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+0.0455%/8h= +49.8% APRnext payment +$0.57 per $10,000 · paid last 24h +0.149%
Price spread now: gTrade (Gains Network) against Coinbase International+1.568%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 3 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 +$14 a day on $10k at the current rate, and gTrade (Gains Network) is 1.568% dearer against Coinbase International than usual: you sell high and buy low: +$157 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-INTX0.000003342−0.0456get 0.0057% / 1h48m 45s$42K$22K50x
ShortgTrade (Gains Network) BONK/USD0.000003394L 0.0000% / S +0.0001%pay 0.0000% / 1h48m 45s$1K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$95.59
Price spread: +1.568% → 0.000%
$156.79
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$232.38
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
Coinbase International and gTrade (Gains Network): 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−0.0456%1h0.000003342long leg$42K$22K50x
BloFin 1000BONK-USDT−0.0140%4h0.000003394+1.556%$1.0M$13.8M75xas long as short
Orderly PERP_1000BONK_USDC−0.0082%4h0.000003395+1.586%$29K$40K20xas long as short
gTrade (Gains Network) BONK/USDshortL 0.0000% / S +0.0001%1h0.000003394+1.568%$1K150x
dYdX BONK-USD0.0000%1h0.000003396+1.603%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.035%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0045%1h0.000003396+1.616%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003392+1.498%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003398+1.676%$191K$298K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003394+1.556%$20K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003398+1.666%$65K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.000003398+1.676%$115K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003397+1.658%$15.4M$52.0M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003395+1.586%$10.3M$16.7M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003397+1.646%$2.5M$7.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003396+1.616%$729K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003397+1.646%$9.8M$6.6M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003395+1.601%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003394+1.556%$4.2M$3.0M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003397+1.646%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003393+1.528%$305K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003399+1.706%$57K$699K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003400+1.735%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003396+1.616%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003399+1.706%$93K$153K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003396+1.612%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003396+1.616%$4K3xas long as short
Backpack kBONK_USDC_PERP+0.0196%1h0.000003397+1.646%$30K$7K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.233%$567100xas long as short
Hyperliquid kBONK+0.1290%1h0.000003404+1.855%$10.2M$7.2M10xas long as short
Kraken Futures PF_BONKUSD+0.1442%1h0.000003399+1.721%$207K$149K50xas long as short