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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: Nado against dYdX+0.094%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.094% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000034060get 0.0000% / 1h31m 07s$12K$3K10x
ShortNado kBONK-PERP0.0000034090.0100get 0.0012% / 1h31m 07s$27K$97K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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: +0.094% → 0.000%
$9.44
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$13.44
Costs to cover
0.170%
Break-even
2.5 days
Slippage unknown: dYdX: no order-book sample; Nado: live order book, 22 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 Nado live order book, 22 min ago1.46 bp18.4 bp −$18doesn'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 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−0.0336%1h0.000003380−0.772%$45K$31K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003411+0.138%$953K$15.1M75xas long as short
dYdX BONK-USDlong0.0000%1h0.000003406long leg$12K$3K10x
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003410+0.109%$24150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.884%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0043%1h0.000003414+0.227%$2K$110K10xas long as short
Orderly PERP_1000BONK_USDC+0.0051%4h0.000003415+0.256%$29K$58K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003411+0.135%$415xas long as short
Lighter 1000BONK+0.0096%1h0.000003417+0.315%$226K$670K10xas long as short
Nado kBONK-PERPshort+0.0100%1h0.000003409+0.094%$27K$97K10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003414+0.232%$79K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003409+0.080%$115K$108K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003415+0.258%$16.1M$56.9M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003411+0.133%$10.8M$17.9M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003413+0.197%$2.5M$8.5M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003410+0.109%$847K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003415+0.256%$9.6M$7.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003414+0.235%$2.6M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003407+0.021%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDC+0.0100%4h0.000003411+0.138%$6.5Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003417+0.315%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003409+0.074%$311K$133Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003413+0.197%$57K$707K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003414+0.227%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003415+0.256%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003418+0.344%$97K$119K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003413+0.183%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003412+0.168%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.928%$570100xas long as short
Hyperliquid kBONK+0.0775%1h0.000003421+0.432%$10.1M$4.7M10xas long as short
Kraken Futures PF_BONKUSD+0.2029%1h0.000003424+0.525%$221K$174K50xas long as short