Funding arb · Price arb /

BONK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.016%

Price spread now: BloFin against Extended+0.153%7-day average — · you sell dearer than you buy

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

Long on Extended 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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. BloFin is 0.153% dearer against Extended than usual: you sell high and buy low (spread +0.153% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended 1000BONK-USD	0.000003562	0.0104	pay 0.0013% / 1h	16m 58s	$23K	$4K	25x
Short	BloFin 1000BONK-USDT	0.000003567	0.0072	get 0.0036% / 4h	2h 16m	$1.0M	$18.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$6.62
Price spread: +0.153% → 0.000%: $15.29
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$8.34
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; BloFin: live order book, 7 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 Extended no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	11.44 bp	19.2 bp −$19	24.8 bp −$248	66.7 bp −$6,670	doesn't fit

Extended: 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	0.000003567	+0.153%	$44K	$48K	50x	as long as short
dYdX BONK-USD	0.0000%	1h	0.000003554	−0.204%	$13K	$3K	10x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003558	−0.097%	$25	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−8.074%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDTshort	+0.0072%	4h	0.000003567	+0.153%	$1.0M	$18.2M	75x
Reya kBONKRUSDPERP	+0.0083%	1h	0.000003557	−0.116%	$4	—	15x	as long as short
Orderly PERP_1000BONK_USDC	+0.0099%	4h	0.000003560	−0.044%	$31K	$53K	20x	as long as short
Nado kBONK-PERP	+0.0100%	1h	0.000003557	−0.128%	$44K	$114K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003555	−0.193%	$59K	$299K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003558	−0.100%	$120K	$125K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000BONKUSDT	+0.0100%	4h	0.000003565	+0.097%	$18.3M	$72.1M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003567	+0.142%	$11.9M	$22.5M	50x	as long as short
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003565	+0.097%	$2.8M	$11.9M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003561	−0.016%	$924K	$3.1M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003563	+0.041%	$10.6M	$8.2M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003562	+0.012%	$3.0M	$10.4M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003560	−0.044%	$4.5M	$4.0M	75x	as long as short
BingX 1000BONK-USDC	+0.0100%	4h	0.000003559	−0.072%	—	$6.5M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003509	−1.479%	$327K	$141K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003544	−0.493%	$60K	$704K	25x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003570	+0.237%	$2K	$13K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003564	+0.069%	$2K	$7K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003561	−0.016%	$101K	$130K	30x	as long as short
Extended 1000BONK-USDlong	+0.0104%	1h	0.000003562	long leg	$23K	$4K	25x
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003559	−0.072%	$4K	—	3x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0194% / S −0.2801%	1h	0.000003000	−15.767%	$392	—	100x	as long as short
Lighter 1000BONK	+0.0216%	1h	0.000003568	+0.181%	$250K	$723K	10x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0593%	1h	0.000003561	−0.016%	$9K	$134K	10x	as long as short
Hyperliquid kBONK	+0.1547%	1h	0.000003567	+0.153%	$11.8M	$6.7M	10x	as long as short
Backpack kBONK_USDC_PERP	+0.1623%	1h	0.000003570	+0.237%	$47K	$17K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.2600%	1h	0.000003576	+0.415%	$219K	$218K	50x	as long as short