Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.136%

Price spread now: SunX against Deribit+0.178%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on SunX

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SunX is 0.178% dearer against Deribit than usual: you sell high and buy low: +$18 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	Deribit 1000BONK_USDC-PERPETUAL	0.000003365	0.0047	pay 0.0006% / 1h	58m 25s	$2K	$110K	10x
Short	SunX BONK-USDT	0.000003371	0.0100	get 0.0050% / 4h	3h 58m	$2K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee DeribitbpFee SunXbpOrdersPrice spread, now +0.178%Rate

Funding earned: $11.07
Price spread: +0.178% → 0.000%: $17.83
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $13.9
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Deribit: live order book, 46 min ago; SunX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 46 min ago	8.83 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell SunX no order-book sample	—	—	—	—	—

SunX: 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
Bybit 1000BONKUSDT	−0.0706%	4h	0.000003371	+0.178%	$10.3M	$16.9M	50x	as long as short
Coinbase International 1000BONK-PERP-INTX	−0.0376%	1h	0.000003361	−0.119%	$43K	$22K	50x	as long as short
BloFin 1000BONK-USDT	−0.0140%	4h	0.000003368	+0.089%	$1.0M	$14.0M	75x	as long as short
Orderly PERP_1000BONK_USDC	−0.0062%	4h	0.000003364	−0.030%	$29K	$40K	20x	as long as short
gTrade (Gains Network) BONK/USD	L 0.0000% / S +0.0001%	1h	0.000003376	+0.339%	$1K	—	150x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003368	+0.104%	$12K	$3K	10x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−2.704%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUALlong	+0.0047%	1h	0.000003365	long leg	$2K	$110K	10x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003373	+0.239%	$4	—	15x	as long as short
Lighter 1000BONK	+0.0096%	1h	0.000003372	+0.208%	$233K	$337K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000BONKUSDT	+0.0100%	4h	0.000003371	+0.185%	$65K	$251K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003371	+0.178%	$114K	$123K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003373	+0.227%	$15.5M	$53.1M	75x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003373	+0.238%	$2.5M	$7.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003370	+0.149%	$723K	$2.6M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003371	+0.178%	$9.9M	$6.7M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003372	+0.208%	$2.7M	$9.9M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003369	+0.119%	$4.2M	$3.1M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003373	+0.238%	—	$6.5M	—	as long as short
Backpack kBONK_USDC_PERP	+0.0100%	1h	0.000003366	+0.030%	$30K	$7K	10x	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003368	+0.090%	$302K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003368	+0.089%	$57K	$703K	25x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003373	+0.253%	$19K	$106K	10x	as long as short
SunX BONK-USDTshort	+0.0100%	4h	0.000003371	+0.178%	$2K	$12K	20x
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003366	+0.030%	$2K	$6K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003372	+0.208%	$92K	$153K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003371	+0.174%	$22K	$3K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003363	−0.059%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.4340%	1h	0.000003000	−10.847%	$564	—	100x	as long as short
Hyperliquid kBONK	+0.0565%	1h	0.000003378	+0.386%	$9.9M	$7.5M	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1477%	1h	0.000003372	+0.207%	$206K	$156K	50x	as long as short