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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0347%/8h= −37.9% APRnext payment $0.43 per $10,000 · paid last 24h +0.079%
Price spread now: gTrade (Gains Network) against Deribit−0.042%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 feesneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and gTrade (Gains Network) is 0.042% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit 1000BONK_USDC-PERPETUAL0.0000033590.0346pay 0.0043% / 1h44m 12s$2K$110K10x
ShortgTrade (Gains Network) BONK/USD0.000003358L +0.0001% / S +0.0001%pay 0.0000% / 1h44m 12s$23150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Deribit. 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
−$72.77
Price spread: −0.042% → 0.000%
−$4.17
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$93.93
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 45 min ago; 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 Deribit live order book, 45 min ago7.36 bp16.7 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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-INTX−0.0320%1h0.000003335−0.714%$42K$33K50xas long as short
dYdX BONK-USD0.0000%1h0.000003345−0.406%$12K$3K10xas long as short
gTrade (Gains Network) BONK/USDshortL +0.0001% / S +0.0001%1h0.000003358−0.042%$23150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.531%$3K$1135.5xas long as short
Orderly PERP_1000BONK_USDC+0.0070%4h0.000003358−0.030%$29K$56K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003357−0.048%$415xas long as short
Lighter 1000BONK+0.0096%1h0.0000033590.000%$223K$668K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003356−0.074%$26K$97K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003360+0.041%$78K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003346−0.387%$111K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003362+0.089%$16.1M$58.4M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003357−0.060%$10.6M$18.4M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003360+0.030%$2.5M$8.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003354−0.149%$813K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003361+0.060%$9.2M$7.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003358−0.021%$2.6M$9.7M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003363+0.119%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.0000033590.000%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003348−0.331%$305K$133Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003351−0.238%$56K$706K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003364+0.149%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003358−0.030%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003361+0.060%$95K$119K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003357−0.071%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003358−0.030%$4K3xas long as short
BloFin 1000BONK-USDT+0.0136%4h0.000003346−0.387%$952K$14.9M75xas long as short
Backpack kBONK_USDC_PERP+0.0192%1h0.000003363+0.119%$29K$7K10xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−10.688%$561100xas long as short
Deribit 1000BONK_USDC-PERPETUALlong+0.0346%1h0.000003359long leg$2K$110K10x
Hyperliquid kBONK+0.0743%1h0.000003362+0.089%$9.9M$4.8M10xas long as short
Kraken Futures PF_BONKUSD+0.2507%1h0.000003362+0.077%$217K$177K50xas long as short