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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0352%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h +0.178%
Price spread now: Aevo against Coinbase International+0.386%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aevo is 0.386% dearer against Coinbase International than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International 1000BONK-PERP-INTX0.000003372−0.0248get 0.0031% / 1h37m 57s$43K$22K50x
ShortAevo 1000BONK-PERP0.0000033850.0104get 0.0013% / 1h37m 57s$4K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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
$73.92
Price spread: +0.386% → 0.000%
$38.55
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
$86.47
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Aevo no order-book sample
Coinbase International and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit 1000BONK_USDC-PERPETUAL−0.0341%1h0.000003381+0.267%$2K$110K10xas long as short
Coinbase International 1000BONK-PERP-INTXlong−0.0248%1h0.000003372long leg$43K$22K50x
BloFin 1000BONK-USDT−0.0140%4h0.000003382+0.297%$1.0M$13.3M75xas long as short
Orderly PERP_1000BONK_USDC−0.0075%4h0.000003385+0.386%$29K$41K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003385+0.397%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003384+0.344%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.906%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003384+0.359%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003384+0.356%$196K$294K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003384+0.371%$19K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003388+0.472%$65K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003385+0.386%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003382+0.292%$15.2M$51.4M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003383+0.338%$10.2M$16.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003379+0.208%$2.5M$7.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003384+0.356%$752K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003385+0.386%$10.1M$6.5M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003383+0.314%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003378+0.178%$4.2M$3.0M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003382+0.297%$6.5Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003385+0.386%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003380+0.241%$303K$102Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003379+0.208%$57K$698K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003388+0.474%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003381+0.267%$2K$6K10xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003384+0.353%$22K$2K25xas long as short
Aevo 1000BONK-PERPshort+0.0104%1h0.000003385+0.386%$4K3x
HTX BONK-USDT+0.0180%4h0.000003399+0.801%$92K$150K30xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−11.032%$566100xas long as short
Hyperliquid kBONK+0.0935%1h0.000003388+0.474%$10.2M$7.4M10xas long as short
Kraken Futures PF_BONKUSD+0.0956%1h0.000003387+0.457%$206K$149K50xas long as short