Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Extended against Binance−0.005%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003360	0.0100	pay 0.0050% / 4h	4m 57s	$15.2M	$52.7M	75x
Short	Extended 1000BONK-USD	0.000003360	0.0104	get 0.0013% / 1h	4m 57s	$22K	$3K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0.84
Price spread: −0.005% → 0.000%: −$0.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$14.62
Costs to cover: 0.150%
Break-even: 128.9 days

Slippage unknown: Binance: live order book, 7 min ago; Extended: 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 Binance live order book, 7 min ago	1.49 bp	11.8 bp −$12	26.3 bp −$263	222.2 bp −$22.2K	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	−0.0456%	1h	0.000003344	−0.476%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003355	−0.149%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0062%	4h	0.000003353	−0.208%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003354	−0.182%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003353	−0.194%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.560%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0048%	1h	0.000003355	−0.149%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003354	−0.178%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003357	−0.089%	$214K	$326K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003353	−0.193%	$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 1000BONKUSDT	+0.0100%	4h	0.000003357	−0.084%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003353	−0.208%	$113K	$123K	10x	as long as short
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003360	long leg	$15.2M	$52.7M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003360	0.000%	$10.3M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003361	+0.030%	$2.4M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003359	−0.030%	$716K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003355	−0.149%	$9.8M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003357	−0.086%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003355	−0.149%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003361	+0.030%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003357	−0.089%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003349	−0.326%	$301K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003350	−0.298%	$56K	$702K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003359	−0.030%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003355	−0.149%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003362	+0.060%	$92K	$153K	30x	as long as short
Extended 1000BONK-USDshort	+0.0104%	1h	0.000003360	−0.005%	$22K	$3K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003351	−0.268%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.714%	$561	—	100x	as long as short
Hyperliquid kBONK	+0.1171%	1h	0.000003361	+0.030%	$10.1M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1458%	1h	0.000003360	+0.004%	$205K	$151K	50x	as long as short