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

BONK

all BONK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0071%/8h= −7.7% APRnext payment $0.09 per $10,000 · paid last 24h −0.018%
Price spread now: Injective against Extended−3.868%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.868% cheaper against Extended than usual: you would sell low and buy high (−$387 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000BONK-USD0.0000034060.0104pay 0.0013% / 1h13m 03s$22K$4K25x
ShortInjective BONK/USDC PERP0.0000032740.0033get 0.0004% / 1h13m 03s$3K$1135.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14.84
Price spread: −3.868% → 0.000%
−$386.82
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$406.68
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Injective: 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 Extended no order-book sample
Sell Injective no order-book sample
Extended and Injective: 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%1h0.000003371−1.020%$43K$25K50xas long as short
BloFin 1000BONK-USDT−0.0140%4h0.000003403−0.081%$1.0M$14.5M75xas long as short
Orderly PERP_1000BONK_USDC−0.0039%4h0.000003404−0.051%$29K$39K20xas long as short
gTrade (Gains Network) BONK/USDL 0.0000% / S +0.0001%1h0.000003409+0.104%$1K150xas long as short
dYdX BONK-USD0.0000%1h0.000003413+0.222%$12K$3K10xas long as short
Injective BONK/USDC PERPshort+0.0033%1h0.000003274−3.868%$3K$1135.5x
Reya kBONKRUSDPERP+0.0083%1h0.000003410+0.124%$415xas long as short
Nado kBONK-PERP+0.0100%1h0.000003410+0.140%$18K$101K10xas long as short
Aster 1000BONKUSDT+0.0100%4h0.000003411+0.154%$65K$253K10xas long as short
Pacifica kBONK+0.0100%1h0.000003413+0.213%$115K$122K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000BONKUSDT+0.0100%4h0.000003408+0.061%$15.7M$53.2M75xas long as short
Bybit 1000BONKUSDT+0.0100%4h0.000003404−0.045%$10.7M$17.1M50xas long as short
OKX BONK-USDT-SWAP+0.0100%8h0.000003405−0.022%$2.5M$7.9M20xas long as short
Gate BONK_USDT+0.0100%4h0.000003408+0.066%$733K$2.6M50xas long as short
MEXC 1000BONK_USDT+0.0100%4h0.000003408+0.066%$10.0M$6.8M125xas long as short
KuCoin 1000BONKUSDTM+0.0100%4h0.000003406−0.004%$2.7M$9.8M75xas long as short
Bitget 1000BONKUSDT+0.0100%4h0.000003404−0.051%$4.3M$3.0M75xas long as short
BingX 1000BONK-USDT+0.0100%4h0.000003406+0.008%$4.7Mas long as short
Variational Omni 1000BONK+0.0100%4h0.000003401−0.140%$305K$119Kas long as short
ApeX Omni 1000BONKUSDT+0.0100%1h0.000003409+0.096%$57K$708K25xas long as short
SunX BONK-USDT+0.0100%4h0.000003413+0.213%$2K$12K20xas long as short
SoDEX 1000BONK-USD+0.0100%1h0.000003409+0.096%$2K$6K10xas long as short
HTX BONK-USDT+0.0100%4h0.000003412+0.184%$94K$153K30xas long as short
Extended 1000BONK-USDlong+0.0104%1h0.000003406long leg$22K$4K25x
Aevo 1000BONK-PERP+0.0104%1h0.000003405−0.022%$4K3xas long as short
GMX BONK/USD [ETH-USDC]L +0.0197% / S −0.4340%1h0.000003000−11.913%$571100xas long as short
Lighter 1000BONK+0.0328%1h0.000003413+0.213%$353K$474K10xas long as short
Deribit 1000BONK_USDC-PERPETUAL+0.0337%1h0.000003409+0.096%$2K$110K10xas long as short
Backpack kBONK_USDC_PERP+0.0366%1h0.000003410+0.125%$30K$7K10xas long as short
Hyperliquid kBONK+0.0605%1h0.000003412+0.184%$9.7M$7.4M10xas long as short
Kraken Futures PF_BONKUSD+0.1457%1h0.000003419+0.385%$213K$165K50xas long as short