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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h −0.092%
Price spread now: Deribit against dYdX+0.104%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 +$1 a day on $10k at the current rate, and Deribit is 0.104% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000034520get 0.0000% / 1h25m 54s$13K$3K10x
ShortDeribit 1000BONK_USDC-PERPETUAL0.0000034560.0039get 0.0005% / 1h25m 54s$2K$110K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$8.28
Price spread: +0.104% → 0.000%
$10.39
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$1.67
Costs to cover
0.170%
Break-even
5.6 days
Slippage unknown: dYdX: no order-book sample; Deribit: live order book, 8 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 Deribit live order book, 8 min ago8.77 bp12.3 bp −$12doesn't fitdoesn't fitdoesn'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 30 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−0.0336%1h0.000003369−2.416%$43K$26K50xas long as short
Orderly PERP_1000BONK_USDC−0.0007%4h0.000003454+0.046%$30K$59K20xas long as short
dYdX BONK-USDlong0.0000%1h0.000003452long leg$13K$3K10x
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003459+0.179%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−5.168%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUALshort+0.0039%1h0.000003456+0.104%$2K$110K10x
Reya kBONKRUSDPERP+0.0083%1h0.000003461+0.247%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003459+0.191%$233K$671K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003460+0.234%$27K$114K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003457+0.133%$67K$253K10xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kBONK+0.0100%1h0.000003453+0.017%$115K$123K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003451−0.036%$16.2M$56.6M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003450−0.081%$11.0M$17.8M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003448−0.128%$2.5M$8.4M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003453+0.017%$764K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003450−0.070%$9.6M$6.9M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003451−0.041%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003447−0.157%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003449−0.099%$4.7Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003458+0.160%$315K$127Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003439−0.389%$58K$707K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003462+0.278%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003457+0.133%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003473+0.596%$98K$158K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003450−0.069%$23K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003454+0.046%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−13.104%$578100xas long as short
Backpack kBONK_USDC_PERP+0.0390%1h0.000003457+0.133%$31K$7K10xas long as short
Hyperliquid kBONK+0.0987%1h0.000003456+0.104%$10.3M$7.6M10xas long as short
Kraken Futures PF_BONKUSD+0.2034%1h0.000003464+0.343%$216K$165K50xas long as short