43K	$26K	50x	as long as short
Orderly PERP_1000BONK_USDC	−0.0010%	4h	0.000003447	+0.029%	$30K	$59K	20x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003437	−0.248%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003447	+0.032%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−4.991%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003445	−0.030%	$4	—	15x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003440	−0.167%	$66K	$253K	10x
Pacifica kBONK	+0.0100%	1h	0.000003437	−0.261%	$114K	$125K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003446	long leg	$16.1M	$56.4M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003436	−0.305%	$10.9M	$17.7M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003443	−0.087%	$2.5M	$8.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003441	−0.145%	$759K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003436	−0.290%	$9.5M	$6.9M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003441	−0.157%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003444	−0.058%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003444	−0.058%	—	$4.7M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003414	−0.929%	$310K	$127K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003417	−0.842%	$58K	$713K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003444	−0.044%	$26K	$114K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003453	+0.203%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003446	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003451	+0.145%	$98K	$158K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003447	+0.018%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003446	0.000%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0152%	1h	0.000003447	+0.029%	$232K	$670K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−12.943%	$576	—	100x	as long as short
Backpack kBONK_USDC_PERP	+0.0365%	1h	0.000003446	0.000%	$31K	$7K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0621%	1h	0.000003448	+0.058%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.0952%	1h	0.000003450	+0.116%	$10.3M	$7.6M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2039%	1h	0.000003456	+0.278%	$215K	$165K	50x	as long as short