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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: SoDEX against dYdX+0.344%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.344% dearer against dYdX than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX BONK-USD0.0000033800get 0.0000% / 1h12m 45s$12K$3K10x
ShortSoDEX 1000BONK-USD0.0000033920.0100get 0.0013% / 1h12m 45s$2K$6K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: +0.344% → 0.000%
$34.44
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$37.44
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; SoDEX: 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 SoDEX no order-book sample
dYdX and SoDEX: 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%1h0.000003394+0.404%$43K$34K50xas long as short
dYdX BONK-USDlong0.0000%1h0.000003380long leg$12K$3K10x
Deribit 1000BONK_USDC-PERPETUAL0.0000%1h0.000003393+0.374%$2K$110K10xas long as short
gTrade (Gains Network) BONK/USDL +0.0001% / S +0.0001%1h0.000003394+0.409%$23150xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.146%$3K$1135.5xas long as short
Orderly PERP_1000BONK_USDC+0.0062%4h0.000003395+0.433%$29K$57K20xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003395+0.431%$415xas long as short
BloFin 1000BONK-USDT+0.0094%4h0.000003391+0.315%$955K$15.0M75xas long as short
Lighter 1000BONK+0.0096%1h0.000003385+0.137%$223K$670K10xas long as short
Nado kBONK-PERP+0.0100%1h0.000003397+0.478%$27K$97K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000BONKUSDT+0.0100%4h0.000003390+0.283%$78K$250K10xas long as short
Pacifica kBONK+0.0100%1h0.000003384+0.108%$114K$104K10xas long as short
Binance 1000BONKUSDT+0.0100%4h0.000003384+0.113%$16.0M$57.5M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003383+0.090%$10.7M$18.0M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003380−0.011%$2.5M$8.5M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003383+0.078%$841K$2.7M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003387+0.196%$9.5M$7.1M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003384+0.114%$2.6M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003379−0.040%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003383+0.078%$4.7Mas long as short
Backpack kBONK_USDC_PERP+0.0100%1h0.000003391+0.315%$30K$7K10xas long as short
Variational Omni 1000BONK+0.0100%4h0.000003410+0.872%$310K$133Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003404+0.699%$57K$706K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003397+0.492%$2K$12K20xas long as short
SoDEX 1000BONK-USDshort+0.0100%1h0.000003392+0.344%$2K$6K10x
HTX BONK-USDT+0.0100%4h0.000003411+0.906%$97K$119K30xas long as short
Extended 1000BONK-USD+0.0104%1h0.000003380−0.007%$22K$4K25xas long as short
Aevo 1000BONK-PERP+0.0104%1h0.000003402+0.640%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.252%$568100xas long as short
Hyperliquid kBONK+0.0799%1h0.000003391+0.315%$10.0M$4.7M10xas long as short
Kraken Futures PF_BONKUSD+0.2044%1h0.000003399+0.551%$219K$174K50xas long as short