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

BONK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0524%/8h= +57.4% APRnext payment +$0.66 per $10,000 · paid last 24h +0.088%
Price spread now: Hyperliquid against Extended+0.140%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 fees+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.140% dearer against Extended than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000BONK-USD0.0000033900.0104pay 0.0013% / 1h19m 53s$22K$4K25x
ShortHyperliquid kBONK0.0000033950.0628get 0.0079% / 1h19m 53s$9.7M$7.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$110.08
Price spread: +0.140% → 0.000%
$14.05
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$110.13
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Hyperliquid: live order book, 3 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 Extended no order-book sample
Sell Hyperliquid live order book, 3 min ago1.47 bp14.7 bp −$1528.4 bp −$284doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000BONK-PERP-INTX−0.0376%1h0.000003382−0.243%$44K$25K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003382−0.243%$1.0M$14.3M75xas long as short
Orderly PERP_1000BONK_USDC−0.0047%4h0.000003390−0.007%$29K$39K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003389−0.028%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003387−0.083%$12K$3K10xas long as short
Injective BONK/USDC PERP+0.0033%1h0.000003274−3.429%$3K$1135.5xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0045%1h0.000003390−0.007%$2K$110K10xas long as short
Reya kBONKRUSDPERP+0.0083%1h0.000003387−0.096%$415xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003391+0.023%$65K$262K10xas long as short
Pacifica kBONK+0.0100%1h0.000003388−0.066%$112K$120K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003390−0.003%$15.4M$53.2M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003392+0.043%$10.6M$17.0M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003392+0.052%$2.5M$7.8M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003389−0.036%$732K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003391+0.023%$10.0M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003391+0.020%$2.7M$9.9M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003388−0.066%$4.3M$3.1M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003390−0.007%$7.1Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003384−0.186%$304K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003380−0.302%$57K$707K25xas long as short
Nado kBONK-PERP+0.0100%1h0.000003387−0.081%$18K$101K10xas long as short
SunX BONK-USDT+0.0100%4h0.000003391+0.023%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003390−0.007%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003391+0.023%$93K$153K30xas long as short
Extended 1000BONK-USDlong+0.0104%1h0.000003390long leg$22K$4K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003392+0.052%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0196% / S −0.4340%1h0.000003000−11.511%$566100xas long as short
Lighter 1000BONK+0.0320%1h0.000003396+0.170%$321K$441K10xas long as short
Backpack kBONK_USDC_PERP+0.0321%1h0.000003391+0.023%$30K$7K10xas long as short
Hyperliquid kBONKshort+0.0628%1h0.000003395+0.140%$9.7M$7.4M10x
Kraken Futures PF_BONKUSD+0.1468%1h0.000003395+0.132%$212K$165K50xas long as short