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+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: BingX against dYdX+0.030%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.030% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000033700get 0.0000% / 1h35m 22s$12K$3K10x
ShortBingX 1000BONK-USDT0.0000033710.0100get 0.0050% / 4h1h 35m$8.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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
$21
Price spread: +0.030% → 0.000%
$2.97
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
$3.97
Costs to cover
0.200%
Break-even
5.7 days
Slippage unknown: dYdX: no order-book sample; BingX: live order book, 3 min ago. 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 dYdX no order-book sample
Sell BingX live order book, 3 min ago4.44 bp15.2 bp −$1530.5 bp −$30569.7 bp −$6,972532.0 bp −$266.0K
dYdX: 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−0.0248%1h0.000003358−0.356%$43K$22K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003376+0.178%$1.0M$13.3M75xas long as short
Orderly PERP_1000BONK_USDC−0.0075%4h0.000003371+0.030%$29K$41K20xas long as short
Deribit 1000BONK_USDC-PERPETUAL−0.0047%1h0.000003371+0.030%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003371+0.045%$1K150xas long as short
dYdX BONK-USDlong0.0000%1h0.000003370long leg$12K$3K10x
Injective BONK/USDC PERP+0.0033%1h0.000003274−2.849%$3K$1135.5xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003372+0.063%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003369−0.030%$195K$294K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003371+0.030%$19K$106K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.0000033700.000%$65K$251K10xas long as short
Pacifica kBONK+0.0100%1h0.0000033700.000%$114K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003371+0.030%$15.2M$51.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003371+0.030%$10.2M$16.6M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003373+0.089%$2.5M$7.7M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003368−0.059%$749K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.0000033700.000%$10.1M$6.5M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003372+0.059%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003368−0.059%$4.2M$3.1M75xas long as short
BingX 1000BONK-USDTshort+0.0100%4h0.000003371+0.030%$8.0M
Backpack kBONK_USDC_PERP+0.0100%1h0.000003368−0.059%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003374+0.122%$313K$112Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003385+0.445%$57K$698K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003371+0.030%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003368−0.059%$2K$6K10xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003369−0.031%$22K$2K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.0000033700.000%$4K3xas long as short
HTX BONK-USDT+0.0154%4h0.000003385+0.445%$91K$150K30xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−10.979%$564100xas long as short
Hyperliquid kBONK+0.0929%1h0.000003380+0.297%$10.1M$7.4M10xas long as short
Kraken Futures PF_BONKUSD+0.0959%1h0.000003377+0.210%$205K$149K50xas long as short