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 +0.006%

Price spread now: Aster against Bybit+0.390%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.235%−$24 · spread now +0.390%, 7d avg +0.040%

Together, before fees−0.197%+ Points / potential airdropAster: Stage 5 · farm board−$20 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 0.350% dearer against Bybit than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000BONKUSDT	0.000003374	0.0100	pay 0.0050% / 4h	2h 54m	$10.3M	$16.1M	50x
Short	Aster 1000BONKUSDT	0.000003387	0.0100	get 0.0050% / 4h	2h 54m	$67K	$252K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.390%Rate

Funding earned: $0
Price spread: +0.390% → +0.040%: $35.04
Slippage, 4 orders: −$61.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.4
Costs to cover: 0.804%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 32 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 Bybit live order book, 4 min ago	2.95 bp	13.4 bp −$13	33.5 bp −$335	doesn't fit	doesn't fit
Sell Aster live order book, 32 min ago	8.84 bp	17.8 bp −$18	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	0.000003386	+0.362%	$43K	$20K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003396	+0.658%	$1.0M	$13.2M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0039%	4h	0.000003400	+0.777%	$29K	$42K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003400	+0.780%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003387	+0.391%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.958%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003399	+0.749%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003388	+0.421%	$202K	$282K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003398	+0.717%	$20K	$104K	10x	as long as short
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003387	+0.390%	$67K	$252K	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kBONK	+0.0100%	1h	0.000003387	+0.391%	$116K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003389	+0.455%	$15.3M	$49.6M	75x	as long as short
Bybit 1000BONKUSDTlong	+0.0100%	4h	0.000003374	long leg	$10.3M	$16.1M	50x
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003371	−0.083%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003375	+0.036%	$746K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003372	−0.053%	$9.8M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003386	+0.362%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003371	−0.083%	$4.2M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003374	+0.006%	—	$8.3M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003399	+0.747%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003397	+0.702%	$305K	$105K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003395	+0.628%	$57K	$692K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003403	+0.865%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003398	+0.717%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003404	+0.895%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003370	−0.123%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003396	+0.658%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0197% / S −0.4340%	1h	0.000003000	−11.079%	$568	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0338%	1h	0.000003401	+0.806%	$11K	$100K	10x	as long as short
Hyperliquid kBONK	+0.0749%	1h	0.000003394	+0.599%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1129%	1h	0.000003403	+0.854%	$207K	$183K	50x	as long as short