Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.022%

Price spread now: Aevo against BloFin−0.113%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Aevo

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—needs both histories

Funding pays, the price is against you. Aevo is 0.113% cheaper against BloFin than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 8.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin 1000BONK-USDT	0.000003542	0.0061	pay 0.0031% / 4h	3h 56m	$1.1M	$20.5M	75x
Short	Aevo 1000BONK-PERP	0.000003538	0.0104	get 0.0013% / 1h	56m 39s	$4K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.113%Rate

Funding earned: $8.94
Price spread: −0.113% → 0.000%: −$11.29
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$30.35
Costs to cover: 0.280%
Break-even: 30.8 days

Slippage unknown: BloFin: live order book, 12 min ago; Aevo: 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 BloFin live order book, 12 min ago	1.41 bp	14.5 bp −$15	24.5 bp −$245	90.6 bp −$9,056	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0024%	1h	0.000003535	−0.198%	$42K	$69K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003534	−0.214%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003541	−0.037%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−7.566%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDTlong	+0.0061%	4h	0.000003542	long leg	$1.1M	$20.5M	75x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003542	0.000%	$4	—	15x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003536	−0.169%	$59K	$323K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003537	−0.141%	$118K	$162K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003532	−0.282%	$18.5M	$88.9M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003528	−0.381%	$12.4M	$27.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003529	−0.367%	$3.0M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003534	−0.226%	$946K	$3.5M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003533	−0.254%	$11.5M	$9.8M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003534	−0.237%	$3.0M	$11.1M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003530	−0.339%	$4.5M	$5.4M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003532	−0.282%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003525	−0.479%	$332K	$99K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003528	−0.395%	$59K	$704K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003531	−0.296%	$69K	$138K	10x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003540	−0.056%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003545	+0.085%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003542	0.000%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003543	+0.028%	$100K	$134K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003535	−0.195%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERPshort	+0.0104%	1h	0.000003538	−0.113%	$4K	—	3x
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−15.302%	$540	—	100x	as long as short
Lighter 1000BONK	+0.0368%	1h	0.000003541	−0.028%	$248K	$756K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0597%	1h	0.000003544	+0.056%	$35K	$164K	10x	as long as short
Hyperliquid kBONK	+0.0703%	1h	0.000003542	0.000%	$12.1M	$8.5M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.2249%	1h	0.000003545	+0.085%	$55K	$23K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2927%	1h	0.000003547	+0.133%	$181K	$275K	50x	as long as short