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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0001%/8h= −0.1% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: gTrade (Gains Network) against dYdX−0.206%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.206% cheaper against dYdX than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000034990get 0.0000% / 1h45m 32s$13K$3K10x
ShortgTrade (Gains Network) BONK/USD0.000003492L +0.0001% / S +0.0001%pay 0.0000% / 1h45m 32s$24150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$0.17
Price spread: −0.206% → 0.000%
−$20.59
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$40.76
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample
Sell gTrade (Gains Network) no order-book sample
dYdX and 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−0.0024%1h0.000003481−0.526%$42K$68K50xas long as short
dYdX BONK-USDlong0.0000%1h0.000003499long leg$13K$3K10x
gTrade (Gains Network) BONK/USDshortL +0.0001% / S +0.0001%1h0.000003492−0.206%$24150x
Injective BONK/USDC PERP+0.0033%1h0.000003274−6.441%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0036%1h0.000003497−0.069%$34K$164K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003500+0.016%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003502+0.074%$70K$139K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003500+0.017%$47K$333K10xas long as short
Pacifica kBONK+0.0100%1h0.000003500+0.017%$116K$162K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003505+0.161%$18.4M$89.7M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 1000BONKUSDT+0.0100%4h0.000003505+0.157%$12.5M$27.5M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003501+0.046%$3.0M$15.2M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003499−0.012%$925K$3.5M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003501+0.046%$11.4M$10.0M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003501+0.057%$3.0M$11.1M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003498−0.040%$4.5M$5.4M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003501+0.046%$6.5Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003492−0.214%$328K$99Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003502+0.074%$59K$701K25xas long as short
Orderly PERP_1000BONK_USDC+0.0100%4h0.000003496−0.097%$30K$51K20xas long as short
SunX BONK-USDT+0.0100%4h0.000003501+0.046%$2K$15K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003497−0.069%$2K$7K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003506+0.188%$99K$134K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003500+0.006%$22K$5K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003494−0.154%$4K3xas long as short
BloFin 1000BONK-USDT+0.0147%4h0.000003501+0.046%$1.1M$20.2M75xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.3950%1h0.000003000−14.271%$534100xas long as short
Lighter 1000BONK+0.0272%1h0.000003498−0.040%$245K$757K10xas long as short
Hyperliquid kBONK+0.0660%1h0.000003504+0.131%$12.0M$8.4M10xas long as short
Backpack kBONK_USDC_PERP+0.2037%1h0.000003502+0.074%$54K$23K10xas long as short
Kraken Futures PF_BONKUSD+0.2966%1h0.000003500+0.020%$178K$275K50xas long as short