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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.136%
Price spread now: Extended against Coinbase International+0.980%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.980% dearer against Coinbase International than usual: you sell high and buy low: +$98 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-INTX0.000003430−0.0024get 0.0003% / 1h22m 38s$43K$82K50x
ShortExtended 1000BONK-USD0.0000034640.0104get 0.0013% / 1h22m 38s$22K$5K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$26.88
Price spread: +0.980% → 0.000%
$97.96
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$109.84
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; Extended: 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 Extended no order-book sample
Coinbase International and Extended: 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-INTXlong−0.0024%1h0.000003430long leg$43K$82K50x
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003456+0.746%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−4.548%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003456+0.771%$415xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003464+0.991%$47K$295K10xas long as short
Pacifica kBONK+0.0100%1h0.000003459+0.845%$115K$163K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003460+0.888%$17.9M$90.8M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003460+0.880%$12.3M$27.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003465+1.020%$3.0M$15.1M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003459+0.845%$915K$3.6M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC 1000BONK_USDT+0.0100%4h0.000003463+0.962%$11.0M$10.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003462+0.942%$2.9M$11.1M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003461+0.904%$4.5M$5.4M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003463+0.962%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003417−0.384%$319K$96Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003420−0.292%$58K$698K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003457+0.787%$66K$142K10xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003457+0.787%$30K$51K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003463+0.962%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003457+0.787%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003461+0.904%$99K$137K30xas long as short
Extended 1000BONK-USDshort+0.0104%1h0.000003464+0.980%$22K$5K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003458+0.816%$4K3xas long as short
BloFin 1000BONK-USDT+0.0119%4h0.000003458+0.816%$1.1M$19.7M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−12.536%$528100xas long as short
dYdX BONK-USD+0.0212%1h0.000003459+0.857%$13K$11K10xas long as short
Lighter 1000BONK+0.0280%1h0.000003463+0.962%$246K$767K10xas long as short
Hyperliquid kBONK+0.0600%1h0.000003462+0.933%$11.8M$8.3M10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0618%1h0.000003461+0.904%$24K$174K10xas long as short
Backpack kBONK_USDC_PERP+0.1636%1h0.000003464+0.991%$53K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.3000%1h0.000003460+0.875%$175K$273K50xas long as short