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% APRpaid last 24h −0.023%

Price spread now: Nado against Bitget+0.159%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.436%+$44 · spread now +0.159%, 7d avg +0.037%

Together, before fees+0.408%+ Points / potential airdropNado: Active · farm board+$41 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: Nado is 0.122% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000BONKUSDT	0.000003461	0.0100	pay 0.0050% / 4h	0m 56s	$4.4M	$3.2M	75x
Short	Nado kBONK-PERP	0.000003466	0.0100	get 0.0012% / 1h	0m 56s	$32K	$101K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.037%: $12.22
Slippage, 4 orders: −$54.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$61.73
Costs to cover: 0.740%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Nado: live order book, 27 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, 2 min ago	4.34 bp	21.5 bp −$22	50.9 bp −$509	doesn't fit	doesn't fit
Sell Nado live order book, 27 min ago	4.39 bp	14.2 bp −$14	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	−0.0320%	1h	0.000003472	+0.318%	$43K	$36K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003471	+0.299%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003464	+0.075%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.403%	$3K	$113	5.5x	as long as short
Orderly PERP_1000BONK_USDC	+0.0077%	4h	0.000003461	0.000%	$30K	$55K	20x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003463	+0.070%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003468	+0.202%	$227K	$674K	10x	as long as short
Nado kBONK-PERPshort	+0.0100%	1h	0.000003466	+0.159%	$32K	$101K	10x
Aster 1000BONKUSDT	+0.0100%	4h	0.000003464	+0.093%	$80K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003472	+0.318%	$116K	$109K	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	0.000003464	+0.084%	$16.7M	$60.3M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003463	+0.058%	$11.3M	$19.1M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003468	+0.202%	$2.5M	$9.3M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003464	+0.087%	$839K	$2.7M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003462	+0.029%	$9.1M	$7.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003464	+0.090%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDTlong	+0.0100%	4h	0.000003461	long leg	$4.4M	$3.2M	75x
BingX 1000BONK-USDC	+0.0100%	4h	0.000003465	+0.116%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003464	+0.084%	$316K	$133K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003454	−0.202%	$58K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003467	+0.173%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003463	+0.058%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003480	+0.549%	$99K	$120K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003466	+0.132%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003461	0.000%	$4K	—	3x	as long as short
BloFin 1000BONK-USDT	+0.0136%	4h	0.000003464	+0.087%	$974K	$15.8M	75x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−13.320%	$579	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0328%	1h	0.000003464	+0.087%	$6K	$123K	10x	as long as short
Backpack kBONK_USDC_PERP	+0.0365%	1h	0.000003465	+0.116%	$30K	$7K	10x	as long as short
Hyperliquid kBONK	+0.0771%	1h	0.000003470	+0.260%	$10.2M	$4.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2426%	1h	0.000003475	+0.402%	$224K	$177K	50x	as long as short