Funding arb · Price arb /

BONK

all BONK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.008%

Price spread now: BloFin against dYdX+0.164%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 6 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 +$4 a day on $10k at the current rate, and BloFin is 0.164% dearer against dYdX than usual: you sell high and buy low: +$16 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	dYdX BONK-USD	0.000003481	0	get 0.0000% / 1h	54m 53s	$13K	$3K	10x
Short	BloFin 1000BONK-USDT	0.000003487	0.0117	get 0.0059% / 4h	2h 54m	$1.0M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee dYdXbpFee BloFinbpOrdersPrice spread, now +0.164%Rate

Funding earned: $24.62
Price spread: +0.164% → 0.000%: $16.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.98
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 4 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	8.59 bp	18.1 bp −$18	32.9 bp −$329	92.6 bp −$9,262	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0136%	1h	0.000003477	−0.124%	$43K	$46K	50x	as long as short
dYdX BONK-USDlong	0.0000%	1h	0.000003481	long leg	$13K	$3K	10x
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003484	+0.080%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−5.955%	$3K	$113	5.5x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0037%	1h	0.000003488	+0.192%	$9K	$133K	10x	as long as short
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003483	+0.047%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0084%	4h	0.000003487	+0.164%	$30K	$53K	20x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003493	+0.333%	$58K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003486	+0.135%	$116K	$120K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003487	+0.172%	$17.7M	$69.5M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003486	+0.123%	$11.5M	$21.6M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003483	+0.049%	$2.7M	$11.1M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003487	+0.164%	$909K	$3.0M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003487	+0.164%	$9.7M	$8.0M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003488	+0.201%	$3.0M	$10.3M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003485	+0.106%	$4.4M	$3.7M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003487	+0.164%	—	$4.8M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003504	+0.649%	$325K	$141K	—	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003485	+0.121%	$42K	$114K	10x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003492	+0.307%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003488	+0.192%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003491	+0.279%	$99K	$130K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003483	+0.050%	$23K	$4K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003485	+0.106%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0112%	1h	0.000003492	+0.307%	$246K	$703K	10x	as long as short
BloFin 1000BONK-USDTshort	+0.0117%	4h	0.000003487	+0.164%	$1.0M	$17.3M	75x
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−13.825%	$384	—	100x	as long as short
ApeX Omni 1000BONKUSDT	+0.1592%	1h	0.000003512	+0.882%	$59K	$705K	25x	as long as short
Hyperliquid kBONK	+0.1642%	1h	0.000003497	+0.451%	$11.5M	$6.1M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1866%	1h	0.000003492	+0.307%	$46K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2662%	1h	0.000003493	+0.337%	$214K	$211K	50x	as long as short