Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.182%

Price spread now: Aster against Coinbase International+0.403%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Aster is 0.403% dearer against Coinbase International than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000BONK-PERP-INTX	0.000003386	−0.0320	get 0.0040% / 1h	55m 37s	$43K	$20K	50x
Short	Aster 1000BONKUSDT	0.000003400	0.0100	get 0.0050% / 4h	2h 55m	$67K	$252K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.403%Rate

Funding earned: $88.2
Price spread: +0.403% → 0.000%: $40.34
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $110.54
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 31 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 31 min ago	8.84 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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-INTXlong	−0.0320%	1h	0.000003386	long leg	$43K	$20K	50x
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003392	+0.177%	$1.0M	$13.3M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0041%	4h	0.000003397	+0.325%	$29K	$42K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003397	+0.328%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003400	+0.412%	$12K	$3K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	0.0000%	1h	0.000003398	+0.354%	$11K	$100K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−3.308%	$3K	$113	5.5x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003395	+0.253%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003399	+0.384%	$203K	$282K	10x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003398	+0.354%	$20K	$104K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDTshort	+0.0100%	4h	0.000003400	+0.403%	$67K	$252K	10x
Pacifica kBONK	+0.0100%	1h	0.000003398	+0.354%	$117K	$116K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003400	+0.413%	$15.4M	$49.6M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003398	+0.354%	$10.3M	$16.0M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003400	+0.413%	$2.5M	$7.6M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003397	+0.325%	$753K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003392	+0.177%	$9.9M	$6.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003396	+0.295%	$2.7M	$9.8M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003396	+0.295%	$4.3M	$3.0M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003397	+0.325%	—	$8.2M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003397	+0.325%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003397	+0.339%	$305K	$105K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003395	+0.266%	$57K	$692K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003402	+0.473%	$2K	$12K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003397	+0.325%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003406	+0.591%	$80K	$117K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003399	+0.388%	$22K	$2K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003396	+0.295%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−11.400%	$567	—	100x	as long as short
Hyperliquid kBONK	+0.0767%	1h	0.000003404	+0.532%	$10.1M	$6.9M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1129%	1h	0.000003404	+0.528%	$207K	$183K	50x	as long as short