Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.001%

Price spread now: Reya against Binance−0.073%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 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 airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.073% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000BONKUSDT	0.000003535	0.0100	pay 0.0050% / 4h	2h 15m	$18.2M	$72.6M	75x
Short	Reya kBONKRUSDPERP	0.000003532	0.0083	get 0.0010% / 1h	15m 22s	$4	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.073%Rate

Funding earned: −$3.6
Price spread: −0.073% → 0.000%: −$7.26
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$26.86
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	1.43 bp	14.2 bp −$14	29.6 bp −$296	176.1 bp −$17.6K	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	−0.0136%	1h	0.000003559	+0.679%	$44K	$49K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003533	−0.046%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003531	−0.111%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.384%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0072%	4h	0.000003567	+0.905%	$1.0M	$18.2M	75x	as long as short
Reya kBONKRUSDPERPshort	+0.0083%	1h	0.000003532	−0.073%	$4	—	15x
Orderly PERP_1000BONK_USDC	+0.0099%	4h	0.000003533	−0.057%	$30K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003532	−0.071%	$46K	$115K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003539	+0.125%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003537	+0.056%	$119K	$125K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDTlong	+0.0100%	4h	0.000003535	long leg	$18.2M	$72.6M	75x
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003531	−0.116%	$11.7M	$22.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003535	0.000%	$2.8M	$11.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003533	−0.057%	$935K	$3.2M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003534	−0.029%	$10.5M	$8.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003533	−0.048%	$3.0M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003531	−0.113%	$4.5M	$4.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003533	−0.057%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003548	+0.379%	$330K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003557	+0.622%	$60K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003556	+0.594%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003554	+0.537%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003561	+0.735%	$101K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003533	−0.070%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003549	+0.396%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−15.135%	$390	—	100x	as long as short
Lighter 1000BONK	+0.0200%	1h	0.000003540	+0.141%	$248K	$723K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0595%	1h	0.000003552	+0.481%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1537%	1h	0.000003543	+0.226%	$11.8M	$6.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1626%	1h	0.000003558	+0.650%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2611%	1h	0.000003561	+0.737%	$218K	$218K	50x	as long as short