Settings8H · net · $10k
Funding arb · Price arb /

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.001%
Price spread now: Reya against Bybit−0.063%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.063% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 1000BONKUSDT0.0000033580.0100pay 0.0050% / 4h1h 29m$10.2M$16.6M50x
ShortReya kBONKRUSDPERP0.0000033560.0083get 0.0010% / 1h29m 19s$415x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
−$3.6
Price spread: −0.063% → 0.000%
−$6.31
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Reya: 3 bp × 2 orders
−$6
Net
−$26.91
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago1.49 bp15.0 bp −$1538.7 bp −$387371.3 bp −$37.1Kdoesn't fit
Sell Reya no order-book sample
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0248%1h0.000003340−0.542%$42K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003359+0.024%$1.0M$13.3M75xas long as short
Orderly PERP_1000BONK_USDC−0.0078%4h0.000003359+0.024%$29K$41K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003359+0.021%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003351−0.226%$12K$3K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003358−0.006%$2K$110K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.507%$3K$1135.5xas long as short
Reya kBONKRUSDPERPshort+0.0083%1h0.000003356−0.063%$415x
Lighter 1000BONK+0.0096%1h0.000003359+0.024%$189K$300K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003357−0.032%$64K$251K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003355−0.095%$113K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003359+0.024%$15.1M$51.5M75xas long as short
Bybit 1000BONKUSDTlong+0.0100%4h0.000003358long leg$10.2M$16.6M50x
OKX BONK-USDT-SWAP+0.0100%8h0.000003360+0.054%$2.4M$7.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003352−0.185%$741K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003358−0.006%$10.2M$6.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003357−0.036%$2.6M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003357−0.036%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003356−0.066%$8.0Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003352−0.185%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003352−0.182%$301K$121Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003362+0.113%$57K$699K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003357−0.021%$19K$106K10xas long as short
SunX BONK-USDT+0.0100%4h0.000003361+0.083%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003356−0.066%$2K$6K10xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003358−0.009%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003357−0.036%$4K3xas long as short
HTX BONK-USDT+0.0115%4h0.000003382+0.709%$91K$150K30xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.666%$561100xas long as short
Hyperliquid kBONK+0.0923%1h0.000003364+0.173%$10.1M$7.4M10xas long as short
Kraken Futures PF_BONKUSD+0.0964%1h0.000003360+0.066%$204K$149K50xas long as short