Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Aster against Bitget+0.084%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.084%, 7d avg +0.051%

Together, before fees−0.105%+ Points / potential airdropAster: Stage 5 · farm board−$11 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 0.033% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003349	0.0100	pay 0.0050% / 4h	12m 12s	$4.2M	$3.1M	75x
Short	Aster 1000BONKUSDT	0.000003352	0.0100	get 0.0050% / 4h	12m 12s	$64K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.051%: $3.3
Slippage, 4 orders: −$62.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$78.76
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 64 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 Bitget live order book, 1 min ago	4.48 bp	20.5 bp −$20	32.2 bp −$322	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	10.39 bp	20.7 bp −$21	296.5 bp −$2,965	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	−0.0456%	1h	0.000003344	−0.149%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003349	0.000%	$1.0M	$13.8M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0064%	4h	0.000003351	+0.060%	$29K	$40K	20x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	−0.0049%	1h	0.000003349	0.000%	$2K	$110K	10x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003351	+0.072%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003350	+0.045%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.239%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003351	+0.061%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003351	+0.060%	$190K	$302K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003352	+0.105%	$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 1000BONKUSDTshort	+0.0100%	4h	0.000003352	+0.084%	$64K	$251K	10x
Pacifica kBONK	+0.0100%	1h	0.000003352	+0.090%	$113K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003351	+0.047%	$15.2M	$52.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003350	+0.018%	$10.2M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003350	+0.030%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003350	+0.030%	$714K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003349	0.000%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003350	+0.036%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003349	long leg	$4.2M	$3.1M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003351	+0.060%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003351	+0.060%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003358	+0.269%	$301K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003355	+0.179%	$56K	$701K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003356	+0.209%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003349	0.000%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003360	+0.328%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003350	+0.026%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003348	−0.030%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.421%	$560	—	100x	as long as short
Hyperliquid kBONK	+0.1199%	1h	0.000003360	+0.328%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1461%	1h	0.000003354	+0.164%	$204K	$150K	50x	as long as short