Funding arb · Price arb /

BONK

all BONK markets

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 0.000%

Price spread now: Aster against BingX+0.029%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.029%, 7d avg +0.032%

Together, before fees−0.070%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000BONK-USDC	0.000003390	0.0100	pay 0.0050% / 4h	3h 19m	—	$6.5M	—
Short	Aster 1000BONKUSDT	0.000003391	0.0100	get 0.0050% / 4h	3h 19m	$65K	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → +0.032%: −$0.24
Slippage, 4 orders: −$84.27
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$102.51
Costs to cover: 1.023%
Break-even: never at this rate

Slippage from BingX: live order book, 16 min ago; Aster: live order book, 52 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 BingX live order book, 16 min ago	2.95 bp	25.3 bp −$25	75.9 bp −$759	510.6 bp −$51.1K	685.8 bp −$342.9K
Sell Aster live order book, 52 min ago	7.47 bp	19.0 bp −$19	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	−0.0376%	1h	0.000003382	−0.236%	$44K	$25K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003382	−0.236%	$1.0M	$14.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0047%	4h	0.000003390	0.000%	$29K	$39K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003389	−0.021%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003390	+0.009%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.422%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0045%	1h	0.000003390	0.000%	$2K	$110K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003387	−0.089%	$4	—	15x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003391	+0.029%	$65K	$262K	10x
Pacifica kBONK	+0.0100%	1h	0.000003388	−0.059%	$112K	$120K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003390	+0.002%	$15.4M	$53.0M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003390	−0.003%	$10.6M	$17.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003388	−0.059%	$2.5M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003391	+0.029%	$732K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003391	+0.029%	$10.0M	$6.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003391	+0.027%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003387	−0.088%	$4.3M	$3.1M	75x	as long as short
BingX 1000BONK-USDClong	+0.0100%	4h	0.000003390	long leg	—	$6.5M	—
Variational Omni 1000BONK	+0.0100%	4h	0.000003384	−0.179%	$304K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003380	−0.295%	$57K	$707K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003387	−0.074%	$18K	$101K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003391	+0.029%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003390	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003391	+0.029%	$93K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003390	+0.007%	$22K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003392	+0.059%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.504%	$566	—	100x	as long as short
Lighter 1000BONK	+0.0312%	1h	0.000003396	+0.177%	$321K	$441K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0321%	1h	0.000003391	+0.029%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0626%	1h	0.000003394	+0.118%	$9.7M	$7.4M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1468%	1h	0.000003395	+0.139%	$212K	$165K	50x	as long as short