Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.001%

Price spread now: SoDEX against BloFin−0.060%56s7-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 SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.060% cheaper against BloFin than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin 1000BONK-USDT	0.000003359	−0.0140	get 0.0070% / 4h	24m 19s	$1.0M	$13.7M	75x
Short	SoDEX 1000BONK-USD	0.000003357	0.0100	get 0.0013% / 1h	24m 19s	$2K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $50.4
Price spread: −0.060% → 0.000%: −$5.95
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $24.45
Costs to cover: 0.200%
Break-even: 3.6 days

Slippage unknown: BloFin: live order book, 5 min ago; SoDEX: 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, 5 min ago	1.48 bp	12.1 bp −$12	21.0 bp −$210	61.6 bp −$6,156	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0456%	1h	0.000003342	−0.506%	$42K	$22K	50x	as long as short
BloFin 1000BONK-USDTlong	−0.0140%	4h	0.000003359	long leg	$1.0M	$13.7M	75x
Orderly PERP_1000BONK_USDC	−0.0069%	4h	0.000003355	−0.119%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003357	−0.048%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003359	+0.013%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.531%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003356	−0.089%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003359	0.000%	$188K	$300K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003356	−0.093%	$64K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003357	−0.060%	$113K	$123K	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	0.000003358	−0.041%	$15.2M	$52.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003354	−0.164%	$10.2M	$16.8M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003357	−0.060%	$2.4M	$7.8M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003355	−0.119%	$716K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003357	−0.060%	$9.7M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003355	−0.104%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003354	−0.149%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003356	−0.089%	—	$8.0M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003361	+0.060%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003363	+0.122%	$303K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003370	+0.327%	$57K	$703K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003358	−0.015%	$19K	$106K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003362	+0.089%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USDshort	+0.0100%	1h	0.000003357	−0.060%	$2K	$6K	10x
HTX BONK-USDT	+0.0100%	4h	0.000003375	+0.476%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003355	−0.110%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003353	−0.179%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.688%	$561	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0346%	1h	0.000003356	−0.089%	$2K	$110K	10x	as long as short
Hyperliquid kBONK	+0.1249%	1h	0.000003365	+0.179%	$10.1M	$7.2M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1458%	1h	0.000003362	+0.093%	$205K	$150K	50x	as long as short